Freelancing

Stage 7 · Lesson 4 of 8

Keeping income records

Getting paid, records and safety

Keep simple every month. For each payment, note the date, client, (before any fees), platform fee, withdrawal or transfer fee, and the amount received in local currency. Also note such as software and equipment.

Save invoices, platform statements and bank statements in one folder per month. It takes ten minutes a month. It answers questions from your tax office, your bank, a visa application or a future employer.

Do not rely on platform alone. Download statements regularly, because you can lose access to old data if an account closes.

Common traprebuilding a year of income from memory and screenshots when a tax deadline arrives.

A question to check yourself, an AI practice session and 1 cheat sheet entry come when you add the roadmap to your account. Add it

Resources for this stage

Start with

Keep handy

  • Payoneer

    The usual payout route for marketplace earnings in many countries; check fees in your account

  • Wise

    Multi-currency transfers; check what an account can do in your country before relying on it

Also worth your time

Mark this stage as not done?