Averan FS8 Bookkeeping Conversion Package
Averan Advisors takes over the books for an open FS8 location from your current bookkeeper. We review what you have, fix what is wrong and switch at a month end, so no month is missed or closed twice.
The FS8 conversion package
The conversion package is for FS8 owners who already have a bookkeeper and want to switch. The work follows FS8’s 2026 FDD and your franchise agreement. A dedicated fitness specialist handles your account.
- A written review of your current FS8 books.
- Every account matched to its statement on your switch date.
- Accounts rebuilt to produce the monthly report FS8 asks for.
- Recent FS8 royalty and fee charges checked against your agreement.
Book a 30-minute call to talk through your switch.
What the FS8 conversion package includes
Books review
We review your current FS8 books and send you a written list of what is wrong and what it takes to fix it.
Clean opening balances
We match every bank, card and loan account to its statement on your switch date.
Reporting format
We rebuild the chart of accounts so the books produce the monthly report FS8 asks its owners for.
Fee check
We recalculate recent FS8 royalty and fee charges from your sales and check them against your franchise agreement.
Systems reconnected
We reconnect the point-of-sale system FS8 requires, its membership and class booking system and your payroll to the books.
Records collected
We collect the files, workpapers and logins your current bookkeeper holds.
Analytics package
Each month we compare your results with the figures in FS8’s 2026 FDD.
First close on time
We close your first month with us on a date agreed upon up front.
Timeline
- 1Kickoff5 business days
We hold a kickoff call and request access to your current books.
- 2Review10 business days
We send written findings, a scope and a price.
- 3CleanupSet in the scope
We fix the errors we found and rebuild the accounts.
- 4CutoverYour switch date
We move your systems to the new books and lock the opening balances.
- 5First closeBy the 15th
We close your first month and send your reports.
We set your switch date at a month end. Your current bookkeeper closes the month before it, and we close every month after it.
What we check in your current FS8 books
Reconciliations
Every bank, card and loan account matched to its statement.
Royalty and fees
FS8 charges recalculated from your sales and checked against Item 6 of the FDD.
Uncategorized items
Transactions left uncategorized or recorded as miscellaneous expense.
Balance sheet
Loans, payroll liabilities, sales tax and owner money explained.
Franchise fee and build-out
Recorded as assets and spread over the years they cover.
FS8 reports
The books produce the monthly report FS8 asks for.
FS8 figures from the FDD
FS8 franchised studios open at least 12 months averaged $508,660 of Gross Sales in the 12 months to February 28, 2026, with a median of $388,541, according to Item 19 of FS8’s 2026 FDD, issued 1 April 2026. The 7 in that group are 18%* of FS8’s 39 franchised studios. Fees paid to FS8 come to about 16.31%* of sales.
FS8’s 2026 FDD estimates in Item 7 that opening one FS8 location costs $349,300 to $840,700, including the $60,000 initial franchise fee.
At the end of the last year that Item 20 reports, FS8 had 88 franchise agreements signed for locations not yet open.
Send us to start
- Your signed FS8 franchise agreement.
- FS8’s current FDD.
- Your last 12 months of financial statements.
- Your last 12 months of FS8 reports.
- Last year’s tax return.
- Your loan agreements and statements.
Access we need
- Accountant access to your current QuickBooks file.
- Your payroll processor.
- The point-of-sale system FS8 requires.
- The membership and class booking system.
- The FS8 reporting portal.
- Your invoice and expense software.
- View access to your bank accounts and credit cards, with no power to move money.
- How you want inventory tracked.
- The files, workpapers and logins your current bookkeeper holds.
Questions from FS8 owners switching bookkeepers
Can I switch my FS8 books partway through the year?
Averan sets your switch date at the end of any month you choose.
What do you check in my current FS8 books?
We check that every account matches its statement, recalculate recent FS8 royalty and fee charges, clear uncategorized transactions, explain every balance sheet account and confirm the books produce the report FS8 asks for.
Who owns the QuickBooks file?
You own the QuickBooks file. If you already have a QuickBooks Online file, we work in it with accountant access. The file stays yours if you leave.
* Averan Advisors calculation from the figures in FS8’s 2026 FDD.
Where to next
Talk to us about switching your FS8 books
Send the short form for the FS8 conversion package, or book a 30-minute call about your current books and your switch date.
Request the conversion package → Book a 30-minute call