Skip to Content

Changes for page Year End Preparation-2

Last modified by Isaac Mejia on 2026/02/05 15:22
From version 11.1
edited by Isaac Mejia
on 2026/02/05 15:22
Change comment: There is no comment for this version
To version 7.1
edited by Isaac Mejia
on 2025/12/15 17:01
Change comment: There is no comment for this version

Summary

Details

Page properties
Content
... ... @@ -2,10 +2,12 @@
2 2  
3 3  = Year End Preparation-2 =
4 4  
5 +{{info}}KB: MSI Knowledgebase • Category: Reporting • Source: [[https://membersolutions-9221154.hs-sites.com/kb/year-end-preparation-2_1487569563>>https://membersolutions-9221154.hs-sites.com/kb/year-end-preparation-2_1487569563]]{{/info}}
5 5  
6 6   Year End Preparation-2
7 7  
8 -
9 + Created by
10 + Amith on Feb 05, 2021
9 9  
10 10  Are you ready for a New Year in your Fitness Business?
11 11  
... ... @@ -31,15 +31,15 @@
31 31  
32 32  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)
33 33  
34 -[[image:kb-1487569563-1487438259-1.jpg]]
36 +image:kb-1487569563-1487438259-1.jpg
35 35  
36 36  All downloads from myVolo are tab delimited files, simply save the file and open excel and open the file
37 37  
38 -[[image:kb-1487569563-1487438266-1.jpg]]
40 +image:kb-1487569563-1487438266-1.jpg
39 39  
40 40  And it will be formatted into rows and columns for you
41 41  
42 -[[image:kb-1487569563-1487438272-1.jpg]]
44 +image:kb-1487569563-1487438272-1.jpg
43 43  **Payments by Type:**
44 44  
45 45  This is a record of when you received money for sales that you have made. This is a critical report for balancing your bank account every month! We recommend pulling this report at the end of each month/year so that you can balance your bank account.
... ... @@ -46,11 +46,11 @@
46 46  
47 47  This report allows you to click on any part of it and see what invoices/members made up that amount of money that you received.
48 48  
49 -[[image:kb-1487569563-1487438278-1.jpg]]
51 +image:kb-1487569563-1487438278-1.jpg
50 50  
51 51  If the deposits to your bank account don’t match simply click on the date/payment method and you will see a breakdown of the transactions involved
52 52  
53 -[[image:kb-1487569563-1487438284-1.jpg]]
55 +image:kb-1487569563-1487438284-1.jpg
54 54  **Outstanding Invoices:**
55 55  
56 56  This is a real time report so it is critical that you pull this report on the last day of the year to have an accurate reflection of what was outstanding at the end of your financial year.
... ... @@ -57,7 +57,7 @@
57 57  
58 58  If you think that some of those invoices are no longer collectable then we would recommend that you return the item in myVolo which will create a negative sales reference thus lowering your total revenue for the year, iIf possible do it before the end of the year.
59 59  
60 -[[image:kb-1487569563-1487438290-1.jpg]]
62 +image:kb-1487569563-1487438290-1.jpg
61 61  
62 62  Again make sure that you download and save this report as if you look at it 2 weeks or 2 months from now it could be completely different.
63 63  
... ... @@ -65,7 +65,7 @@
65 65  
66 66  This report is only relevant for people that pre-sell packages and long term memberships that you might be required to re-imburse your clients for. If you have been paid for appointments but haven’t yet provided them to the client then you “owe” the client these sessions and that is why this is looked at as a liability. This is a real time report so every time a client checks in myVolo is adjusting how many appointments are outstanding so make sure you download and save this report at the end of the year!
67 67  
68 -[[image:kb-1487569563-1487438296-1.jpg]]
70 +image:kb-1487569563-1487438296-1.jpg
69 69  
70 70   By reviewing your financial reports on a regular basis the foundation of your business is going to be nice and strong and you will be able to focus on new projects and new clients rather than scrambling to find the data you need to take care of the tax man!
71 71  
... ... @@ -72,3 +72,4 @@
72 72  Have a great holiday season but make sure to take a few minutes to prepare for a profitable and growth filled New Year!
73 73  
74 74  {{include reference="KBSupportCTA.WebHome"/}}
77 +
kb-1487569563-1487438290-1.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.IsaacMejia
Size
... ... @@ -1,1 +1,0 @@
1 -103.6 KB
Content
kb-1487569563-1487438296-1.jpg
Author
... ... @@ -1,1 +1,0 @@
1 -XWiki.IsaacMejia
Size
... ... @@ -1,1 +1,0 @@
1 -142.1 KB
Content