Accounting is one of the most time-consuming responsibilities, yet many beauty professionals opt to do it by themselves, unaware of just how much of a difference hiring an accountant can make to their business. Here you will find out why delegating bookkeeping and accounting to an expert could be one of the best business decisions you will ever make.
Reason #1: An accountant will reduce your workload and give you peace of mind
Business owners often don’t have a clue of just how much work an accountant can do for them. A good accountant will keep control of all financial aspects of your salon (including tax returns, payroll, financial statements, cash flow etc.) and make sure that you are obeying all tax requirements. Say goodbye to missed due-dates, penalties and all those silly bookkeeping mistakes that took you hours to fix. With the support of a professional, staying on top of your salon’s financial obligations will be a walk in the park.
Reason #2: An accountant will help you grow your business more effectively
An accountant will analyse and have a solid grasp on the financial condition of your salon, which means more effective business forecasting and quality information whenever you need it. With your accountant’s support, you can set up measurable business goals and track your progress towards meeting them. Of course, no one knows your salon better than you, but having someone who can help you see the forest for the trees while you face important business decisions, is invaluable. But for the curious salon owner that wants to know how their business is doing, salon software like Versum is the ideal solution.
Reason #3: An accountant will give you more time to focus on managing your salon
Managing your books can be challenging and time-consuming. An accountant will not only keep your business in compliance, but also save you hours of arduous work. Not to mention the money you will save because accountants know all the ins and outs of finances, like tax breaks. You can spend your valuable time doing what you actually love – running your business. Put your energy and focus on what you do best to unlock your salon’s full potential.
Where to start and how to make it work?
The best way to find a good salon accountant is to get some recommendations and make sure you have a few candidates to choose from. Hiring an accountant is an important business decision, so take your time and choose the right person, who understands the specifics of the beauty business and, ideally, has some experience in working with beauty professionals. When you make your choice, express your expectations, discuss your business plans and goals, and set up a schedule for meetings.
If you would like to find out how Versum system can make it easier for you and your accountant to stay on top of the numbers, go to www.versum.com and start a trial.