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Last modified by Isaac Mejia on 2026/08/21 14:56
From version 12.1
edited by Isaac Mejia
on 2026/08/21 14:56
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To version 10.1
edited by Isaac Mejia
on 2026/02/05 15:08
Change comment: There is no comment for this version

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2 2  
3 3  = Year End Preparation - Financial Reports =
4 4  
5 +{{info}}KB: MSI Knowledgebase • Category: Reporting • Source: [[https://membersolutions-9221154.hs-sites.com/kb/year-end-preparation-financial-reports_1487602117>>https://membersolutions-9221154.hs-sites.com/kb/year-end-preparation-financial-reports_1487602117]]{{/info}}
6 +
7 +* [[FAQs>>FAQs_1619918923.html]]
8 +
9 + Year End Preparation - Financial Reports
10 +
11 + Created by
12 + Amith, last modified by
13 + Cathy Beckstead on Mar 22, 2021
14 +
5 5  Are you ready for a New Year in your Fitness Business?
6 6  
7 7  Having sound financial practices in your business is kind of like having a solid foundation under your house. It is easier to grow and add on new things if you are worried about the floor falling out beneath you.
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22 22  
23 23  **Sales by Category:**
24 24  
25 -Member Manager uses Accrual Accounting as the basis of our software this means that as soon as an invoice is created it counts towards your sales regardless of when your clients actually pay you for it.
35 +Member Manager uses Accrual Accounting as the basis of our software this means that as soon as an invoice is created it counts towards your sales regardless of when your clients actually pay you for it, check out this video to learn more ([[http://www.investopedia.com/video/play/accrual-accounting/>>http://www.investopedia.com/video/play/accrual-accounting/]]).
26 26  
27 27  The Sales by Category report can be pulled for any time frame and shows you the total revenue that you have during that time frame (regardless of how much you have received in payments)
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61 61  Have a great holiday season but make sure to take a few minutes to prepare for a profitable and growth filled New Year!
62 62  
63 63  {{include reference="KBSupportCTA.WebHome"/}}
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