Hey Pam!

 

Here is a printout of my general ledger...and the accounts I use. Hope
something here inspires someone!!!

 

Best,

 

Karen Hodges

Key West

 


Income

 

Sales:01-Makeup&Cosmetics


Sales:02-Bath & Body


Sales:03-Accessories


Sales:04-Jewelry


Sales:05-Nail Care


Sales:06-Skin Care


Services:Nail Care


Services:Other Services


Services:Skin Care


Services:Waxing


Tips 

 


Cost of Goods Sold

 


Displays & Testers


Gift Wrapping & Bags


Jewelry Findings


Professional Products:NC-Professional Products


Professional Products:SC-Professional Products


Research & Development

 

Expenses

 


Automobile Expense


Bank Service Charges


Computer Expense


Contract Services


Contributions


Credit Card Fees


Insurance:Insurance-Medical


Insurance:Liability Insurance


Interest Expense


Interest Expense:Finance Charge


Licenses and Permits


Marketing & Promotions


Miscellaneous    <---(try not to use this one-temporary holding place until
I can decide what to do with a weird expense)


Postage and Delivery


Printing and Stationery


Professional Fees:Accounting


Rent


Repairs & Maintenance:Equipment Repairs


Repairs & Maintenance:Janitorial Exp


Salon Decor & Upkeep


Staff Welfare & Benefits


Supplies & Equipment


Taxes:Federal


Taxes:State Sales Tax


Travel & Ent


Travel & Ent:Meals


Travel & Ent:Travel


Utilities:Electric


Utilities:Phone


Warranty Work


 

 

 

  _____  

From: [email protected] [mailto:[email protected]] On Behalf
Of [email protected]
Sent: Saturday, February 14, 2009 9:58 PM
To: [email protected]
Subject: NailTech:: Re: taxes

 

I've been working on my taxes also.  Can other booth renters/salon owners
specify what they have on their expense sheet?  I have a column for phone,
supplies, sales tax collected and paid, rent, office supplies, postage,
advertising, bank fees.  Oh, and mileage!  My acct informed me that when I
go to the beauty supply, the mileage is DEDUCTIBLE!  Why, oh WHY didn't the
other acct I had for 20+ years ever inform me of that little detail!  At
something like 50 cents a mile, and the beauty supply being 13 miles away,
(round trip is 26 miles!)  Holy Crimole!  Geesh!  When I think of all the
deductions I didn't get for all those years!  :-(   Anyway, suggestions?  
Thanks!
Pam
Nail Designs 
Ohio 


-----Original Message-----
From: [email protected]
To: [email protected]
Sent: Sat, 14 Feb 2009 7:49 pm
Subject: NailTech:: taxes

Ouch!  Yes I know taxes are a 4 letter word, LOL.  I just did my income and
expense sheet to do my taxes and talk about depressing.  (I was a booth
renter.)  I won't bore you all with the particulars, but let's just say we
have more money now that I don't work than when I did.  Sigh....

Kathryn


**************
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