Accounting for Beauty Salons: See How to Do It - Belasis

Understand how beauty salon accounting works and the importance of this topic for your business

Many entrepreneurs fulfill their dream of opening their salon, but face difficulties in managing their business. This is because there are many tax and labor issues with specific rules and laws. Therefore, it is necessary to perform beauty salon accounting.

Even though all the bureaucracy brings difficulties, it is necessary to apply accounting matters to your business. Only in this way can the entrepreneur know and manage the real situation of their establishment.

However, staying up to date in the field, keeping up with trends and new techniques required by the market, and still focusing on the accounting of a beauty salon can be very exhausting. In this case, it is best to have help from someone who truly understands all the necessary procedures.

So, check out in this article what the accounting processes of a beauty salon are and discover the resources that can facilitate these procedures. Take a look!

Do you know the Partner Salon Law?

Do you already know the Partner Salon Law? It is Law No. 13.352/2016, created in 2016. It serves to regulate labor relations in beauty salons and barbershops. That is, it acts to avoid informal relationships between salons and professionals.

In this way, both parties benefit from more security by acting formally, according to the Law. On one hand, professionals gain the legal status of a partner professional and, on the other, the salon sees reduced expenses.

When a salon operates as a Partner Salon, it relies on drafted contracts, avoiding labor lawsuits while paying fewer taxes, without risking falling into the "fine mesh" tax audit.

Weconta transforms your business into a Partner Salon. After all, the company is a specialist in accounting management for beauty salons and other businesses in the same segment. This is because there are certain particularities in this field that only a specialist can handle efficiently.

Company Incorporation

The first step to becoming a Partner Salon and operating in accordance with current regulations is to incorporate a company. To do this, you need to draft articles of incorporation, obtain a state registration, register with the commercial registry, and issue a CNPJ tax ID, for example.

In this way, the activities carried out in the establishment are clearly registered, preventing issues in its operation. In addition, another point that requires attention is the legal nature of the company. See the options available for a beauty salon:

MEI: Some hairdressers work under this category, as an Individual Microentrepreneur. However, in this format, it is not possible to fit into the Partner Salon Law;

Individual Entrepreneur: ideal for those working alone, same legal nature as MEI;
LTDA Company: requires 2 or more partners and an agreement to govern all rights and obligations;
Eireli: similar to the LTDA Company, but requires only 1 partner, demanding a minimum capital of 100x the current minimum wage;
Unipersonal Limited Liability Company: functions as a blend of individual entrepreneur and Eireli, because it does not require such high capital and still protects the entrepreneur's assets.

It is worth noting that the legal nature of the company must be formalized according to each salon's business model, pursuant to the Law. And Weconta has all the technical knowledge to handle the incorporation of your company correctly.

What are the important points of Beauty Salon Accounting?

Without a doubt, the first step is to formalize the business and then check the most interesting and beneficial tax options for your beauty salon. Although Simples Nacional is an alternative with more affordable taxes, it might not be the best option for your business.

In this case, a specialized company like Weconta makes processes less bureaucratic, performs the correct procedures, and gives you more time to focus on other important matters of your business.

After all, there are many important points in the accounting management of a beauty salon, check out some of them below.

Tax Regimes

During the Accounting procedure for Beauty Salons, it is essential to find the best management model for charges and taxes for your type of business.

Only in this way can you save expenses. Furthermore, keeping a Cash Book ensures greater tax savings and lower taxes. Therefore, do not fail to have one.

Financial Management

An organized financial management system for your beauty salon relies on the analysis of several items, such as:

Professional commissions;

Product sales;
Fixed expenses;
Profits;
Contracts;
Complete payroll processing;
Receipts and proofs of all matters;
Among others.

This means that, with organized control, it is possible to monitor finances and discover the best way to use the available resources, achieving better results with your beauty salon.

Taxes of a Beauty Salon

Another point that tends to be a recurring question is what taxes a beauty salon pays. This is because the responsibility for paying partner employees lies with the business.

As well as all taxes, social security, and union contributions. However, the payment amount for each service rendered is established in a partnership agreement. In this way, the entrepreneur guarantees the legality of the entire process.

The Importance of Beauty Salon Accounting

As you have seen, there are many accounting issues that help your business save money and operate in accordance with current legislation. On the other hand, if the salon is registered under the wrong tax regime, it could face labor problems.

Thus, with the support of a specialized company, the entrepreneur will be ensuring the best way to handle the accounting management for their beauty salon. In this way, the entrepreneur also saves time.

This is because Weconta, in partnership with the management system Belasis, automates many routine bureaucratic issues, such as issuing invoices and drafting contracts, for example. In addition, Weconta will take care of all tax, financial, and labor matters, facilitating all the accounting for the beauty salon.

It is worth highlighting that services operate in a customized manner for each type of business. Therefore, talk to one of our consultants right now and let Weconta take care of your beauty salon's accounting, ensuring the best management for your business.