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How do you manage your finances and accounting for a side Hustle?
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1. Separate business and personal
It’s a good idea to keep your personal and business finances separate, with a separate bank account for your side hustle income and expenses. #SAGEForSmallBiz #SAGEAdvice #Ad
It’s a good idea to keep your personal and business finances separate, with a separate bank account for your side hustle income and expenses. #SAGEForSmallBiz #SAGEAdvice #Ad
2. Be tax savvy
SARS is getting stricter with freelancers, side hustlers & informal traders. This is where having a separate bank account will come in handy because you’ll have an accurate view of your income, expenses and, how much tax you’ll need to pay
#SAGEForSmallBiz
SARS is getting stricter with freelancers, side hustlers & informal traders. This is where having a separate bank account will come in handy because you’ll have an accurate view of your income, expenses and, how much tax you’ll need to pay
#SAGEForSmallBiz
3. Get good at record-keeping
With a good understanding of all your expenses, you’ll find a good middle ground for your pricing – not too high that you price yourself out of the market, but high enough to make a decent profit. #SageAdvice
#SAGEForSmallBiz
With a good understanding of all your expenses, you’ll find a good middle ground for your pricing – not too high that you price yourself out of the market, but high enough to make a decent profit. #SageAdvice
#SAGEForSmallBiz
4. Get accounting software ( @SageGroupZA )
Cloud-based accounting software makes it easier to manage your side hustle finances. You can record income and expenses and keep track of your finances, from anywhere, on any device. #SageAdvice #SAGEForSmallBiz
Cloud-based accounting software makes it easier to manage your side hustle finances. You can record income and expenses and keep track of your finances, from anywhere, on any device. #SageAdvice #SAGEForSmallBiz
