Bookkeeping Built Specifically for Salons
Your books should do more than keep you ready for tax time. They should give you an accurate picture of how your business is actually performing.
My Salon Books provides ongoing monthly bookkeeping for salons, spas and med spas, with the salon-specific details handled correctly from the beginning.
What We Handle Every Month
We maintain, reconcile and review the financial activity behind your salon so QuickBooks stays current and your monthly financial statements reflect what actually happened in the business.
Salon revenue and deposits
We use your salon's sales information to properly account for service revenue, retail revenue, tips, sales tax, gift cards, merchant processing fees and other applicable activity rather than simply treating bank deposits as sales.
Payroll and commissions
We properly record payroll activity including wages, employer payroll taxes, payroll processing fees, tips and applicable payroll liabilities, and coordinate the activity with your books.
Bank and credit card reconciliation
Every bank and credit card account is reconciled to the actual statements so the balances in QuickBooks can be verified for accuracy.
Transaction categorization
Financial activity is categorized consistently using a salon-specific Chart of Accounts so the reporting remains useful and understandable.
Monthly financial reporting
Monthly financial reports are prepared after the books have been reconciled and reviewed.
Bookkeeping support and CPA coordination
We answer bookkeeping-related questions and work with your accountant when information or reports are needed for tax preparation.
We Work With the Systems Behind Your Salon
We work in QuickBooks Online and use information from the systems already running your business, including your salon software, payroll provider, merchant processing and financial institutions.
Whether your sales are coming through systems such as Phorest, Boulevard, Vagaro, Meevo, Square or another platform, our job is to make sure that activity ultimately gets reflected correctly in your books.
Financial Statements Structured Around Your Salon
Accurate bookkeeping isn't just about keeping QuickBooks organized.
Your financial statements should clearly show what's happening inside your salon. That means properly separating service and retail revenue, accounting for tips and outstanding gift cards, organizing direct costs such as back bar and retail products, recording commissions and merchant fees, and properly recording payroll and related expenses.
The result is a Profit & Loss Statement and Balance Sheet that are built around the way your salon actually operates.
Cleanup and Catch-Up When You Need It
Many new clients don't come to us with perfectly organized books.
If your bookkeeping is behind or hasn't been handled correctly, we can clean up and bring your books current before beginning monthly bookkeeping.
Depending on what we find, that can include reconciling previously unreconciled accounts, correcting transaction classifications, reconciling reported salon revenue to bank deposits, establishing or correcting liability accounts such as tips, sales tax and gift cards, and correcting payroll or other financial activity that has not been recorded properly.
How Getting Started Works
- STEP 1
Get a Proposal
Start with a complimentary assessment so we can understand your books, your salon and what you need.
- STEP 2
We Review Your Current Books
We determine what needs to happen before taking over the monthly bookkeeping, including whether cleanup or catch-up work is necessary.
- STEP 3
We Get Everything Set Up
We obtain the appropriate access, organize the bookkeeping structure and coordinate with the systems and professionals involved.
- STEP 4
We Handle the Books Each Month
We maintain, reconcile and review the books and provide your financial reports each month.