Basic Bookkeeping & Accounts?
Looking for some tips for basic bookkeeping and accounts. My sister recently started mobile hair and beauty and would like to do her accounting for her as it will be good to add to cvs and university personal statements. What are the things I should be doing and keeping track of
You need to keep track of everything which has to do with her business and nothing else (personal expenses are to be ignored). I guess you should just use the cash basis to keep it simple. Record all the money she makes from doing hair and beauty, and all her expenses related thereto, e.g. cost of perming lotions, utilities, shampoo, hair dyes, etc. What she takes in minus what she pays out would be her profit. Later on, you’d need to know about fixed assets, e.g. hair dryers, seats, etc, as well as inventory of hair products.
A-1 Mobile Notary & Bookkeeping, Lake Charles, LA, 3 Wheel Scooter, The Auto Moto
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