All Blogs

All Blogs

Business Advice

Business Advice

Money Matters: How Salon Accounting Can Make or Break Your Sheitel Business

Money Matters: How Salon Accounting Can Make or Break Your Sheitel Business

Money Matters: How Salon Accounting Can Make or Break Your Sheitel Business

Raizy Klein

Raizy Klein

5-Minute Read

5-Minute Read

Let’s be real for a second, when you started your sheitel business, it probably wasn’t because you were obsessed with numbers. You wanted to create beautiful work, serve your clients with heart, and maybe even build something flexible that supports your family and your lifestyle. Totally valid.


But here’s the thing: if you ignore your numbers, your business could be bleeding money, and you wouldn’t even know it. And the stress that comes with that? It’s real and totally avoidable.


Whether you’re styling in a full-blown salon or working from a cozy home setup, accounting isn’t just a “nice-to-have”, it’s the foundation that holds everything together.


It’s not just about taxes or having a spreadsheet you open once a year. Salon accounting means:


  • Tracking your income (yes, even that Zelle payment from Chaya)

  • Knowing your expenses (hello, $100 wig shampoo that somehow disappeared in a week)

  • Understanding your profit (what you actually keep after the bills are paid)

  • Staying organized (so tax season doesn’t make you cry)



Why It Really Matters

You know what’s not fun? Feeling like you’re always working but not seeing the money. Or realizing you undercharged a custom color job because you “eyeballed it” instead of knowing your real costs.


Having a solid accounting system gives you:


Clarity – You’ll know exactly how much you’re making (and spending), so there are no ugly surprises.
Confidence – You can price your services in a way that’s fair and profitable.
Control – You’ll see patterns, like seasonal slow-downs, and can plan ahead.
Peace of mind – Tax season won’t feel like a horror movie. Promise.



True Story: The Sneaky Expenses That Add Up

Let’s talk real life for a second. A client once realized she was spending over $500/month on “little” things: snacks for clients, extra brushes, cleaning supplies, trendy new tools she saw on Instagram. Nothing huge... but added up? That’s $6,000/year. Gone.


When you’re not tracking, those “whatever” expenses eat your profit. But once she started logging every purchase, even the $3 bobby pins, she could see exactly where the money was going and make smarter choices.



How to Get Your Accounting Game Together

You don’t need to become an accountant overnight. But you do need a system that works. Here are a few beginner-friendly tips:


  1. Use a simple accounting app – Wave, QuickBooks, or even a solid Google Sheet can work if you stay consistent.

  2. Separate business + personal accounts – Trust me, this will make everything 10x easier.

  3. Track everything, no matter how small – Yes, even that $4 Starbucks you grabbed between appointments.

  4. Schedule a weekly “money date” – 30 minutes a week to review your income and expenses = game changer.

  5. Get help if you need it – An accountant or bookkeeper doesn’t have to be expensive. Even a monthly check-in with someone who knows their stuff can save you so much stress.



Numbers Don’t Lie

You’re talented. You’re building something amazing. But talent alone won’t make your sheitel business thrive, it needs structure. When your money is messy, your business feels chaotic. But when your finances are clear, you get to make smart decisions, grow with confidence, and actually enjoy the freedom you started this for.


So yes, money matters. And the sooner you get your accounting system dialed in, the faster you’ll feel like the real CEO of your salon.

Get advice to your inbox!

Get advice to your inbox!

Get advice to your inbox!

Subscribe Now

Subscribe Now

More advice for your salon

More advice for your salon

More advice for your salon

Bring WigSuite to Your Salon

Bring WigSuite to Your Salon

Bring WigSuite to Your Salon

WigSuite

TM

© Copyright 2024 - All Rights Reserved by WigSuite