Rs and barbers start out tracking their revenue and expenses manually in a notebook, next they advance to an Excel spreadsheet and finally they find Salon Accounting to help them track their finances. It includes the money we make (revenue), how much money we spend (expenses), and what our net income or profit is.įor a small hair salon, the profit and loss statement is very simple.
Confused by all the financial statements and tax laws to keep your small salon business running? What’s a P & L statement? The profit and loss statement is one of the most important financial documents of small business accounting.
