Why You Need to Record all Your Income and Expenses as a Makeup Artist

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Today, we will be talking about two key  features on Dillali that help makeup artists manage their finances better; Income and expense recording. As a makeup artist, you have the full responsibility of managing yourself, your clients, and your business. It’s not an easy process. 

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Track your Income and Expense with Dillali

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Bouncing from client to client can be tedious and time consuming, so you can expect that losing track of your cash flow could happen easily. That’s why keeping track of all the revenue you make is important; it lets you know what your income is, and from that you know if you’re generating profit or not. Recording your business-related expenses is also imperative, because you get to weed out unnecessary business expenses. On Dillali, all recorded cash flow will be automatically calculated and summarized for you to save you the time and hassle of calculations so you can put all your energy into beating faces right. 

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Consistent record-keeping makes for an easy forecast. You get a breakdown of your losses and profits on your dashboard when you record your income and expenses. What this helps you do is know the products that incur unnecessary costs and what decisions you need to review for maximum profit. If after studying your reports, you realize that sales are lower than you thought, you can consider investing in fewer products or reviewing your prices until you are making your money and profit back. There is no need to buy various eyeshadow palettes if they won’t make you back your money. 

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In conclusion, Do not leave your business to guess work. Sometimes, it may feel as if you are working and earning a lot. While in reality, you could be working very hard, needlessly, and putting back money into products instead of making profit. To avoid being the disorganized makeup artist who works, buys new products, but makes little to no profit, record your income and expenses on Dillali. You will be able to get insights that will let you plan better, and to ease your stress and make better financial decisions that will make you and your brand grow. 

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