![]() Here is a simple income spreadsheet template for hair stylists and salons to calculate profit from the goods sold. helps salons to get their daily usage products at a further discounted cost.strengthens the relations with the salon products suppliers, and.It is the most common thing for salons to sell physical products on their premises. That’s why deduct the payment made through gift cards in the income statement and enter the entire amount of gift cards sold in the income spreadsheet. So, if you show your income from gift cards as $5,000 and services worth $3,000, it will either show $8,000 as income from gift cards, or $2000 in discrepancy which results in an accounting error. But you have already received $5,000 this month. You have provided services worth $3,000, and not $5000. But in that month, customers redeemed gift cards worth $3,000 to pay for the services. Now, irrespective of whether a gift card is being redeemed or not, you have already received an income from it.įor example, you have sold gift cards worth $5,000. We have already included income from all the gift cards sold in the salon income spreadsheet. ![]() We have already provided all the equations and formulas for profit calculation in the spreadsheet.
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