For an onlooker, running a salon may be all about giving perfect haircuts and delivering top-notch services. However, what goes on behind the scenes is much more than that. It’s all about managing the business. That’s where salon billing software comes handy. While it takes care of invoices, tracks money in-flow and keeps a tab on your products, it also handles other day-to-day tasks such as appointment scheduling, marketing, client retention, and so on.
The role of salon software is to make financial transactions smoother, not the other way round. Thus, it’s important to choose software that is GST-compliant.
Goods & Services Tax (GST) has been mandatory in India since July 1, 2017. It’s the duty of salon owners to ensure that their billing system is both efficient as well as legally compliant. With salon GST billing software, invoicing and accounting is simplified.
Why is GST-compliant Billing Software Essential for your Salon?
Just like salon management software is changing the appointment booking process, payments and billing has also changed forever. Gone are the days when salon managers would write handwritten bills and do tax calculations manually. Today, it is all done on the software. Here’s how it works:
- Automated GST Calculation
For services, the GST is usually 18%. The salon billing software is programmed in such a way that it automatically calculates and applies GST to the service. There are no manual calculations needed as there is no human error involved. The invoice amount is clear and transparent.
- GST-compliant Invoicing
The software creates invoices that comply with updated GST regulations. This also makes it easier to file taxes later. At the end of every service, professional invoices are generated that meet all the GST requirements. Every invoice includes a GSTIN (of your business), HSN/SAC codes related to your products and services, a breakdown of CGST and SGST and unique invoice numbers along with the timestamp. Just like you get a bill when you go shopping, a similar invoice is sent to the salon customer too at the end of the service.
- Reduces Errors & GST Penalties
When a salon follows manual GST billing, the chances of a mistake occurring is high. This can lead to fines and GST return rejections. By having a centralised GST billing software, tax inaccuracy on every invoice is reduced, you get to have a digital backup of every transaction, and you get to generate real-time tax reports. This further makes GST filing faster and error-free.
- Retail Inventory Management
A lot of salons sell retail products too. This includes shampoos, cosmetics and other wellness products. Since the software is handling GST billing, it also takes care of inventory levels. After every bill is generated, it auto-updates the inventory levels. This gives you a fair idea of which products in your retail range are your best-sellers. Besides services, the billing software also manages GST on purchases and sales.
- Supports Digital Payment Gateways
The best part of switching to salon billing software is that it integrates with a host of payment gateways thereby making billing faster and completely digital. You can offer your customers enhanced payment options including credit card, debit card, UPI, net banking, gift cards, wallets, etc. It also offers a mixed mode payment option. E-invoicing has become the order of the day. This further supports India’s push towards a transparent, cashless economy.
Benefits of Integrating Salon Billing Software
- Improved Accuracy: The number one benefit of switching to salon software is improved accuracy. It accurately tracks salon expenses and revenue thereby ensuring that your financial records are precise.
- Enhances Client Experience: Today’s new-age clients demand a seamless check-out experience. By switching to a billing system, invoices can be generated quickly thereby leading to faster transactions and satisfied customers.
- Increased Efficiency: In any business, time is money. By integrating billing software, you can streamline the overall billing process. It not just saves time but also reduces any kind of manual errors.
Best GST Billing Software for Salons
Salon360App is the best GST billing software for salons and spas. It is compliant with existing tax slabs, and is user-friendly and intuitive to navigate. It is a trusted software used by leading salons in India. It not just offers customisable invoicing but also has an array of online payment options. Now is the time to grow your salon business rather than dealing with tedious and time-consuming paperwork. Get a FREE demo.
