Salon Accounting helps small salon business owners keep track of their financial records and accounts. Although Salon Accounting does not track and report all financial information, it perfectly tracks the profit and loss totals throughout the week to provide the most insight to the financial health of your company.
Taxes are inevitiable. Let us help you understand which taxes are applicable to your type of business.
The profit and loss statement is the heart of Salon Accounting - track your net income (profit) by deducting your expenses from your revenue.
The balance sheet can help you understand the state of your business' financials for a specific point in time. It is comprised of Assets, Liabilities, and Equity.
We're here to help you understand basic accounting terms. Click here to see the dictionary.
The IRS will expect that you mark up your sold merchandise at 100% (double your cost). Track your expenses and sales.