Hair Salon Accounting made simple
You opened your hair salon because you wanted to make people feel good about themselves, and you wanted more freedom, but the business end takes time away from what you love doing the most.
We know how time-consuming it is to manage bookings, your website, your salon space, and keeping great stylists on staff so they can keep your customers happy. Accounting is the last thing you want to deal with, and you shouldn’t have to. Whether your stylists are on commission or they are renting your chairs, Achen Henderson automates hair salon bookkeeping and payroll so that you can focus on growing your business.
Did you know?
Industry profits for hairstylists rose from 1.9% in 2009 to 5.7% in 2014
Only 45% of the revenues generated by the hairstylist industry come from cutting or styling services
17% of the revenues come from tinting and hair colouring services
The Salon Industry is expected to grow by 2.2%/year for the next 5 years
70% of women say that they use hair colouring products
Well thought out hair salon accounting, booking, billing, and payroll systems streamline operations; freeing up your time and empowering you to make more informed decisions. Outsourcing bookkeeping for hair salons gives you more time to help you grow your business by helping your customers feel great about themselves.
Here are some of the ways we help Hair Salons thrive
Booking and CRM systems
Point of Sales Systems
- Help setup and integrate your online billing system for easy bookings and client communications
- Help setup your point of sale system to track retail and service sales by stylist, tips, rebookings, accept payments, and run analytics
- Identify sales trends to identify your busiest times so you can schedule appropriately
- Manage and delegate scheduling from anywhere
- Develop and utilize a customer relationship management (CRM) tool to target promotions and increase sales
Bookkeeping
Payroll
Accounting
- Keep track of expenses and expense reports
- Manage the accounting for your hair salon, making sure it’s always up to date and consistently accurate
- Handle your time-tracking and payroll so that your employees, contractors, and the CRA are always paid on time and accurately
- Track various comissions, hourly, salary, tips and holiday pay
- Prepare your yearend financial statements
- Prepare your yearend corporate tax returns
- Prepare and file your GST reporting
Cash Flows
Performance Measurement
- Beautiful cash flow budgets and forecasts that give you insights into your future
- We’ll help you interpret your hair salon’s financial results and give you ideas on how to improve them
- Specific KPS such as sales by associate, sales by service line, busy hours, marketing ROI and more
- We work with business owners to create cultures that work. We help with everything from leadership to hiring and team development, to business strategy and marketing
your cpa for hair salons: Quickbooks, Xero, Summit, Milano and more
We know the challenges that you are facing because we have helped hair salons from the startup phase to expansion. Whatever system you’re using now, we’ll meet you where you are and help you build a system that works. Let us manage your hair salon’s bookkeeping, accounting, and payroll so that you can spend more time helping your clients and stylists feel good, so they can help you grow.
Up late planning tomorrow? Up early checking the bank balances? We are right there with you every step of the way, no matter how big or small your business is.
It all starts right here, imagine the possibilities.