Accounting Tools Relevant for Freelancers

by | Sep 8, 2023 | Accounting Articles, Audit and Accounting Firms, Business Growth, Earn Money online

Accounting tools Relevant for freelancers.

Introduction

Accounting Tools Relevant for Freelancers should be easy to use since several freelancers don’t have wide accounting knowledge.

As a freelancers it is however, essential that they know what accounting tools all are about. Accounting Tools are software that enables businesses to track and record financial activities in compliance with legal and taxation regulations.

It integrates several source documents like purchase order, invoice, bank reconciliation statement and so on together in one place. Also, because they have more valuable things to do than keeping accounting records. Moreover, they should have essential accounting functions, like expense tracking.

Furthermore, the only features useful to freelancers are tax calculation, mileage tracking, tracking number of orders. In addition, invoice tracking and having the accounting tools on cloud-based, which makes it easier for freelancers to manage.

How much money can freelance professionals make per year?

If you’re interested in freelancing, various types of work are available. Typically, professions that require more technical skills can earn more for freelancers.

In USA, there are 57 million freelancers’ (51%) say no amount of money can entice them to take traditional job. They enjoy the following.

  • Flexibility and
  • Ability to work and stay in any location.

CNBC report shows that the average hourly rate and annual salary for most in-demand freelancing jobs as stated below. This article put forward 13 professional freelancers with average hourly expectations..

  1. Writers: On average, a freelance writer earns $30-40/hr or around $42,000 annually.
  2. Editors: Freelance editors usually earn around $25 to $35 per hour, an average yearly salary of approximately $40,000.
  3. Programmers: Freelance programmers across different languages earn $60-70/hr or $120,000 annually.
  4. General developers:  A freelance developer typically charges $50-60 per hour, earning an annual salary of around $100,000.
  5. Mobile developers: Also, Mobile app developers typically earn an hourly rate of $55-65 as freelancers, equating to an annual salary of $100,000.
  6. Web developers: Freelance web developers earn an average of $90,000 annually by designing and creating websites at an hourly rate of $50-60.
  7. Graphic designers: A freelance graphic designer typically charges $40-45 per hour, earning an annual salary of around $90,000.
  8. Transcribers: Freelance transcriptionists can also earn an average of $20-25 per hour, adding to a yearly salary of around $32,000.
  9. Online marketers: Freelance digital marketers typically earn an hourly rate of around $50, resulting in an approximate annual salary of $100,000.
  10. Photographers: A freelance photographer has an hourly rate between $35-45/hr, with an annual salary of around $42,000.
  11. CRM managers: A customer relations manager (CRM) expects to make between $50 to 60/hr, with an year salary of approximately $120,000.
  12. Data analysts: A freelance who specialises on data analyst earn between $55 to 65/hr, annual salary of $100,000.
  13. Bookkeepers: Lastly, an individual who works as a freelance bookkeeper usually earns an hourly rate of $30 to $35, which translates to an annual salary of approximately $40,000.

8 Accounting Tools Relevant for Freelancers

As businesses increasingly expect growth, they must have accounting tools that cater to the needs of freelancers and content creators.

These accounting tools will help freelancers meet their business needs and fulfil their obligations to the government. With the growing demand, the average hourly wages of freelancers  can also increase, and proper data capturing becomes crucial.

  • QuickBooks

Two QuickBooks products are actually useful as Accounting Tools Relevant for Freelancers. They are QuickBooks self-employed and QuickBooks Online Simple Start.  

  • Wave

Similarly, Wave’s accounting software streamlines invoice and cash flow management, allowing entrepreneurs to focus on business growth.

  • Zoho Books

One of the best overall accounting tools important for freelancers. Zoho Books is an online accounting software that streamlines financial management, automating business workflows, and enables seamless collaboration across departments.

  • Freshbooks

FreshBooks provides time-saving tools to run your small business efficiently

  • ZipBooks

ZipBooks is a robust platform that simplifies the management of your business with its beautiful and intuitive interface.

  • Trulysmall Accounting

This tool streamlines invoicing by centralizing invoice creation, branding, previewing/sending, and receipt.

  • Freeagent

This tool is designed for freelancers to track and analyze their finances.

  • Fiverr workspace

Fiverr Workspace Blog provides effective payment and back-office management resources for small businesses and freelancers.

  • Bonsai

Freelancers will earn money, receive payments and also have debtors owing them for their services. Appropriate bookkeeping skills will always stand as the key difference between a performing or non-performing freelancing business.

Important of Accounting Tools Important for Freelancers

This a freelancers keeping records using accounting software

Source: Canvas.

  1. First, it makes them to keep track of incomes and expenses..
  2. It makes them to staying on top of all invoicing issues
  3. In addition, it makes them to keep accurate records for tax payment
  4. It makes them to appreciate the work of an accountant and auditor
  5. Also, is ensures the timely monitoring of daily business tasks and activities
  6. It provides  freelancers on how to take charge and defend business assets when bad times strike.
  7. Improves cashflow
  8. It makes  freelancers to be motivated of their performance
  9. It also protects  freelancers against the legal consequences of not keeping accurate records for tax purpose.
  10. It makes  freelancers to be more efficient
  11. It makes their work and reports to be more professional
  12. Lastly, it makes them to be organised and able to budget for the future earnings and expenses.

Conclusion

It is essential for every writer who earn income to be familiar with the accounting tools. Also, to submit documents come tax time and annual report to monitor financial performance. In addition, if you need help, there are many step-by-step tutorials on YouTube or contact ohimai consulting.

How to Make Money on Fiverr

by | Aug 27, 2023 | Earn Money online

How to Make Extra Money on Fiverr and also showing several services that are available in fiverr

Fiverr.com is a great platform to sell your content and products if you want to earn extra money. It’s a popular freelance services marketplace that attracts clients from all over the world, both online and offline. Even though, evidence shows that many businesses use fiverr.com services to find skilled professionals. 
There’s a high demand for digital services globally, so you can offer a wide range of services on fiverr.com to increase your income. Also, among the several ways to make extra money on Fiverr, writing is one way to create high-quality offerings that stand out. Place your order today to help you write an article for $20. 

22 Ways on How to Make Money on Fiverr

There are 22 ways to make money on Fiverr by selling your skills.

1.Human Resource Consulting

These consultants execute a wide variety of tasks, such as generating employee policies, recruiting and job coaching.

This kind of services can earn you over $1,000 in a single month.

2.Sell Ebooks or various Reports written you

Instead of producing a fresh work for every order, you can substitute to produce the book or report down.

Then continue to sell to different customers at different times. Also, it must clearly state that you reserve the copyright of the work.

3.Website Development

This is another way to earn big on Fiverr. Interestingly, E-commerce niche is among one of the greatly sought-after web development services on Fiverr.

Top sellers charge from $20 for a simple work to about $3,000 for a broader one.

4.Write short and quick work to get paid

Those you can write short and quick work get paid handsomely. If you a writer who can deliver 500 words in 30 minutes or less, you make about $10 per hour. However, the aim is to deliver a high-quality work and you will keep receiving order from buyers.

5.Marketing software.

You can promote your client’s site with several of traffic generation software. In addition, you can earn $50 to $100 for an hour.

6. Make digital drawings

You can earn large from using automated photo-based drawing tools to produce digital drawings. Also, buyers look for custom graphics-based drawings and are ready to pay.

7.NFT Artist

Sellers earn money producing art and sell the digital rights, in the form of non-fungible tokens, to collectors. However, top sellers earn as much as $1,000 to make NFT art collections.

8. Research

Seller earns money using Google for a research project. It is however, imperative that you make your research has focus and be able to turn out the research in a very short period of time.

9. Virtual assistant

This has to do with the country you live in, it is easier to make money selling an hour or two doing virtual assistant work for clients you find on Fiverr.

10. Adjust pictures

You can earn from adjusting pictures like using Photoshop to clear the background of a picture. Clients are constantly looking to get their picture background cropped off their pictures to enable then use those pictures online

11. Influencer Marketing

If you have numerous followers on social media, as a result of your participation, Then, turn this asset into earnings on Fiverr. Definitely, many businesses and individuals are eager to pay to enable them to advertise their brand on your social media channels. The price charge for this kind of service hinge on the number of followers on your platform or the conversions the buyer gets

12. Design business cards

Several firms and individuals are constantly in need of business cards, as a result there is no lack of demand for people with fairly simple graphics skills who are able to design business cards to earn money.

13. Social Media Marketing

This is among the fastest-growing sources of making money on Fiverr. Of course, this seller will be able to perform audience research, checking social media platforms and posting content to them, and campaign creation. In addition, you can earn between $50 to $2,000 per gig, depending on the tasks the buyer wants you to perform.

14. Take pictures with signs

You can earn money from Fiverr for taking a picture of you holding up a sign standing next to a landmark in your area.

15. Design flyers

You can design flyers and earn big off Fiverr. However, the desires for graphic design have improved exponentially.

16. Graphic Design

If know how to design logo, clothes or card, then Fiverr is the right place to sell your services. Starting prices for logo designer gigs is between the range from $5 to over $1,000

17. Become a reviewer

If you can review 500-word in less than 12 or 10 minutes, this can be a great gig to offer for the market. People are constantly in need of reviewing since consumers frequently buy products or services after reading to understand the review

18. Translation

Translator who can translate documents and other projects on Fiverr will be able to earn money.  You can offer to teach people in their languages and also market their products in those own languages. Top-selling translators get up to $500 for a translating job.

19. Produce a video testimonial

If you are presentable and can speak talk in front of a camera professionally, then, you can offer to sell video testimonials.

20. Use software to create SEO diagnostic results

Buy and offer any of this software to diagnose how healthy a site is in terms of SEO. Most of the software packages are easier to operate, so you can earn good money from it.

21. Make use of a software to locate SEO keywords

Make a report that is full of SEO keyword will land you big earnings. There’s a enormous demand for this service

22. Copywriting

Lastly, copywriter who is able review products, business content, write blog posts and website landing pages or author books will earn big in Fiverr. A top-selling copywriter can earn as much as $900 to make a brand story.

Conclusion

In conclusion, several people ask how to make extra money on fiverr, even thought everyone has something to offer the global market where they can earn money. Also, you just need to start now on Fiverr and start spinning your spare time into spare money.

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