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Owner’s System Accounting
Over 28 years of accounting systems for a variety of spa business types and sizes has been streamlined to ensure that all specific accounting data has a purpose and practical application to managing the business on a daily, weekly, monthly and annual basis.
- Spa utilization
- Daily spa revenues
- Mix of services (Facial, Massage, Nail)
- Cost of services
KEY DIFFERENTIATORS
Financial Controls and Accountability Systems – A profitable spa business is extremely reliant on systems and controls. We provide the systems and controls that flag deficiencies in the business in a timely manner to make adjustments before it can have a far reaching negative impact on the bottom line.
Preparation of Revised Budget – The application of our successful parallel financial model cross-referenced with an existing operating budget. In doing so, we identify inefficiencies and a detailed line item disclosure.
Business Percentage Controls – We are 28 years of proven profitable financial budgets and actuals that have been applied to various spa operations, from 2000 square feet to 15000 square feet, all of which have been free standing businesses.
Develop daily Z report – This report will give a snapshot of the previous day’s business that can be helpful in seeing trends and needed points of focus for the daily business moving forward.
Develop utilization report – A report that will detail service efficiencies and effectiveness of service mix by room classification.
(Often able to reallocate a non-productive space and turn it into a productive space.)Product controls systems – Systems that will flag theft, overuse or misuse of product.
Monthly financial statement formatting – A consistent financial statement tied directly to the daily accountability systems as it relates to breakdown in revenues and expenses.
Cost Control Analysis – What costs you can control and what systems can be put in place to do so?
Inline Expense Control – Are your expenses too high vs. business?