Top Notch Bookkeeping Services for Hair Stylists
Your trusted advisor for all your accounting and bookkeeping needs! Offering First Month of Bookkeeping for FREE!
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You Handle Your Business. We'll Handle Your Books. Remote Books Online: Bookkeeping Services You Need
- We quickly and easily help you get your books up-to-date and ready for taxes, loans, or other transactions, for a clear picture of your business’s financial situation
- Our convenient, online bookkeeping services start as low as $95 a month and are provided by Certified QuickBooks ProAdvisors and Xero-Certified Advisors
- We include accounting software and automated and secure encrypted monthly bank statement downloads
- We have your needs covered with back bookkeeping, real-time bookkeeping, payroll, and full- or part-time bookkeepers, so you can get back to doing what you do best
- We'll reconcile one month of your books for free, so you’ll see exactly how we remove your bookkeeping stress and frustration
Best Accounting and Bookkeeping Software for Hair Stylist
We support you with QuickBooks and Xero accounting and small business bookkeeping software programs
Quickbooks is the accounting software package developed by Intuit and geared towards small and medium-sized businesses.
Xero is a cloud-based accounting software platform for small and medium-sized businesses.
Accounting and Bookkeeping Solutions for Hairdressers
Accounting and bookkeeping solutions are a necessity for any hairdresser or salon owner. It is easy to overlook the importance of these tasks, but it is crucial that they are done correctly in order to avoid any issues, especially come tax time.
The key benefits hairdressers receive by using professional accounting software include:
- Their income and expenses are tracked to help them stay on top of their cash flow
- Their inventory is managed to make sure they have enough product on hand
- Their finances are ready come tax time so their taxes can be filed on time
- Reports are generated to help them see where they have been successful and where they need improvement
Online Bookkeeping Services for Hairdressers
The hair and beauty industry is an extremely competitive market. Hairdressers need to stay on top of trends to keep their clients coming back. Completing your bookkeeping and accounting tasks takes time, which leaves you with less time to learn new techniques.
Online bookkeeping services for hairdressers are the perfect solution for small businesses that don't have the time or expertise to manage their finances themselves. These services allow you to get all your financial information in one place without having to go through the process of hiring an accountant or bookkeeper.
Accountants for Hairstylists
Accounting is essential to running a successful business, big or small. An accountant can help hairdressers and hairstylists by giving them advice based on their financial records. They also provide services such as:
- Helping you to stay up to date on tax laws and regulations
- Reduce your tax liability
- Prepare financial statements
- Maintain your records
Bookkeepers for Hairstylists
Bookkeeping is an important part of the business for any hairstylist. Hairstylists and hairdressers are required to keep track of their income and expenses. This is done through a process called bookkeeping. Bookkeeping is the process of recording financial transactions in a recordkeeping system, such as through double-entry bookkeeping, and then summarizing the information for reporting purposes.
Bookkeeping helps hairdressers and stylists to keep track of their finances, payments, and taxes. A lot of small businesses don't have the time to do it themselves, so they hire a professional bookkeeper to help them out.
The bookkeeping process for hairdressers
Bookkeeping is the process of organizing and recording all financial transactions that occur in a business. It is often done by accountants or other professionals. The term may also refer to the set of books or records that are used for this purpose.
There are two types of bookkeeping methods: cash-based and accrual-based. Cash-based accounting recognizes revenues when they are received and expenses when they are paid, while accrual-based accounting recognizes revenues when they are earned and expenses when they happen.
The difference between cash-based and accrual-based accounting is that in the first one, revenues and expenses are recorded at the time money changes hands, while in the second one, revenues and expenses are recorded at the time goods or services have been provided to a customer.
Which Bookkeeping Method is Best for Hairstylists?
The most suitable bookkeeping method for hairstylists is often the single-entry system. This straightforward approach is easy to manage and adequate for their relatively uncomplicated financial transactions. With single-entry bookkeeping, hairstylists can effectively track income and expenses, maintain organized financial records, and meet basic accounting needs. As their business expands or financial requirements become more intricate, hairstylists may explore transitioning to a double-entry bookkeeping method for more comprehensive financial analysis and reporting.
Why Bookkeeping for Hairstylists is Important?
Bookkeeping is important for hairstylists because it helps them maintain organized financial records, track income, and expenses accurately. By keeping records of salon services, product sales, and business-related costs, hairstylists can understand their business's financial health and profitability. Bookkeeping also aids in preparing for tax obligations and complying with financial regulations. Having accurate financial information enables hairstylists to make informed decisions about pricing, cost-saving strategies, and business growth. Proper bookkeeping ensures financial transparency, credibility, and success for their hairstyling business.
How do I Scale Hairstylists Business with Bookkeeping?
Scaling a hairstylist's business with bookkeeping involves essential steps. Firstly, implement a proper bookkeeping system to track income, expenses, and profits accurately. Regularly monitor financial reports to gain insights into the business's performance. Efficiently manage client bookings and payments to ensure steady cash flow. Consider hiring a bookkeeper or using bookkeeping software to handle financial tasks effectively. As the business grows, maintain organized records, analyze trends, and set financial goals to make informed decisions and successfully expand the hairstylist's business.
How does Bookkeeping help Hairstylists in Decision-Making?
Bookkeeping plays a vital role in aiding hairstylists' decision-making processes. By maintaining accurate and up-to-date financial records, bookkeeping provides a clear overview of the business's financial health. Hairstylists can analyze income, expenses, and profit margins to identify the most profitable services and areas for cost-cutting. Financial reports help in setting realistic financial goals and planning for business expansions or investments. Moreover, bookkeeping ensures that hairstylists are aware of their cash flow, enabling them to make informed decisions about pricing, inventory management, and resource allocation for sustainable business growth.
What are the advantages of hiring bookkeeping services for Hairstylists?
Hiring bookkeeping services offers numerous advantages for hairstylists. Firstly, it ensures accurate and organized financial records, reducing the risk of errors and financial mismanagement. This enables better decision-making and financial planning. Secondly, bookkeepers can handle invoicing, client payments, and tracking expenses, saving time and streamlining operations. Thirdly, they ensure compliance with tax regulations, avoiding potential penalties. Additionally, outsourcing bookkeeping allows hairstylists to focus on their core expertise and business growth. Overall, bookkeeping services contribute to improved financial management, increased efficiency, and smoother operations for hairstylist businesses.
Styling Your Salon’s Success
Whether you own a barbershop, a nail salon, a spa, or another salon business, understanding your finances is even more important for your success than your services.
Providing clients with the latest hairstyles, nail colors or skin treatments is important to filling chairs and bookings every day, as is attracting more customers. But having a handle on your financial information is even more critical to your ability to stay in business and, if it’s in your plans, grow. However, running the salon keeps you busy, and it’s hard to stay on top of the numbers and costs.
Fortunately, there is an easy solution. A bookkeeper can help you bring all of your financial information together. With the right information at your fingertips, you’ll be able to plan staffing for normal days, vacations, and holidays. And you can better track what products and services you sell and which technician is responsible. You can also trim expenses and be ready for tax time. This can all be handled by bookkeeping, which can also help you with:
Understanding the employment classification of your technicians. This means knowing if they are considered an employee or a contractor by the IRS. Most likely, technicians are employees, which means more expenses are incurred by the salon as payroll taxes need to be withheld, reported, and paid. To learn more about employee classification, visit the IRS website on the matter.
Maintaining detailed records for service revenue. This will help you better manage the salon. Every sale should include the customer, the technician, the time of day, and the payment method. This information will show you which technicians are the busiest, your busiest time of day and month, repeat or new customers, and various other pieces of information you deem important to making business decisions. A strong Point-of-Sale (POS) system can capture the information you need.
Capturing expenses at a detailed level. This means costs for payroll by technician, rent, utilities, insurance, various products needed by technicians, and other items specific to your salon. Make certain you also keep a record of items such as refunds, gift certificates, and returns. This information provides better financial statements and helps you make more informed business decisions.
Remote Bookkeeping Services
How to handle the bookkeeping needs of small business salons
Handling the books and financial information can take you away from the business you love and your true talents. And it probably doesn’t make sense to employ a bookkeeper when you would rather employ more technicians.
Remote Books Online lets you focus on your business while your books are looked after. Get flat, affordable monthly rates as low as $95/Month with a team of experienced Certified QuickBooks Pro Advisors and Xero-Certified Advisors to help you get your books on track.
We offer assistance with:
- Bookkeeping
- Invoicing and inventory
- Payroll and payroll taxes
- Sales tax
- Monthly management reports and analysis
- Business planning, budgeting, and forecasting
- Tax preparation
- And much more
With these processes, Remote Books Online helps simplify your operations to minimize your stress and time away from clientele. We can also:
- Tailor a plan that fits your business needs and goals
- Deliver personalized cost-saving solutions and profit-maximizing opportunities
- Provide financial guidance to take your business to the next level
- Partake in advisory conference calls to review business performance
You get everything you need to help you understand your business performance and opportunities.
Outsourcing Bookkeeping Services for Hair Stylist
What Does it Do for You?
As a salon owner, you’ll find it easier to make business decisions when you have access to your P&L and financial statements such as accounts receivable (AR) and accounts payable (AP). After we set up your bookkeeping software for small business hairstylists, our certified QuickBooks Pro advisors will make sure you have this information in the palm of your hand when you need it and are kept up-to-date in real-time.
Bookkeeping is tedious work that takes you away from other critical responsibilities, but it provides financial information critical for your success. When you let us handle it, you can focus on what’s really important.
or Call 1800 583 0148
Bookkeeping Services Price List For Small Business
Choose from three affordable and flexible options. We work with you to customize bookkeeping solutions based on your specific business needs and budget. All of our plans come with a dedicated, certified bookkeeper.
Get Started With Remote Books Online Today
Try Us Out for Free!
It’s easy to experience and evaluate our bookkeeping service for yourself. We’ll enter all transactions, make all necessary journal entries, and reconcile one month of your books for free. Let’s start building our relationship today.
Speak with an agent to get a quote and set up an appointment with a Certified QuickBooks Pro Advisor to go over your books.
Bookkeeping Checked Off Your List
Now that bookkeeping is off your mind, what will you focus on next? Hosting events? Offering more services? Expanding your hours? With Remote Books Online on your side, you can start planning instead of keeping books.
- Say goodbye to late nights of data entry and other tedious and frustrating bookkeeping work.
- Stop wasting time and money training employees on bookkeeping.
- Relax knowing your books are always current and accurate.
- Focus on your salon, spa, or barbershop instead.
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