5 Tips To Managing Expenses
With that in mind we would like to share an article we recently came across aimed at contractors that really puts the point across well. Here, FreeAgent's chief accountant Emily Coltman gives five top tips to help make sure you don't miss out any of your expenses as a freelancer.
As a freelancer you'll almost inevitably spend money out of your own pocket on your business's costs, writes FreeAgent, an online provider of accountancy software to freelancers. It's important to keep track of all this money, partly to make sure you dont pay more tax than you should, but also because the costs you pay out of your own pocket still count as costs of the business, so if you don't track them, you could think your business is more profitable than it is which means you're at risk of charging too little, or running out of cash!