Gym management software is a valuable tool for gyms to utilize which assists with class scheduling, billing and payments, member check-ins, and much more. Most people are unaware of the valuable financial reporting tools that are available that streamline operations. Read more below to find out ways that financial reporting can assist your gym.
Easily Track Payments
Through the financial reporting feature all types of member payments can be tracked. This is also grouped according to different categories such as payments per month, offline payments, payments per member per month, and much more. These are all valuable tools to track the growth of your gym and measure how strong your cash flow is. You’ll also be able to see when expected payments are coming in if you have members with recurring memberships. This can assist in forecasting sales for the current and future months.
Find Overdue Bills & Expiring Memberships
Through gym software you can easily track past due or failed bills and all relevant information regarding the bill. This can help gyms track which members are missing payments. There’s also a valuable feature in RhinoFit to track expiring member credit cards. This can help avoid any billing issues that might occur in the future. These features allow gyms to forecast future issues and deal with current ones right when they happen. There’s no more going through lengthy CRM systems, with gym software CRM and financial reporting features are streamlined and easy to use.
It Makes Your Life Easier
Gym management software is a valuable tool for gym owners to use and the financial tools are easy for anyone to use. As a gym owner, there are many other important tasks to take care of besides managing your financial activity. With the right tools, managing your members can be streamlined into one system. If this is a tool your gym could use, contact us at RhinoFit today or schedule a demo to see our software in action!