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Bookkeeping for Freelancers: How to Handle Your Finances

The secret to becoming a successful freelancer? It all starts with bookkeeping —and it’s easier than you think!You don’t have to be a math wiz or budding acc...
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Platform: Skillshare
Video: 38m
Language: English
Next start: On Demand

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Description

The secret to becoming a successful freelancer? It all starts with bookkeeping — and it’s easier than you think!

You don’t have to be a math wiz or budding accountant to better understand and manage your business’s revenue and expenses. In this easy-to-follow class, Bench’s Emily Simcox demystifies bookkeeping and provides you with the tools you need to take control of your finances. Emily’s straightforward, step-by-step process will help you understand your options and plan your next steps with ease.

You’ll learn how to:

  • Choose the right bookkeeping method for your business
  • Easily categorize and track your expenses
  • Stay organized throughout the year

Whether you’re a freelancer getting ready to invoice your first client or a small business owner looking to organize your business’s spending and expenses, you’ll gain an arsenal of tools to help you streamline your finances and optimize your bookkeeping. After taking this class, you’ll be better positioned to make decisions with confidence, grow your business, and focus on the work that matters.

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Bench is North America’s largest bookkeeping service for small businesses. We give you a team of bookkeepers to do your books, and intuitive software to monitor your financials. It’s everything you need to do your bookkeeping—without actually having to do your bookkeeping.

Skillshare users receive 20% off your first 6 months of bookkeeping with Bench. CLICK HERE to redeem.

You will learn

Consider your bookkeeping strategy and share!

Share your bookkeeping strategy in the project gallery. It’s different for everyone — how do you handle your small business’s finances? Consider:

  • Cash vs accrual accounting
  • Double vs Single-Entry
  • How you handle your personal vs business expenses
  • What categories your transactions fall under
  • Do you do it yourself, or hire a bookkeeper?

Share what’s worked for you and what you plan to do differently in the future. This can be a confusing area of business for freelancers and business owners alike — let’s share our learnings and help each other grow!

Connect with Bench

  • Learn more about Bench on their website, Twitter, Facebook, and Instagram

Resources from the class

  • Bench’s Income Statement Template
  • Bench’s Small Business Accounting 101: A Guide for New Entrepreneurs
  • Accounting Software: Quickbooks, Xero, Wave, Excel
  • How to Use Excel Spreadsheets for Small Business Accounting
  • Digital receipt storage options: Evernote, Expensify, Shoeboxed

Dive deeper with Bench’s blog, including:

  • Bookkeeping Basics for Entrepreneurs 
  • Signs You Need to Hire a Bookkeeper
  • What Does a Bookkeeper Actually Do?
  • The Big List of Small Business Tax Deductions (and How to Claim Them)
  • Cash Basis Accounting vs. Accrual Accounting
  • Reduce Your Small Business Tax Bill
  • How to File for a Federal Tax Extension
  • How to Automate Your Accounting Admin

Explore More Classes on Skillshare

  • Freelancing for Creatives: Strategies & Resources from First Leap to Finances — Margot Harrington
  • Accounting Fundamentals: Understanding Financial Statements — Matt Cooper
  • Going Freelance: Building and Branding Your Own Success — Justin Gignac & Claire Wasserman
  • Building Your Freelance Business: From First Steps to Getting Paid — Oliver Ginsburg

Requirements

There is no prerequisite, anyone can begin this course.. This course is also great for beginners without any Bookkeeping knowledge.

This course is for

This course is suitable for beginners.
Training Team Lead @ Bench
Training Team Lead @ Bench
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Platform: Skillshare
Video: 38m
Language: English
Next start: On Demand

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