It’s 2023, and facial aesthetics popularity is at an all-time high. Just scroll through Instagram — how you look is incredibly important to influencers and celebrities alike. As a busy clinic with trusting clients, you need to know your finances are handled.
But with only so many hours in the day, it can be hard to find the time to get your money where you want it to be. Maybe you’ve been really successful, but you’ve got no idea how much money you’ve actually made.
As experts for facial aesthetic firms, we’ve seen it all before. It’s a high-pressure world, but if your money is sorted, everything is so much easier.
Get your bookkeeping sorted
Facial aesthetic firms are often run day-to-day, with limited time for any management of financial data. The easier it is to compile, the better.
Having a detailed set of books will give you greater control over your cashflow, ensuring you have sufficient funds to meet your obligations.
This will involve monitoring inflows and outflows, maintaining appropriate working capital, and implementing strategies to address any cashflow gaps.
Using cloud software is a must — it will improve your efficiency and give you time and energy you can use elsewhere.
And with a host of reporting tools at your fingertips, you’ll find it easier to spot trends and incorporate ideas into a business plan.
Bookkeeping is vital — when all your financial records match up, you’ll have complete peace of mind and more time for your clients.
Financial management
Equipment and running costs are expensive. Whether that’s your building rental, your syringes and needles, or the IT systems used to keep everything going, anyone who runs a clinic is all too aware of the large monthly outgoings.
With an accountant in your corner, you can plan with clarity and consistency, avoiding financial stresses and giving you the time you need to continue providing excellent service.
We’ll look closely at your accounts to find where you could save and ensure no tax planning opportunity is overlooked.
We’ll also make sure you’re compliant with financial regulations. Private surgical firms must comply with various financial regulations, such as those set by the Financial Conduct Authority (FCA), the Companies Act, and other relevant laws.
Data protection and privacy may be required as part of compliance requirements, such as maintaining appropriate financial controls.
Build a plan
With your books taken care of and your firm running smoothly, creating a business plan is the best way to expand your operation.
We’ve helped many owners create strategies designed to wow investors with the specific characteristics of your business.
No matter what your vision is for the future, working with an accountant means having access to someone who’s seen what works in other businesses. Knowledge and experience go a long way in business, and facial aesthetics is no different.
Giving you time to make a difference
Ultimately, hiring an accountant is up to you. However, the proof is in the results — just like a successful procedure.
Whatever you decide, having your finances under control will give you peace of mind, if nothing else. You’ll feel as fresh-faced as one of your clients.
Give us a call today to talk about your facial aesthetic firm, and where we can help.
