3 Good reasons for Salons & Spas to switch to a cloud accountant
In the fast changing business of hair and beauty there is always something new to consider. Whether it’s new products, new markets or new salon technology there are a constant stream of ideas and inspiration for salon owners to buy to improve the salon experience for clients.
As a Salon owner you want clients to love you enough to return time and time again, but you also need to keep an eye on cash flow and profits. One of the secrets behind the most successful Salons is the trusted adviser who can help you grow the business – your Accountant.
As Salon accounting specialists, here’s our top 3 reasons why you should consider switching to a cloud accountant.
The Style Makeover
With a cloud Accountant you have someone never more than a few mouse clicks away from your business accounts. It’s like having your own Finance Director, but without the high costs. You get a can-do attitude, tax tips, advice, cloud solutions recommended and salon expertise too.
- Tip 1 – Get a beautiful foundation
Having a good understanding of your business numbers is what keeps your business growing. Do you know your current gross profit? Do you know why you might need to monitor it? We know that running a beauty or hair salon keeps you mega busy, so anything that makes financial management easier for you is a big plus. That’s where clous accounting software comes in – use Xero or QuickBooks Online.
Accounting software ,plus an Accountant who knows about your type of business takes the hard work out of Salon accounting. Cloud accounting software takes care of the cash visibility, the sales data, your contacts, invoices and much more, giving you time to get back to keeping your clients happy in the salon.
Using a specialist Accountant means you get accounts, payroll, tax and VAT advice as standard, plus the knowledge of how to integrate your business systems – saving to tax and time.
- Tip 2 – Top add-on treatments to save you time
The beauty of having Xero (or maybe QuickBooks Online) as your accounting system means you can add-on any of over 500 Xero Add-ons that integrate seamlessly into your accounts. With our help you can create a tailor made process flow that works for your salon or spa business. So you get to manage appointments, take card payments, analyse data reports, profits and customer loyalty.
You can then scale up as you need to, maybe add an on-line shop or product stock control as well.
- Tip 3 – Cash Flow
Don’t be killed off because of problems with cash flow. The beauty of having your business accounts in the cloud is that you have access to up to date information any time. With your bank accounts linked to your accounts you have an up to date view of cash in from your card provider, or POS terminal, and you can see what’s due to be paid out to suppliers, salon rent or salon staff, by looking at your dashboard. You will feel invigorated by the new level of financial control.
Want to know more?
Finally, here’s a suggestion of how you might want to structure your Hair Salon, Beauty Salon or Spa business in the cloud. This will work for a start-up or a bigger Salon or Spa.
Give us a call on 01603 516 304 or request free updates from us here.
Timely is easy to use appointment scheduling software that integrates with Xero. We recommend this to all salons and spas who have accounts on Xero. Data can be extracted from other salon systems, but to maximise workflow or if you work alone, get the free trial from Timely.
Xero is the number one, easy to use online accounting software for UK small businesses. Shaper Accountants are Xero Partners, integrators & trainers. But, if you love Quick Books Online we can find you a solution too.
Mobile card payment solution
Take card payments on the go if you offer a mobile service or in Salon using your iPhone, iPad or Android with iZettle. We’ve had positive feedback from clients using iZettle.
POS (Point Of Sale) software
Vend is a popular web-based POS & inventory management software.
You can follow us on Twitter @shaperaccountants.co.ukaccounts
Blog post written by Caroline who helps many salon owners on their journey to success. Attributes – loves identifying your repeat business, your top clients, your gross profit and finding out your most profitable services. Best advice? Start small with low costs but have your ultimate Spa or Salon solution in mind.