Bookkeeping Services for Barbershops

Bookkeeping and Accounting for Barbershops

Searching for a bookkeeper and accountant specifically for your barbershop? At Accracy Accounting, we manage your books, leaving you with more time to perfect your craft. Experience our services risk-free.

* No Debit/Credit Card Required
Accracy Accounting Online Remote Bookkeeping Services for Barbershops
Accracy Accounting QuickBooks Certified ProAdvisor
Accracy Accounting Xero Certified Advisor
Accracy Accounting Gusto Payroll Certiication
Accracy Accounting Fathom Certified Advisor
Accracy Accounting Karbon Certified Expert
Free 1 Month Bokkeeping Trial

New Customer Offer

We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.

* No Debit/Credit Card Required

How Accracy works with Barbershops

Searching for a bookkeeper and accountant specifically for your barbershop? At Accracy Accounting, we manage your books, leaving you with more time to perfect your craft. Experience our services risk-free.

Accracy Accounting CPA CA Oversight
We get you set up

Our team devotes time to thoroughly understand the specifics of your barbershop, address your inquiries, assist you in connecting your accounts, and demonstrate how Accracy seamlessly integrates with your operations.

Accracy Accounting Digital Fluency
We do your bookkeeping

Every month, your specialized bookkeeper arranges your barbershop's transactions and prepares financial reports. If they require any additional information from you, they'll reach out promptly.

Accracy Accounting One-on-one expert support 24/7
We deliver tax-ready financials

Every month, your specialized bookkeeper arranges your barbershop's transactions and prepares financial reports. If they require any additional information from you, they'll reach out promptly.

Here’s why Barbershops like you trust Accracy with their bookkeeping and accounting

Get fast, unlimited support for Barbershops with Accracy Accounting and Bookkeeping Services

Get fast, unlimited support from our expert advisors

We'll keep in touch consistently with financial updates tailored for your barbershop. Have urgent inquiries about your barbershop finances? Rest assured, we'll respond to your queries in a business day or less.

Guaranteed accuracy in every detail for Barbershops with Accracy Accounting and Bookkeeping Services

Guaranteed accuracy in every detail

With Accracy Accounting, your barbershop business can automate data inputs hailing from the major service providers, thereby minimizing the risk of errors. We're in collaboration with well-known merchants such as Gusto, Stripe, Shopify, and Squareguaranteeing that your financial records are always precise and up-to-date.

Make Smart Decisions for Barbershops with Accracy Accounting and Bookkeeping Services

See where you’re spending. Make smart decisions

Bid farewell to heaps of receipts and laborious manual record-keeping — we streamline inputs directly from your connected accounts. Gain insights from a unified dashboard, enabling you to effortlessly grasp the financial state of your barbershop and make strategic decisions.

Bookkeepers for Barbershops

Accracy offers tailored bookkeeping solutions for barbershops, taking care of the unique financial concerns typical for this industry. With frequent cash-in-hand transactions, equipment depreciation, and tip income to manage, bookkeeping for barbershops can become complex. Accracy simplifies this complexity using an intuitive software suite handled by human experts. This, coupled with our understanding of industry-specific tax codes, tax benefits, and state-specific laws, ensures that your financial records are accurate, up-to-date, and compliant with all regulations. We keep track of your earnings, expenses, tips and VAT where applicable, ensuring correct GST/HST calculations, so you can focus on offering your excellent service.

Additionally, labor laws, such as classifications for independent contractors versus employees, often present confusion for barbershop owners. Accracy can assist you in ensuring your employee records are in order from a financial perspective. Our bookkeepers have a deep understanding of tax obligations and categories applicable to barbershops, helping you properly allocate funds for tax time and potentially save money through overlooked deductions. With Accracy, you get a personalized, industry-specific, and professional service, paving the way for better-informed business decisions and a stronger financial future for your barbershop.

Accracy Pricing

Simple, straightforward bookkeeping pricing for everything your business needs.

Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.

Basic

Starting from
$200 / month billed annually
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Catch Up Bookkeeping

$500 / Billed Once
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Basic

Starting from
$250 / month
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Frequently Asked Questions about Bookkeeping and Accounting for Barbershops

As a barbershop owner, you have the ability to claim a variety of expenses for tax deductions. Some of these expenses include:

  • Supplies like razors, scissors, combs, chairs, towel warmers, and hair products
  • Rent or mortgage interest if you own the premises
  • Utilities such as electricity, water, and phone services
  • Marketing and advertising costs
  • Services like cleaning, maintenance, and salon software
  • Insurance and licenses
  • Employee wages and benefits
  • Continuing education and training
  • Depreciation on equipment

It's important to note that this is not an exhaustive list, so it may be beneficial to seek advice from an expert in accounting to guide you about what can and cannot be claimed. Always remember to keep excellent records of all of your expenses for easier tax time documentation.

Managing cash flow in a barbershop with a high volume of low-cost transactions can be an ongoing challenge but can be made easier with some tried-and-true strategies. First, make use of a digital financial management system or virtual bookkeeping service that can handle the volume of transactions and give you real-time financial visibility. This helps in tracking every transaction accurately and enables you to see where the money is going and coming from instantly. Secondly, consider implementing cashless payments for convenience and increased financial accuracy. Lastly, engage a proficient bookkeeper who understands the unique dynamics of your business and can provide appropriate financial advice and solutions.

The best way to handle payroll for your barbershop staff, especially when it involves tips, is to use a reliable payroll system. This payroll system should be able to factor in hourly wages, commissions, and tips that your staff receives. It is also critical to ensure that the system can accurately report these amounts to the Internal Revenue Service (IRS).

Tip income is taxable, therefore, your employees must report tip income on their tax returns. It's your responsibility as the employer to make sure that taxes are properly withheld from your employees' paychecks. You can either account for the tips in your payroll system or have your employees report their tips to you, for which you will then calculate the necessary withholdings.

Moreover, since payroll involves many complicated processes, you can consider outsourcing to a payroll service or hiring a bookkeeper. They can help with tax withholding calculations, paycheck processing, tax form preparation and other payroll-related tasks.

If you're unsure about how to handle payroll for your barbershop staff, it's best to seek professional advice. A bookkeeper or accountant can guide you through the process, ensuring that you're in compliance with all the necessary regulations and requirements.

We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.

Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.

Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.

Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.

We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.

No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.

No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.

Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.

Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.

At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.

Accracy Accounting Frequently Asked Questions (faq)

Our Services

Your Needs, Our Solutions: Total Coverage Guaranteed

Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.

Bookkeeping

Precise Financial Organization

Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.

Bookkeeping

Financial Reporting

Actionable Financial Insights

Beyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.

Financial Reporting

Accounts Payable & Receivable

Efficient Accounts Management

Efficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.

Catch-Up Bookkeeping

Timely Financial Updates

Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.

Catch-Up Bookkeeping

Fractional Controllership

Strategic Financial Guidance

Experience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.

Fractional Controllership

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