Bookkeeping for Hairstylists: How to Stay Organized and Make Smart Business Decisions ๐โโ๏ธ
If youโre a hairstylist, chances are you didnโt get into this business because you love numbers. But whether you rent a booth, run your own salon, or freelance, keeping up with your bookkeeping is essential for running a sustainable and profitable business.
This guide is here to help you understand the basics of bookkeeping as a hairstylistโno fluff, no jargon, just practical advice that makes sense for how your business actually runs.
โ Why Bookkeeping Is Important for Hairstylists
Hairstylists often have inconsistent income and multiple revenue streamsโtips, Venmo, Zelle, Square, product sales, and more. That can make it hard to keep track of what youโre actually earning and spending. Without a clear system, itโs easy to:
Lose track of how much youโre bringing in
Miss tax deductions for legit business expenses
Over- or under-pay quarterly taxes
Feel stressed and unprepared during tax season
Good bookkeeping helps you understand where your money is going and how your business is doing month to month. It also helps you make smarter decisionsโlike whether you can afford to take time off, raise your prices, or invest in education or equipment.
๐What Hairstylists Should Be Tracking
You donโt need fancy software to start tracking your financesโjust consistency. Here are the basics every hairstylist should track:
Income: Include every sourceโappointments, tips, product sales, gift cards, etc.
Expenses: Track everything you spend to run your business, like color, tools, rent, continuing education, supplies, and software.
Mileage: If you travel for work (mobile stylists, bridal gigs, etc.), log your miles.
Receipts: Keep copies of receipts for anything business-related. Digital or paper is fine, just keep them organized.
Taxes: Understand whether you need to pay quarterly and set aside a percentage of income regularly.
๐ก Bookkeeping Tips for Stylists
Here are a few easy ways to stay on top of your booksโno overwhelm required.
1. Keep business and personal money separate
Open a business bank account and use it only for business. It makes everything cleanerโespecially at tax time.
2. Use a system you can stick to
You donโt need the most expensive software. Even a spreadsheet can work if you keep it updated consistently.
3. Set a reminder to check in monthly
At the end of each month, take 15โ30 minutes to review what you made, what you spent, and whether anything looks off. This small habit makes a huge difference over time.
4. Understand your write-offs
Common deductions for hairstylists include booth rent, tools, product, classes, business insurance, and software. Not everything qualifies, so make sure you're tracking only legitimate business expenses.
๐โโ๏ธ When Should a Hairstylist Consider Getting Help?
You donโt need to outsource everythingโbut if you:
Feel behind on your books
Arenโt sure how to organize things for taxes
Donโt know how much to set aside for quarterly payments
Have multiple income sources and itโs getting messy
โฆit might be time to get some support, even if itโs just to get started with a solid system.
A bookkeeper who understands hairstylists can help set up your books, clean up past months, or do your monthly tracking so you can focus on your clients.
Bookkeeping isnโt about being โgood at math.โ Itโs about understanding your business and making intentional decisions with your money. A little organization goes a long wayโespecially when youโre juggling clients, schedules, and the creativity that makes your work shine.
If youโre looking for a place to start, Fresno Bookkeeping Service has a few free resources to help you get going.
