Bookkeeping, Accounting & Tax Services for Salons
We handle the financial side of your salon, from monthly bookkeeping and accounting to tax preparation and filing.
Our work is built around the way salons actually operate, so the numbers behind your business are accurate, organized and useful.
Monthly Bookkeeping & Accounting
We maintain, reconcile and review the financial activity behind your salon so QuickBooks stays current and your financial statements reflect what actually happened in the business.
Salon Revenue & 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 activity, rather than simply treating bank deposits as sales.
Payroll & Commissions
We record wages, commissions, employer payroll taxes, tips, payroll liabilities and related activity so payroll is properly reflected in your books.
Bank & Credit Card Reconciliation
We reconcile bank and credit card accounts to their statements and verify that the balances in QuickBooks are accurate.
Transaction Categorization
We organize financial activity using a salon-specific Chart of Accounts so your reports remain consistent, meaningful and easy to understand.
Monthly Financial Reporting
We prepare and review your monthly financial statements after the books have been reconciled, giving you a reliable picture of how your business is performing.
Accounting Support
We answer questions about your financial statements, help you understand the numbers and coordinate accounting information needed for tax preparation and other financial matters.
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 come through Phorest, Boulevard, Vagaro, Meevo, Square or another platform, we make sure the financial activity is properly reflected in your books.
Financial Statements That Reflect Your Salon
Accurate accounting isn't just about keeping QuickBooks organized.
Your financial statements should clearly show what's happening inside your salon. That means separating service and retail revenue, accounting for tips and outstanding gift cards, organizing costs such as back bar and retail products, and properly recording payroll, commissions and merchant fees.
The result is a Profit & Loss Statement and Balance Sheet structured around the way your salon operates.
Tax Preparation & Filing
We also provide business tax preparation and filing services.
When your accounting and tax preparation are handled together, there's less disconnect between your financial records and your tax return. We already understand the transactions, accounts and financial activity behind your business.
We can also work with your existing tax professional when you prefer to keep that relationship.
Profit First for Salons
We wrote the book on Profit First for salons.
Profit First for Salons grew out of our experience in the salon industry and our understanding of the financial challenges salon owners face.
We can help you put Profit First principles into practice in your own salon, with an approach that works for your business.
Cleanup & Catch-Up Bookkeeping
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 it up and bring it current.
Depending on what we find, that may include reconciling old accounts, correcting transaction classifications, reconciling salon revenue with bank deposits, correcting tips, sales tax and gift card liabilities, and addressing payroll activity that wasn't recorded properly.
Once the books are accurate and current, we can move into ongoing monthly accounting.
Let's Talk About Your Salon
Whether you're looking for ongoing bookkeeping, accounting support, tax preparation or help with Profit First, we'd be happy to learn about your salon and see how we might help.