just bought two salons that are up and running!!

MALIBU TAN · 01-11-2006, 08:08 PM

Hello my name is Chase Mitchell, and I recently purchased two tanning salons in very nice areas of town.. They are well established and have plenty of business.. Should I pay to have the payrol done... ? Is the eft stuff hard to learn or should i have somebody do that too?

i would love to keep a low overhead!!!

West Side Tanner · 01-12-2006, 04:27 PM

Do it yourself, Quickbooks.

HotSpots · 01-12-2006, 06:15 PM

ditto

tnannie · 01-12-2006, 07:09 PM

What they said ^^^^

tnannie · 01-12-2006, 07:13 PM

I only have one salon, but this stuff isn't that bad to do yourself. Give it a shot atleast. You can always hire it out later if it ends up being too much. A program like Quickbooks will make life easier for you tho. Good Luck.

clubtan1 · 01-12-2006, 07:16 PM

If you do EFT's yourself, you are limited to just credit card debits. Drafting from a checking or savings account requires a Federal Reserve approved source. Lets say you could establish 300 EFT's per month. That's a lot of credit card inputs to be done by yourself.

tnannie · 01-12-2006, 07:19 PM

You're right Club, I was thinking payroll. Didn't even think about the second half of the question.

clubtan1 · 01-12-2006, 07:23 PM

and I do agree with you about Quick Books. Great tool in handling payroll as well as seeing your day to day P&L. Wonderful!!!! Also good for handling quarterly taxes you give to your accountant plus the end of year tax information is easy to get. Just make an "Accountants Copy" of the last year and hand it to your CPA

MALIBU TAN · 01-13-2006, 11:56 PM

Thanks for the tips! I appreciate it

WSLover · 01-18-2006, 11:52 AM

I personally prefer Peachtree over Quickbooks...

01-11-2006, 08:08 PM	#1 (permalink)
MALIBU TAN Join Date: Jan 11 2006 Location: Franklin Tn, Murfreesboro Tn Posts: 6 Rep Power: 0	just bought two salons that are up and running!! Hello my name is Chase Mitchell, and I recently purchased two tanning salons in very nice areas of town.. They are well established and have plenty of business.. Should I pay to have the payrol done... ? Is the eft stuff hard to learn or should i have somebody do that too? i would love to keep a low overhead!!!

01-12-2006, 04:27 PM	#2 (permalink)
West Side Tanner Join Date: Dec 27 2003 Location: Florida Posts: 2,548 Rep Power: 5	Re: just bought two salons that are up and running!! Do it yourself, Quickbooks.

01-12-2006, 06:15 PM	#3 (permalink)
HotSpots Join Date: Oct 8 2004 Location: ri Posts: 228 Rep Power: 5	Re: just bought two salons that are up and running!! ditto __________________ Hot Spots Tanning http://www.hotspotstanning.com

01-12-2006, 07:09 PM	#4 (permalink)
tnannie I love Derf!! Join Date: Aug 16 2004 Location: nunya Age: 43 Posts: 3,215 Rep Power: 93	Re: just bought two salons that are up and running!! What they said ^^^^

01-12-2006, 07:13 PM	#5 (permalink)
tnannie I love Derf!! Join Date: Aug 16 2004 Location: nunya Age: 43 Posts: 3,215 Rep Power: 93	Re: just bought two salons that are up and running!! I only have one salon, but this stuff isn't that bad to do yourself. Give it a shot atleast. You can always hire it out later if it ends up being too much. A program like Quickbooks will make life easier for you tho. Good Luck.

01-12-2006, 07:16 PM	#6 (permalink)
clubtan1 Join Date: Jan 31 2005 Posts: 3,317 Rep Power: 42	Re: just bought two salons that are up and running!! If you do EFT's yourself, you are limited to just credit card debits. Drafting from a checking or savings account requires a Federal Reserve approved source. Lets say you could establish 300 EFT's per month. That's a lot of credit card inputs to be done by yourself.

01-12-2006, 07:19 PM	#7 (permalink)
tnannie I love Derf!! Join Date: Aug 16 2004 Location: nunya Age: 43 Posts: 3,215 Rep Power: 93	Re: just bought two salons that are up and running!! You're right Club, I was thinking payroll. Didn't even think about the second half of the question.

01-12-2006, 07:23 PM	#8 (permalink)
clubtan1 Join Date: Jan 31 2005 Posts: 3,317 Rep Power: 42	Re: just bought two salons that are up and running!! and I do agree with you about Quick Books. Great tool in handling payroll as well as seeing your day to day P&L. Wonderful!!!! Also good for handling quarterly taxes you give to your accountant plus the end of year tax information is easy to get. Just make an "Accountants Copy" of the last year and hand it to your CPA

01-13-2006, 11:56 PM	#9 (permalink)
MALIBU TAN Join Date: Jan 11 2006 Location: Franklin Tn, Murfreesboro Tn Posts: 6 Rep Power: 0	Re: just bought two salons that are up and running!! Thanks for the tips! I appreciate it

01-18-2006, 11:52 AM	#10 (permalink)
WSLover Join Date: Dec 1 2005 Location: Indiana Posts: 12 Rep Power: 0	Re: just bought two salons that are up and running!! I personally prefer Peachtree over Quickbooks...

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