What We Do

Benchmarking

Along with completed monthly financials you will receive a Benchmarked P&L, which allows you to compare your business to the industry standards.

Click here to download a sample template.
Month End Close Process

Enter all Bank and Credit Card transactions.

All accounts are reconciled on a monthly basis; including Cash, Credit Cards, Inventory, Gift Certificates, Series Sales and Loans.

Record Income and Cost of Goods Sold.

Break down Payroll Journals by Department.

Break down invoices for product purchases and expenses accordingly, (i.e retail, back bar, testers, shipping).
Financial Statement Preparation and Analysis

Customized Income Statements and Balance Sheets provided monthly with unlimited consulting.
Sales Tax Prep

Sales Tax forms will be completed on a monthly/quarterly basis.
Inventory Control

Consult on physical inventories and best practices for inventory maintenance.
Year End Tax Prep

WCFS will help you to prepare for tax time. We will provide your Tax Accountant with Fixed Asset Listings, Leases, Loans, Year End Financials and any other requested items.
Company Setup

We assist in creating Online QuickBooks companies or converting you from a desktop to an online version. All accounts are specifically designed for your Salon/Spa. Finally, you can make your financial statements meet your business needs.

Payroll Assistance

World Class Financial Services will organize and input payroll information and process through your preferred payroll company.
Cash Flow Management/Bill Pay

Periodic updates to cash flow spreadsheets. Invoice/bill processing including check runs and/or online payments.
New Consultation

WCFS assists new salons and spas with initial setup including payroll, credit card merchant processing, QuickBooks Online, sales taxes, inventory and more.
Additional Resources

References are available for Tax Accountants, Credit Card Merchant Services, Legal, Payroll Processing, Banks and Financial Planning.

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