In this article, we are going to review some necessary tips you need to know regarding bookkeeping for gyms. Gym revenue is calculated by adding together all income from various sources such as membership fees, personal training services, class fees, and ancillary revenue from merchandise or refreshments sales. Automated billing and reporting features from platforms like Exercise.com can help in accurately calculating this. By monitoring this metric regularly, they can identify opportunities to optimize marketing channels or adjust pricing strategies based on cost-effectiveness. Additionally, other KPIs like customer churn rate, revenue growth rate, and profit margin are essential for assessing overall financial performance and identifying areas of improvement. Take Into…