
BUDGETS & CASH FLOW REPORTING
Planning in advance for your business and cash flow
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Cash flow is the single most important financial aspect for any fitness business.
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Poor cash flow is the most common reason for small business failure - with careful planning and forecasting such risks can be reduced and predicted before problems arise.
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Our experience as accountants for the fitness industry allows Lume to help you plan your cash flow to identify times of cash shortfalls and excesses so you can manage accordingly.
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Setting budgets and financial goals on a regular basis allows fitness businesses to benchmark their actual performance against tangible measures.
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Lume can work with you to develop such budgets to help you better understand your business as a whole as well as particular areas of over-spend that require greater attention.