bookkeeping for yoga and wellness
Namaste.
When you opened your studio, gym or wellness center, you didn’t think it meant keeping records, tracking payments, and reconciling transactions.
Stop taking time away from the practice that you love!
As a studio owner, you have enough on your plate without worrying about financial tracking and tax compliance. We offer industry-specific services tailored to your studio’s unique needs. Our specialized bookkeeping solutions keep your taxes in check, give you peace of mind in your finances, and frees you to get out of the office and back in the studio. Let us take care of the numbers, so you can focus on what matters most – growing your business and providing exceptional classes.
Bookkeeping that can help you get new clients and retain current ones.
Consistent and specialized financial reporting can help you to understand how each of your revenue streams are performing. This insight can help you identify your most profitable classes and offerings, and serve as a stepping stone towards success. With industry specific financial tracking we can determine how many yogis per class (factoring in price) that you need to be profitable. This allows you to focus on your core skills and passion, while the financial aspects of your business are handled with ease and efficiency.
Mindbody, Wellness Living, Wix, Square, etc.
Do you need someone with experience using Mindbody or similar platform? Look no further! Having a bookkeeper that has experience with your internal systems will ensure that your bookkeeping is being handled properly so that you can breathe easier.
Cash flow tracking combined with industry specific bookkeeping for yoga and wellness
Our services are tailored to the unique needs of your studio, and we have a deep understanding of the yoga industry’s financial nuances. We can help you stay on top of your finances, keep track of expenses, and plan for future growth.
82% of businesses fail because of poor cash flow management. My step-by-step cash flow improvement system will help you to gain the insights you are looking for. Don’t let financial tracking take time away from your passion.
Services Include:
- Income and expenses organized for optimization
- Isolate and understand your most profitable classes and offerings
- Maximize tax deductions
- Approve bills or invoices instead of making them yourself
- Review of financial reports and how they can help your business
- Ease of mind knowing that you have a professional in your corner to help you
- Satisfaction Guaranteed!
Ready to Get Started?
At Balanced Bear Bookkeeping, you get dedicated professional bookkeepers, who are ready to help you with your cash flow and propel your business forward.
Bookkeeping Services
Monthly Bookkeeping Services
Our core service includes comprehensive monthly bookkeeping and reconciliations to keep your financial records accurate and up-to-date.
Packages start at $350 per month.
Clean-Up and Catch-Up
We will get your records caught up to date so that everything can be accurately reported for tax purposes.
Packages start at $350 per month
Industry Specific Financial Reporting
Receive tailored financial reports that cater to the unique needs of your industry. Our expertise allows us to provide insightful and relevant financial analysis, helping you make informed business decisions.
Free Up Your Time
The biggest gift we can offer is more time! You can work on what you love to do and truly switch off when you head home.
Cash Flow Management
Efficiently manage your cash flow with our expert guidance. We'll help you track and forecast your cash requirements, ensuring you have the funds needed for smooth operations and strategic investments.
Quickbooks Pro-Advisor Consulting
As certified QuickBooks Pro-Advisors, we offer comprehensive consulting services to optimize your use of QuickBooks. We provide setup, training, and ongoing support to help you manage your finances effectively.
Add-On Services
Industry Specific Financial Reporting
Cash Flow Improvement
Payroll
Invoicing (Accounts Receivable)
Bill Pay Management (Accounts Payable)
See what others are saying...
I have no reservations recommending balanced bear bookkeeping to anyone.
Distinctions
Distinctions
Frequently Asked Questions
- We know your industry and have experience with the problems that you may encounter.
- We know how midbody, wellness living, momence, zen planner, and other studio management software work. As a result, we are able to make the integrations between your business and your books work perfectly.
- We know how businesses of your type and size compare to our other clients.
- And more.
“In the broadest sense, bookkeepers help businesses keep their finances intact by keeping tabs on different accounts, transactions, and reports. They organize, collect, and store the business’s financial records, including cash flow statements, bank reconciliations, and profit and loss statements. Bookkeepers make it possible for business owners and accountants to build budgets, identify trends, and plan for the future.” -Intuit QuickBooks
For a more in depth look check out the full article: https://quickbooks.intuit.com/…/what-does-a-bookkeeper-do/
Using cloud based accounting software with bank level encryption, business owners are more in tune with their financial progress than they ever were before. At the touch of a button business owners can access any of their financial data, wherever and whenever they need it. Virtual Bookkeepers work behind the scenes to keep that data current and are proactively looking for ways to help business owners to achieve their business goals. Bookkeepers work WITH business owners and are much more available for questions than the CPAs and accountants that are only available once a year.
With todays technology, virtual bookkeeping services offer flexibility and convenience that was previously unavailable. Business owners can access their financial records and reports from anywhere with an internet connection, and they can communicate with their virtual bookkeeper through phone, email, or video conferencing. Virtual bookkeeping services are more cost-effective than hiring an in-house bookkeeper, and they eliminate the need for office space and other overhead expenses.
We are able to use QuickBooks Online or Xero for your accounting software needs.
If you currently use a different software, we can help you make the switch.
Balanced Bear Bookkeeping uses a software called Hubdoc for receipt and paper management. It has a convenient app that enables you to take pictures of whatever piece of paper that you need to send us. And that is all you have to do!
On our end, we use Hubdoc to categorize and import the data into QuickBooks.
Hubdoc for paper and receipt management.
Keeper for encrypted data transfer and client portal access – Included.
Google Drive – optional and free storage.
Plooto – only required when invoicing or bill pay services are elected. Prices vary
A2X for ecommerce clients only. Prices vary.
At this time Balanced Bear Bookkeeping does not offer tax filing.
It is very important that the person who prepares your books and the person who prepares your taxes are separate people. This reduces room for error and drastically cuts down on the necessity for tax corrections. It also provides a natural internal control against fraud.
Also if the IRS does decide to audit your business you will have a small team of professionals at your disposal.
We specialize in helping small businesses that need to keep their bookkeeping HIPAA compliant. This means we primarily offer bookkeeping services to private practices, healthcare providers occupational/physical therapists, mental health counselors and therapists, hypnotherapists, chiropractors, message therapists, wellness and fitness centers and others in the healthcare and allied health fields. While HIPAA compliant books are our zone of genius, we also help other service based businesses that do not need HIPAA compliance.
First we have a conversation, so that we can do a dive into what your business needs are and whether we are a good fit for your needs. We will discuss your current bookkeeping process, software preferences and any compatibility concerns. We usually do this with a zoom meeting.
We will then write a proposal so that we ensure everything that you want is covered and all questions are addressed. We will also include a timeline of when you can expect the steps to be completed. Your proposal will include package and pricing options as well as our satisfaction guarantee.
We are here to help! You can reach out to us through our secure client portal or email and we will respond promptly. We ask that you allow us 1 to 3 business days, but we are usually faster than that.
“True yoga is not about the shape of your body, but the shape of your life. ”
— Aadil Palkhivala
