Comprehensive Accounting and Owners Reports

Profit and Loss Statement (P&L):

Gain a complete picture of your small business’ performance with a detailed profit and loss statement with proper preparation, including:
 

• Overview of Income and Expenses: A clear breakdown of total income and expenses for the month, categorized by specific revenue streams (e.g., product sales, service income) and expense categories (e.g., payroll, marketing, utilities)

• Net Profit Calculation: Shows the final net profit (or loss) after all income and expenses have been accounted for

• Comparison to Prior Periods: Option to compare the current month’s results to previous months or the same month in the prior year, giving solopreneurs insights into trends or seasonal variations

• Percentage Breakdown: Highlights each expense category as a percentage of total revenue, which helps solopreneurs quickly identify areas where they might be overspending or where margins could be improved

• Top Revenue and Expense Categories: Identify the largest sources of income and the biggest cost drivers for the business

Balance Sheet:

A Beauty & The Books balance sheet analysis gives you clarity on your business’s financial health with indicators such as:
 

• Assets Section: Provides a breakdown of current assets (e.g., cash, accounts receivable, inventory) and fixed assets (e.g., property, equipment). Helps solopreneurs understand their liquidity and the value of their business assets

• Liabilities Section: Lists current liabilities (e.g., short-term debts, accounts payable) and long-term liabilities (e.g., loans, mortgages). Gives clarity on what the business owes and when those payments are due

• Owner’s Equity Section: Details the owner’s equity in the business, including retained earnings and any contributions or withdrawals made during the month. Offers insight into the solopreneur's stake in the company and changes in business valuation

• Equity-to-Debt Ratio: A key metric included in the report, showing the solopreneur how much equity they have in the business relative to their liabilities, which helps assess financial stability

Expense Report:

Managing your salon’s costs just got easier: 
 

• Use expense report software to offer a detailed breakdown of monthly expenses, categorized by type (e.g., advertising, supplies, payroll)

• Understand your salon’s average monthly expenses for better budgeting and planning

Sales by Customer Summary:

Get to know your top sales by customer and what drives your revenue:
 

• A detailed summary of sales by each customer for the month

• Highlights who the top-paying customers are and which customers contribute the most to overall revenue

• Use sales reporting tools specifically for salon creatives to strengthen relationships and build customer loyalty

• Analyze customer spending patterns to identify risks or opportunities