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Expertise In Salon Industry - Silver Stone Case Study For Digitization

Over the past several years, Silver Stone has provided and implemented cost effective online POS and accounting system on various salons in JRB, Marina, Jumeirah, Zabeel and Sharjah that helped to save 55% of the existing cost of maintaining book of accounts, VAT filing and brought more efficiencies in processes.

How to Increase Salon Revenue?

Salon revenue is the total amount of sales made by a Salon including revenues from Salon services as well as retail products.

How can Salon increase their revenue?

How to design sales staff targets and reward policy?

There are following main ways you can increase your revenue and net profit:

Expand your client base

Increase your average AED sale

Increase your rebooking rate and frequency in which clients visit your business

Reduce your salon expenses

Realistic target for salon staff and remuneration policy

Design packages to target a high amount of retail

Cash Management For A Growing Salon

Arrange a Free consultation session with Silver Stone’s Team today to set a staff budget, discuss pricing policy and explore creative ways to unlock the hidden cash in your Salon. Silver Stone helps you at every step of the way.

In the UAE, majority entrepreneurs are struggling to control their Salon’s budget! They are unaware how to put together a financial plan for their Salon, Spa or Barber shop.

Salon’s business is All about money because that makes your Salon sustainable. Without money you cannot rent your premises, pay your team or order stock.

Growing your Salon business, making more money and feeling well-rewarded for what you like to do is difficult, but it is achievable. Once you have a real control of your current cash and understand where the cash is going, you will be able to create a future plan to reach your financial and business goals.

Silver Stone Accounting & Bookkeeping Team guides everything from calculating your hair Salon prices to different pay structures for artists’ salaries, and much more. You will find proven profit formulas, upselling tips, hacks for igniting your retail sales and Salon KPI guidance and benchmarking. We have even gathered Salon related information from the industry experts to help you smash your financial goals.

Arrange a Free consultation Session with Silver Stone’s Team today to set a staff budget, discuss pricing policy and explore creative ways to unlock the hidden cash in your Salon. We are here to help you every step of the way.

Why Zoho Accounting Software?

Zoho is cloud based accounting software with features of Invoicing, Inventory, Expense tracking, Bank reconciling, Multi users’ access, Reporting and many more. SME’s owners regard Zoho software because it is:

FTA VAT compliant

Straight forward setup

Scalable payment gateways 

Customizable business workflow and templates

Add-ons Integration

Meaningful reports

Mobile app and many more.

Why Timely Appointment Software?

Timely is very user-friendly software for Salon and Spa to:

Measure staff performance i.e. Revenue V staff pay

Handle online and walk in bookings

Manage repeat bookings with multiple services

Manage business via mobile app

Client online booking facility

Friendly automated SMS and email reminder

Integrate with accounting, marketing and payment add-ons

Manage packages and gift vouchers

Reporting by staff performance, services, location etc.

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Why Do Firms Acquire Outsourced Accounting Services In Dubai

Dubai -  A True Business Marketplace

Dubai is a luxurious and expensive place for the visitors, but on the other hand Dubai is also considered as the true marketplace for doing any business. In Dubai, you will find every kind of customer from all over the world in one region and this is the positive sign for doing business and targeting your audience. That's why many companies need the best accounting services in Dubai to cater their financial needs. Best accounting and bookkeeping services helps businesses to make their position more financially strong in the competitive market.

Outsourced Accounting Services In Dubai

In Dubai, many SMEs use outsourced bookkeeping services and accounting services to run their businesses smoothly. They switch to outsourced accounting services to save their costs and become more efficient in working with accounting and financial tools. As they know, the best financial service can also become a competitive advantage of any company. With outsourced accounting services, they render bookkeeping services, VAT refunds, Xero and ZOHO implementation.

Standard Bookkeeping Services

Companies in Dubai rely more on outsourced accounting and bookkeeping services because their standards are high and they are advanced as well. Firms can approach outsourced accounting services at a very smart price in Dubai. Accounting and bookkeeping services in Dubai help the firms to create their own importance and values according to the needs of market adaptation and provide them full support to make better decisions for their business growth.

VAT Refund Services

VAT refund services and VAT compliance service help companies to claim and submit VAT Refunds. They help you to complete all formalities required for UAE VAT registration and for the procedure of VAT Filing.

Advanced Accounting Software

Outsourced Accounting Companies also use advanced accounting software like ZOHO and XERO accounting software with proper enabled accounting functions and reporting procedures to create better, clear and useful audit and financial reports. These software(s) help them to maintain the company's standardized financial structure.

Specialized Accounting & Tax Experts

Outsourced accounting firms have well experienced accounting and tax experts who help firms to keep their financial records and bookkeeping accurately. With outsourced accounting services it becomes more convenient for organizations to manage their VAT as they have specialized expertise in it.

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With Silver Stone, It Is Easy To Claim VAT Refund In Dubai. They Assist You In Providing Complete VAT Compliance Services.

Consult Now | Silver Stone

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Under Silver Stone Supervision, We Can Easily Secure Our Financial Operations With Outsourced Accounting Services.

Silver Stone | Outsourced Accounting Services

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Silver Stone offers XERO Software For Complete Online Accounting Solution. It Is Web-Based Online Accounting Software Designed For Small And Growing Businesses.

Silver Stone | Xero Online Accounting Software

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Silver Stone Is The Best Accounting Firm Which Helps Your Business To Minimize Possible Risks With The Great Advices And Suggestions.

Silver Stone | Outsourced Accounting Services

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Silver Stone Helps You To Prepare Business Audit Reports. Our Reporting Services Record Financial Transactions Accurately And Ensure Financial Records Are Up To Date.

Contact | Silver Stone

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This Video Illustrates A Short Success Story Of Silver Stone Expertise Specifically In Salon Industry. In This Video, Salon Owner Renders The Outsourced Accounting Services Of Silverstone With Proven Cost Saving Strategy Up To 55% And Finds Accurate:

- Day To Day Bookkeeping

- VAT Return Filing

- Software Implementation

- KPIs Reporting

Get Consultation Now: Silver Stone

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Silver Stone has an expertise in Salon Industry. This is the case study which helps you to understand about the cash management Silver Stone does for growing salons and helps them to increase revenues.

Read More: Silver Stone Case Study For Digitization

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Now Prepare VAT Return Files With Our Leading VAT Consultants In Dubai. You Will Admire With Our Best Possible VAT Advices And Trainings.

Contact Now: For VAT Consultation In Dubai

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Silver Stone Suggests Better Growth Opportunities & Helps You To Maintain Business Cash Flows Properly Without Hampering Business Processes and Its Flow.

For Free Consultation: Silver Stone

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With Silver Stone, It Is Easy To Maintain Financial Records More Precisely.

For Details: Contact Silver Stone

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Are You Worried About Your Accounts And Looking For Outsourced Accounting Services So As To Focus On The Business?

Don't Worry!!

Silver Stone Has An Expert Team To Provide Best Outsourced Accounting Services In UAE.

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Get The Best Consultation For Your VAT Filing From Silver Stone.

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Silver Stone Services Helps You To Grow Your Business With A Complete Suite Of Bookkeeping Services. Get Free Consultation Now...

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How Can We Claim Our VAT Refunds In UAE

What Is Value Added Tax ?

VAT is an indirect tax that is applied in all supply of Goods and Services. VAT is suffered by final consumers. Businesses do not suffer VAT burden. Every country has its own VAT laws. UAE also has VAT implementations according to their laws. Different accounting firms also offer VAT Tax Compliance Services to different companies. Because they need assistance in implementing their VAT in the accurate manner in UAE.

Those assistance firms provide accurate assistance with the help of their VAT experts. They have a better understanding of business models to build best VAT implementation plans. New Value Added Tax (VAT) introduced on January 1st 2018. VAT applied on all transactions of goods and services at the rate of 5 percent.

The main aim of implementing VAT by the UAE government is to decrease their dependency on oil and other hydrocarbons.

VAT Implementation Impact on Consumers Behavior

As the survey result it reveals that in the first quarter of 2019 21 percent of consumers responded that they were becoming more confident about their finances as compared to quarter three and quarter four of 2018. This indicates that people are becoming more comfortable with their current financial situation.

VAT Refund Procedure

Firstly, all registered businesses or companies must file a VAT return. It provides the details about the sales and VAT input/output which is paid while the time of tax.

If the input is lesser than output VAT, the difference of VAT must be paid to FTA (federal Tax Authority). If the output VAT is lesser than input VAT, the business owner can claim for VAT refund. As per UAE law any taxpayer can claim for VAT refund.

In UAE this is the feasibility to the taxpayers that they can register their businesses through the online website of FTA. Taxpayers receive email notification from FTA after submission of details.

Benefits To Consumer

As per UAE law, businesses are enabled to claim VAT refund after registering their businesses under VAT and charged VAT on 5 percent reasonably. If any amount of VAT inappropriately charged on goods and services are not refundable.

Another benefit given by the government to their tourist VAT refund rule passed on 18th November 2019. It enables the tourist to make purchases but they can claim a VAT refund that has been charged on their purchases. This benefit draws the positive image of the country and attracts more tourists to visit in their country. Tourism is another way to earn revenue for the country. Tourists can claim refunds at Abu Dhabi, Dubai, and Sharjah International Airports. Each traveler is entitled to cash backs worth up to Dh10,000 daily, with a 15 percent administrative fee and 4.8 percent tag fee per claim.

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Silver Stone Offers Best Outsource Accounting Services For Organizations Existed In Dubai. Get Free Consultation Now...