Set up your accounts so you always know where your money is.
At your salon, you’re taking payments all day. It feels good to deposit all that money at the end of the day.
But when it comes to making payments, do you ever find yourself bouncing checks or not being sure you have the balance you need to cover an online payment, even though you know you made more than enough money that month?
The problem is that your salon’s customers pay many different ways: Some with cash – which clears immediately; some with checks – which can take several days to clear; and some with credit cards – which can take anywhere from 24 hours to four days to be deposited into your account, depending upon the type of card used.
Constantly monitoring your salon’s bank account to track when payments are clearing is a waste of time. You need a reliable and proven method to ensure that your payments and payroll are covered without having to spend valuable time constantly accounting for every dollar. Read more …