Financial Configuration

Customize and manage the financial aspects of your business, ensuring smooth financial processes for club and members.

• Discount Codes / Referrals
• Point of Sale
• Tax Rates
  • Add Tax Rates
  • Apply Tax Rates
• Billing

Apply Tax Rates

Once your tax rates are created in Financial Configuration, they can be applied to your products and services;

Tax rates are applied throughout GymMaster;

• Memberships - via Membership Types > Membership Categories
• Class Bookings - via Bookings and Classes > Classes > Class Categories
• Service Bookings - via Bookings and Classes > Services > Service Categories
• Products - via Products
• Maintenance Fee - via Club Details > Maintenance Fee
• General Sale - via Financial Configuration > Tax Rates
• Miscellaneous - via Financial Configuration > Tax Rates

If setting up GymMaster for the first time - you will apply these tax rates naturally as you move through setting up each section

Once a tax rate has been applied to an income stream it will become ‘locked’ and cannot be edited, to prevent any impact on historic financial reporting.
Be sure all tax rates are correctly created and applied before continuing.

Tax Rates Complete
Next - Billing