Learn how to do Barber Shop Accounting and understand why this matter is so important for the success of your business
The beauty sector already has 30% of its revenue occupied by the male public, this means double compared to the last 5 years and is expected to grow even more according to Euromonitor International, a research company that monitors the beauty sector in 80 countries. With this growth, barber shop accounting is another factor that is growing at the current moment.
This is because barber shops gain notoriety by offering a more specialized and sophisticated service. In addition to innovating with decoration, techniques, and quality products, it is necessary to pay attention to the accounting matters of the business so that it can be truly successful.
If you want to know how to do barber shop accounting, check out this article and find out how the Belasis system can facilitate the accounting management of your business.
What is barber shop accounting?
Barber shop accounting refers to a set of accounting obligations that need to be met within the deadline and correct manner, thus avoiding the collection of fines and interest by the government.
In this sense, barber shop accounting serves to meet the operations that the business needs, such as regularizing the business at the fiscal, labor, and accounting levels.
Thus, through accounting, the barber shop optimizes its financial planning and tax structure, reduces costs, ensures safety, and increases the company's credibility.
In other words, accounting acts as an accounting management tool for barber shops, assisting in the most diverse matters and, especially, in making decisions correctly, whether in tax, financial, or managerial aspects.
Therefore, Belasis specialized in beauty niches to understand them and deliver increasingly specialized solutions for your business. This means that, when thinking about barber shop accounting, the right choice is to rely on the Belasis system.
Why is barber shop accounting important?
By relying on a barber shop accounting system like the one offered by Belasis, you will have assistance in several areas: tax, labor, and financial consulting.
All of Belasis's barber shop accounting management procedures aim to structure and format your business to achieve success. This means that, by having good accounting practices, you will make your establishment compliant with regulatory bodies and will also benefit from:
Assistance in setting up the business;
Complete tax calculations;
Financial reports;
Important information saved and secured in the cloud;
Formulation and registration of mandatory contracts between the professional and the business;
Commission calculation;
Receipt generation;
Distinction between staff commissions and barber shop revenue;
Data always secure and saved with efficiency;
Less bureaucracy and more agility.
What are the steps for opening a barber shop?
First, it is necessary to assess the corporate structure of the group, that is, how many partners participate, as well as the responsibilities of each one. However, it is worth remembering that the first step to formalizing a business is by opening the company.
To open your company, the first step is choosing the legal structure of your business. Discover below which are the most commonly used for barber shops:
Limited Liability Company (LTDA): requires two or more partners, governed by articles of incorporation where all obligations and rights are agreed upon;
Eireli: similar to an LTDA, but formed by only one partner. However, it requires a minimum capital of 100 times the value of the current minimum wage;
Sole proprietorship (unipessoal): works as a mix of Eireli and individual entrepreneur. It does not require such high capital and protects the entrepreneur's personal assets;
Individual Entrepreneur: ideal for those who work alone and need to formalize their business through a corporate registration number (CNPJ).
Location and business name inquiry
At this stage, the feasibility of the location is consulted, associating the CNAEs (National Classification of Economic Activities) of the activities and the chosen address. In addition, the chosen business name must be checked in the Commercial Registry to verify if it is available. That is, if no other company is already using it.
Documentation
To properly open a company, there is a series of documents. Learn about them:
Process cover page: company name, acts, and events for registration filled out and signed by the administrator and, if any, partners;
Identification documents: identity documents of the owner and all partners, certified copies;
Registration instrument: articles of incorporation, constitutive act, or entrepreneur requisition, in a single copy, with notarized signatures of all partners;
Fee charged by the Commercial Registry: original guide, with a barcode generated by the RFB website, paid and with mechanical authentication from the bank or proof of payment;
Basic entry document of the CNPJ (DBE): signed according to the instrument presented;
Protocol at the State Commercial Registry: with this protocol, registrations in the CNPJ, CEDF, NIRE, and the Municipal Registry are generated.
Barber shop Business License
After completing the submission of the documentation, the legal obligations of the company, both primary and secondary, can begin. In this stage, you will get the barber shop Business License, which acts as a clearance to perform your functions according to the law.
Legal obligations
Finally, after opening and starting your barber shop activities, there are some legal obligations that your business must fulfill. These tasks, although bureaucratic, ensure the security of your business and compliance with the current law.
It is worth remembering that the Belasis system acts to facilitate all these procedures, including:
Issuing invoices;
Tax calculations;
Correct Employee Registration;
Bookkeeping;
Does the Partner Salon Law apply to barber shops?
The Partner Salon Law was approved in 2016 and came into force in 2017, aiming to regularize the sector in fiscal, labor, structural, and business terms.
In practice, it is the officialization of practices and customs that already happen in salons and barber shops throughout Brazil. In other words, the establishment provides space for the service provision, and the professional contributes with their service and expertise.
In this way, both the professional and the entrepreneur have a percentage previously defined by mutual agreement, and each must also collect taxes according to their share.
This means that the law benefits both the entrepreneur and the professional. While the business owner reduces their tax costs, the professional secures their rights by working legally.
With the Partner Salon Law, professional and entrepreneur are defined as partners, which is classified neither as a partnership nor a labor relation. However, for this to be officialized, several accounting practices must be carried out.
Opening the company correctly is the first step. In addition, there are other points that need to be observed
Partnership agreement;
formal registration of the partner professionals;
correct collection of taxes;
clarifications for both subjects of the relationship;
among others.
How to do proper accounting for barber shops?
You can even take care of all the accounting management of the barber shop yourself, but there are several bureaucratic issues that take time and knowledge. Therefore, the best way to carry out this procedure is to count on a company with expertise in the field.
Belasis has all the technical knowledge you need to take care of the legal bureaucracies required for your barber shop to run in accordance with the required regulations. The entire accounting system is run by a digital platform, generating more convenience and efficiency for your business.
After all, as you have seen, there are several procedures that need to be carried out not only when opening the company but also on a monthly basis. Discover 3 points that need your attention when doing barber shop accounting below:
Taxes and Contributions
Taxes and contributions for a barber shop can be managed under Simples Nacional, if the business is classified as a micro-enterprise or small business. In this tax regime, the DAS collects the combined taxes, which include: IRPJ, CSLL, PIS, COFINS, ICMS, and INSS -CPP.
However, if the entrepreneur hires an employee, they will need to collect the INSS percentages on the salary every month, in addition to the employer's INSS contribution on the employee's salary.
Team
Depending on the profile of your business, a barber shop may not have employees or partners, but rather independent partner professionals, according to the Partner Salon Law. However, this process must be established by formal agreements, to avoid any kind of labor lawsuit.
Finance
There are several accounting issues involving the financial part of a barber shop that need constant attention. As in the case of invoice issuance, avoiding double taxation and reducing the risks of falling into a tax audit.
It is important to carry out all barber shop accounting matters carefully, as tax evasion is a crime. Therefore, failing to pay taxes or paying wrong amounts can bring future losses.
Management system for barber shops
The best way to handle this is to automate all routine and bureaucratic matters. For example, invoice issuance, compliance with the Partner Salon Law, and specialized knowledge in beauty business accounting.
With the Belasis system, you will have monthly support with updated reports about your business, in addition to full support from specialists who understand what they do. Also meet Weconta, accounting specialized in beauty businesses and get more time and convenience to optimize your business.
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