Bookkeeping for Booth Renters – What to Track and How to Stay Tax-Ready
Booth renters are small business owners-whether you cut hair, do nails, or offer lashes. But many stylists don’t realize how much financial responsibility they’re carrying. Here’s how proper bookkeeping helps you stay compliant, organized, and stress-free at tax time.
Download Our Free Brochure →What Booth Renters Should Track
1. Rental Payments
- Log booth rent payments monthly
- Record receipts if paying in cash or Zelle
2. Service Income
- Track client payments by method: Venmo, Zelle, Square, cash
- Record tips and deposits daily
3. Product Sales (if applicable)
- Separate service vs product income
- Track COGS on shampoos, oils, etc.
4. Expenses
- Supplies (gloves, color, tools)
- Insurance (professional liability, health)
- Marketing, booking platforms, continuing education
5. Mileage or Local Travel
- Log trips to beauty supply stores or events
- Use standard IRS mileage rate or actual costs
Test Case
A lash artist renting a booth in Miami had no records and no tax prep. We:
- Backtracked 12 months of income from Venmo and Square
- Organized expenses into a clean Schedule C format
- Helped her reduce tax liability by $3,800
Tax & Compliance Relevance
Booth renters are considered self-employed. That means:
- You’ll receive a 1099 or report your own income on Schedule C
- All expenses must be categorized to claim deductions
- No taxes are withheld-quarterly estimates are required
Feeling unorganized? Our salon bookkeeping services are built for booth renters, stylists, and independent beauty pros.
Download Our Free Brochure →Salon Bookkeeping Services Across States
Salon Bookkeeping Services Across Key ZIPs
FAQs
Do you support multiple income apps (Square, Venmo, Zelle)?
Yes. We reconcile income from all sources.
Can I deduct my chair rental and supplies?
Yes—if they’re tracked properly. We make sure they are.
Do I need a separate bank account?
Yes. We recommend it and help organize business-only transactions.
Don’t wait until tax season to get your books together. RemoteBooksOnline helps booth renters stay audit-proof and profitable.
