Salon Business News

Summit Salon Services Business Center-Financial Services Division

November 7, 2012 | 10:51 AM
800-718-5949 or 763-478-9787 •
OWNERS: Glenn Baker, Heather Bagby, Michael Cole, Frank
Gambuzza, Dave Kirby, Randy Kunkel, Sharon Kunkel, Peter
Mahoney, Scott Missad, Galvin Salsbery and Kristi Valenzuela

SSBC’s Financial Service Division offers salon and spa owners turnkey financial services, including monthly financial statements and management reports which include income statements, balance sheets, and management reports with documented analysis of revenue, direct costs, gross profit, fixed costs, net income and balance sheet current ratio.

WHY WE’RE DIFFERENT: SSBC Financial Services is a dedicated accounting department for the salon industry. In addition to accounting services, we offer lease negotiations. There is no substitute for experience. Our consultants have knowledge gained from hundreds of lease negotiations. Get the most out of your lease and your space. Exit Strategies: Don’t go out with a whimper. Build an exit plan that will allow your salon to retain and grow key employees while creating financial freedom for you and your family. Consolidated Financial Statements for Multi- Location Salons: Our staff will work with you to prepare one easy-to-read statement. No more late nights reviewing multiple reports! Year-End Tax Preparation: With all of your information in one location tax preparation has never been easier or more convenient!

HOW WE WORK: With a proven track record in successful financial management within the beauty industry, SSBC Financial Services is excited to offer you the following: An accountant who will work with you and your SSBC Business Consultant to help improve your business, including: confidential, accurate, detailed, financial statements that mirror the budget guidelines learned at The Summit; Salon-industry-specific chart of accounts; Prompt results emailed directly to you; Monthly analysis of financial statements, giving you the tools you need to improve the profitability of your business; Monthly Balance Sheet reconciliations, including bank reconciliations; Accrual accounting, matching revenue and expenses for more accurate and relevant results; Consolidation reports for multi-locations salons; Preparation of year-end financial package for your tax preparer.

BETTER BOTTOM LINE IN 2013: Stay on top of your budget and fi nancials! Our financial experts will help you understand your business.

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