Finance for Freelancers

Finance for Freelancers

Martha Retallick

Language: English

Pages: 56

ISBN: 2:00105211

Format: PDF / Kindle (mobi) / ePub

Getting on top of your finances doesn't have to be a headache. Freelance veteran Martha Retallick makes finance and accounting concepts fun and friendly.

Greetings from sunny Tucson, Arizona! My name is Martha Retallick, and I'm the author of Finance for Freelancers.

I wrote this book to make financial and accounting concepts fun and friendly. Since we freelancers are going to have to deal with these things, we might as well enjoy the experience, right?

Okay, I hear what you're saying. You're a creative person, not a numbers person. You'd do anything to avoid dealing with the financial side of your business.

Don't worry, this will be painless. And you might even find yourself turning into a numbers geek. And why not? It's your business that we're talking about!



















triangular shape. (Take that, Square!) Dwolla is a new payment system that avoids the Automatic Clearing House (ACH) system that American business people love to hate. And if you're one of the credit/debit card-accepting legions, you know ACH all to well. ACH features clunky 20th century technology that costs U.S. businesses around $50 billion a year — just for moving money around. To get around this three-letter behemoth, Dwolla eliminates the use of credit and debit cards and only charges

court, or whatever your country's equivalent is. You don't need a lawyer, but you will need excellent documentation to show to the judge. By this, I mean signed contracts, records of your attempts to contact the client (save those e-mails!), examples of completed work (don't delete those project work files!), and anything else that could help you win your case. Just keep in mind that winning your case means just that. You still have to collect the money. If you have clients who fall into the

that you don't want to lose. (Investment money is your risky money. Meaning that you could lose all of it.) "Paying Your Business Bills" Accounts. You might be like a lot of us in that you have a checking account at a bank and another account with an online payment system like PayPal or Google Checkout. Paying Yourself. Whether you're transferring money between your business and personal checking account at the same bank — and, yes, you should keep these accounts separate — or writing a check

been trying to find prospects in this organization, and it's been difficult. A few months later, I acted on that factoid by sending him an e-mail. He responded, saying that he'd like to tell me about his current work. I figured that he'd been promoted again. We met at a local restaurant, and wouldn't you know it, he'd been fired by the aforementioned organization. He was embarking on a new career in life insurance sales. Let's just say that he didn't put it that way. No way. He was offering

the functions that do apply. And what might those primary functions be? Here are the Finance for Freelancers Greatest Hits: Invoicing. This one's in first place because every freelancer loves getting paid. Recording payments received for invoiced work, and depositing the funds into your bank account. Writing checks or logging electronic payments via online services like PayPal. Because the people who do business with us also love to get paid. Tracking time spent on projects. If you bill

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