If you’re selling retail products like shampoos, lotions, hair oils, etc. Note: Add items that you’re using in salon operations and not for selling purposes. Some of them are industry specific, while some a common for all types of salons. The salon needs a large number of inventories to run the business. Include admin and front desk employees’ salaries, too. If you have per-hour salon staff, calculate hours worked and per-hour rate. SalariesĪdd monthly salaries, commissions, and tips. Here’s a detailed article on 3 cost-cutting secrets for salons. We have included the most common expenses for every salon, irrespective of their nature, i.e., hair, beauty, or nail salon. Other income (if any): If you have any other income such as selling video tutorials, subleases, interest, etc.But irrespective of the service provided, you have still made an income just by selling them. Because these gift cards may or may not be redeemed yet. Revenue from gift cards sold: Keep all the gift cards sold amount here, under a separate head instead of having them added to the services sold.It works if you have a low number of transactions. This is a complicated calculation, but to simplify it, we have included net profit from the product sold.
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