What is the best accounting software for small business fit pros that is efficient and easy?
Quick Books Online
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When it comes to small businesses, have tools that are efficient but not over complicated are key! When choosing the right accounting software for your small business, there are a few things to consider:
- Size of your business
- Who will need access
- Cost vs. Benefits
From my experience you don’t need one with all the bells and whistles for a small fitness business.
As you can tell from my blog, I spent a lot of money when I started my fitness business on wasted services. I got caught up in the hype of a new business and wanted things to run perfect.
The good part of having experience from the corporate world is that you can put more logic into your decision making. The bad part, I thought I needed to run my business like a large corporation with all the processes and forms in place.
Wrong! People come to see you and you don’t need all of the in depth systems that a corporation has in place.
My advice: Keep It Simple!
Lets breakdown the real answers to: What Is The Best Accounting Software For Small Business Fit Pros?
Your Options: Quick Books Online Simple Start, and Mint
These programs are provided by Intuit and both have great options. I would definitely choose one of their products for your fitness business!
Quick Books Online Simple Start and Mint- Cost/Benefit
You can purchase Quick Books Online Here for at $7.99 a month.
The Benefits of Quick Books Online include:
- Tracking income and expenses with your business accounts
- Running business reports
- Inviting your accountant
- Sync with spreadsheets
If you are ready to start a fitness business today, I recommend this option!
If things are tight at the beginning, go with Mint…its Free!
Mint is a simple solution that offers a place to track all of your business accounts and view expenditures in one place.
The Benefits of Mint include:
- View Accounts in one place
- Set and Track Budgets
As your business grows you financials will grow as well. When the time comes and you need some extra deductions, Quick Books would be great to have in your toolbox. I do like how it brings all of your expenses together and you never really have to go back and track your line items like you will on a spread sheet.
What Is The Best Accounting Software For Small Business Fit Pros That Is Free?
Mint is the best software that is Free or you can use your own spreadsheet on Microsoft Excel.
Quick Books Pro Software – An Upgrade with all the Bells and Whistles!
I found that Quick Books Simple Start was easy to use and inexpensive to start out. There is an upgrade to the product that you can pick up for a one time fee of $227+. Personally, that’s a little pricey for my pocket book. I would start with Simple Start or Mint and then decide if you need an upgrade.
It is really up to you! Like with all things free, there is always something missing. I like Mint because something is better than nothing, but Quick Books Online is well worth the money.
Mint is Free and is the bare bones of managing money.
Quick Books Online is perfect for a small fitness business and has many benefits you will like.
Quick Books Pro is an upgrade and has a ton of bells and whistles. If your fitness business is growing or you own your gym, this would be worth the investment. For my small fitness business, Simple Start works great!
Great, now where do I get a good Accountant?!
Finding a good accountant for your business may seem simple, but it can also be a challenge. Personally, I went through three accountants before I found the right one.
Why did it takes so long?
I got several referrals for accountants and as I met with them I realized that although my business is simple, it is a big deal to me! And the first few just blew me off like they didn’t want the business.
Get an Accountant Referral from another fitness professional!
If you are a Personal Trainer, ask another independent trainer. Massage Therapy, do the same! When I used a referral from a fellow trainer, I found an accountant that understood my business and my expenses.
And they were excited to help me! It doesn’t get any better than that.
What ever you do, don’t give up! Finding the right partners for your business will help your longevity in this industry and help you enjoy every day you live your passion.
Was this helpful? What is the best accounting software for small business fit pros that works for you? Leave your questions and comments below so others can benefit from your experience.
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