Separate professional transactions
It seems this is a not so important piece of advice. After all, with our modern computers and affordable computation, you can manage your finances any way you want, right?
That was my exact line of thought when I first started freelancing... until I faced the reality of my first tax report.
I could have saved a lot of time - time I didn't want to waste looking for receipts and dealing with three different bank accounts.
With a single, dedicated business account, there's no need for that mess.
Everything is precisely where it should be: with your professional transactions. And to make this process even smoother, knowing the basics, like saving your receipts immediately, can make a world of difference.
Now, don't get me wrong. I understand the why of using personal accounts for quick business expenses or accepting a freelance payment.
But the clarity of keeping transactions separate? It's priceless. And this clarity is a step towards conquering the complexities of freelancing.
Thinking of a simpler way to handle your freelance money? Before diving into tools like momo.coach, consider adopting good habits, like setting up a dedicated cash account.
Ready to streamline your financial journey? Try momo.coach's free 30-day trial today.