Bookkeeping and Accounting for Hair Salons
In need of a bookkeeper and accountant for your hair salon? We manage your books, so you can put all your energy into creating stunning hair transformations. Try us out for free.
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How Bench works with hair salons
Get your bookkeeping, income tax prep, and filing done by experts so you can focus on styling and cutting—backed by one powerful platform. Bench works with hair salons.
We get you set up
Our dedicated team makes sure to thoroughly comprehend your hair salon business, clarify your queries, assist you in linking your accounts, and demonstrate how Bench works to simplify your bookkeeping.
We do your bookkeeping
Every month, your designated bookkeeper arranges your hair salon's transactions and constructs financial summaries. If they require anything further from you, they'll reach out.
We deliver tax-ready financials
Our team of experts is well-versed in salon-specific tax regulations, and will tailor their service to meet your hair salon business's particular needs.
Here’s why hair salons like you trust Bench with their bookkeeping and accounting
Get fast, unlimited support from our expert advisors
We'll keep you consistently informed with the latest bookkeeping updates. Got urgent queries that can't be put off? We'll ensure you get a response within one business day or even sooner. With Bench Accounting, managing your hair salon's finances has never been easier.
Guaranteed accuracy in every detail
Our platform revolutionizes data management for hair salons by automating data inputs from most major providers, empowering you to avoid common discrepancies. We collaborate with vendors such as Gusto, Stripe, Shopify, and Square, ensuring your financial books are consistently precise and up-to-date. Trust Bench Accounting to transform how your salon handles accounting.
See where you’re spending. Make smart decisions
Say farewell to heaps of receipts and tiresome manual logging—we automate entries straight from your connected accounts. Grasp insights from a unified dashboard so you can effortlessly comprehend the fiscal wellbeing of your hair salon and make informed business decisions.
Bench integrates with your favorite small business tools
We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.
Trusted by 25,000+ American small business owners
CHRIS RONZIO
DR. BUKKY KOLAWOLE
HEATHER SHOLL
We know bookkeeping for hair salons
For owners and operators of hair salons, negotiating the complex terrain of industry-specific taxes and laws can be just as challenging as managing a successful business. For example, there are particular rules for employee classification (an area frequented by tax audits), tip taxation, and specific deductions like small tools and supplies. And that’s where Bench comes in. We offer comprehensive online bookkeeping services that accommodate the unique needs of your hair salon. Our expert team can handle your bookkeeping, manage payroll expenditures, and ensure your financial records are accurate and up-to-date.
But our service doesn’t end with bookkeeping. Salons have a confusing world of product sales, service income, retail, and educational and equipment expenses. We understand these complexities and can help maximize your tax deductions. We use intuitive software, which is paired with real, human bookkeepers, to provide you with accurate, timely financial information and insights. Our team is familiar with the intricacies of the hair salon sector, allowing you to confidently focus on what you do best - providing excellent service to your clients and growing your business. Our job is to ensure that your finances are in order, so you can run a profitable, compliant, and stress-free operation.
Simple, straightforward pricing for everything your business needs.
Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.
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Frequently Asked Questions
As a hair salon owner, there are several specific tax deductions you can claim. Here are some examples:
- Equipment and Supplies: Hair salon owners can deduct the cost of any equipment and supplies needed to keep the salon running. This includes shampoo, hair dye, scissors, hair dryers, curling irons, and any other items required for styling or care.
- Rent or Mortgage: If you rent or own the space where you operate your salon, these payments are tax deductible.
- Utilities: You can also deduct the cost of utilities for your salon, such as electricity, water, and phone services.
- Marketing and Advertising: The cost of promoting your hair salon, including online advertising, print ads, social media marketing, and more, is tax deductible.
- Education and Training: If you take any classes or attend seminars to improve your skills or knowledge in the hair salon industry, you can deduct these costs.
- Insurance: If you have business insurance for your salon, the premiums you pay are deductible.
Keep in mind that the above are general examples and the specific deductions you can claim may vary based on your circumstances. For an accurate understanding, it's best to consult with a bookkeeper or accountant who understands the hair salon industry.
A bookkeeper can immensely ease the burden of managing the payroll and financials for your hair salon. They can handle various tasks such as tracking and recording all financial transactions, managing accounts payable and receivable, and handling payroll. All this allows you to focus on other important aspects of your business.
Having a bookkeeper ensures that your financial records are accurate, up-to-date, and ready for tax season. This can help to avoid any potential financial pitfalls or audits. Also, with a detailed financial record, you can easily track the profitability of your hair salon and make informed decisions. In the long run, a bookkeeper helps you save time, money, and stress related to financial management.
Absolutely! A bookkeeper can help you keep track of your inventory and sales. They can help you monitor which products are selling fastest, how much inventory is left, when it's time to re-stock, and how much sales you are making. This can give you a clearer perspective on how different hair and beauty products are performing in your business, helping you make more informed decisions.
Nope! All bookkeeping is completed in-house.
Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.
We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.
Bookkeeping Services for Hair Salons
Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.
No credit card required. By clicking ‘Get Started’, I agree to Bench’s Terms & Privacy Policy.