![Essential Guide to Bookkeeping for Freelancers: Everything You Need to Know + Step-by-Step Tutorial [English Subtitles]](https://i.ytimg.com/vi/FmdpQzURvDQ/maxresdefault.jpg "Essential Guide to Bookkeeping for Freelancers: Everything You Need to Know + Step-by-Step Tutorial [English Subtitles]")
Bookkeeping for Freelancers: What You Need to Know + Basic Tutorial
As a freelancer, managing your bookkeeping can be a daunting task. However, it is essential to have a clear understanding of your finances in order to run a successful business. In this article, we will discuss the basics of bookkeeping for freelancers and provide a brief tutorial on how to get started.
Bookkeeping is the process of recording and organizing financial transactions for a business. This includes keeping track of income, expenses, and other financial activities. Maintaining accurate and up-to-date records is crucial for managing cash flow, preparing tax returns, and making informed business decisions.
The first step in bookkeeping for freelancers is to separate your personal and business finances. This can be done by opening a separate business bank account and using it exclusively for business-related transactions. This will make it much easier to track your income and expenses, as well as to prepare your tax returns.
Next, you will need to establish a system for tracking your income and expenses. This can be done using a simple spreadsheet or accounting software. You should regularly record all of your business income, including payments from clients and any other sources of revenue. You should also keep track of all of your business expenses, such as office supplies, software subscriptions, and travel costs.
It is important to keep all of your receipts and invoices organized and easily accessible. This will make it much easier to reconcile your financial records and to provide supporting documentation in the event of an audit.
When it comes to tax time, you will need to report your business income and expenses on your tax return. This will require you to have accurate and well-organized financial records. By maintaining good bookkeeping practices throughout the year, you can minimize the stress of tax preparation and ensure that you are taking full advantage of any available deductions and credits.
For those who are new to bookkeeping, there are many resources available to help you get started. There are numerous books, online courses, and tutorials that can provide you with the knowledge and skills you need to manage your finances effectively. In addition, you may want to consider hiring a professional bookkeeper or accountant to help you set up your bookkeeping system and provide ongoing support.
In conclusion, bookkeeping is an essential aspect of running a successful freelance business. By establishing good bookkeeping practices early on, you can ensure that your finances are well-managed and that you are in compliance with tax requirements. With a little time and effort, you can gain the financial clarity you need to grow your business and achieve your goals.
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I’m also planning to shift my career in freelancing from audit assurance idustry as Manager. I really wanted to try this if this really give me peace and to have a work life balance.
Exactly what I ask my Clients but Im in Sales in QuickBooks Live Bookkeeping
hi maam hope you could help me how can i start as bookeeper po
Correction po: magpaturo po hindi magturo.
Hi.how po to be part of your team.tjank you.
Hello..intetestedvpo ako
Very inspiring talagang hindi malayong maging successfull c ate kasi adapt nya ang changing game
Very inspiring and encouraging…Am planning to try bookkeeping online. Working as a bookkeeper for how many years with private companies may help me try this book keeping online…thank you to this video…
IAM blessed dahil na panood ko po itong vedeo na ito.nag aaral po kc Ako Ngayon at abm Ang kinuha ko kaya glory to GOD at may idea na Ako kung sakali mag apply na Ako ng work good bless po sa inyo❤❤
Hi boss sui, thank you so much for this inspiring video. For the beginner like me this will be a big help for us to learn . To be honest maam i also experienced to apply in a dating app . But when i read and learn this dating app i quit. Im also a account supervisor for almost 8 year and i need to decide na mag resigned so as of now 3 mos na ko full time mom .. and starting mag aral ng virtual asst. Sana matulungan nio po ako salamat i think bookkeeping fits on my experiences.
Thank you for sharing! I'm thinkng of trying to apply for this virtual bookkeeping job. But currently im a working Mom. I handle AR & AP. Nakaka inspire ito naka ilang view na ako nito. Parang related pla ng work ko today sa bookkeeeping process. I want to do the whole process of bookkeeping. For now kasi I do AP, Bank Recon & other financial acctg work. I want to learn sa payroll & tax compliance. Yun lng wala ako quickbook knowledge.Thanks again & i hope to wacth more videos from you to learn more before deciding to go online jobs.God bless!
Thank you so much for this vlog. very inspiring! I am looking for a job as a remote bookkeeper with a little knowledge in quick book. With your interview with Ms. Abi, I know I can do this. thank you so much. I really hope that you can also accept me in your group so that I can have a client too. God bless you both.
How to join your team po kahit parttime lang sa gabi.after work
I have a 5 years of Accounts Payable exp and I wanted to try Book keeping .May I know if this is the same job or Book keeping is different?
Thanks for the informative vlog.
I am one of the aspiring Virtual Bookkeeper but just only a beginner. And I am very willing to learn the process to be one.
Do you offer online courses?
Hi Boss Sui, I am currently a cashier is their any chance that i can be a bookkeeper?
Hi. Im interested in online bookkeeping but i dont have any experience. Can you give me some legit online seminars? Thanks
I really wanted to resign but lost what freelance job to try. Then found this. Thank you so much for this!
Hi boss sui! Can you give me or recommend some client or company. New certified bookkeeper here. Thank you
Hi boss, pede po ba mag-bookkeeping kahit engineering course? Pero nagseminar na po ako ng bookkeeping class.
Please say thank you to abie . Dahil sobrang bait niya for sharing.
Im one of the Aspiring VA, I really wanted to be a bookkeeper hope to be like you Abie soon
Inspiring talaga , google university major in hype minor in fake it till you make it
ma"am Sui pa add po sana sa gc nyo. thanks