Cash Management for Freelancers & Small Agencies

In this curated series of articles, we cover everything you need to know to keep your bank balance in the black.


  • How To Save Money For Retirement: Guide For Freelancers

    Saving for retirement. Just about anyone can tell you how important it is to do this. But it isn’t easy to actually do that, especially if you’re a freelancer or running a small agency. If you work for someone else, it’s easier. As long as your employer has an employer-sponsored plan, all you have to do is contribute on a regular basis.

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  • How To Make A Cash Flow Forecast: Guide For Freelancers & Agencies

    Wouldn’t it be nice to be able to predict how much money you’ll have in your bank account a month from now? Nowhere is this truer than in freelance or agency work, where revenues can be unsteady and unpredictable. That’s where cash flow forecasting comes in. This is how you can predict and manage your income and expenses before they occur.

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  • How To Manage Cash Flow: Guide For Freelancers & Agencies

    Running out of cash is bad for business. Understatement of the year, right? Small businesses are notorious for running into cash flow problems. Even if you’re hardworking and diligent, you can still run into this problem just because of the unsteady revenues and expenses that come along with freelance and agency work.

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  • How To Choose Health Insurance: Guide For Freelancers & Agencies

    Lining up health insurance was the single scariest part of leaving my day job. Choosing your own health plan is surprisingly tough, even if you’re financially savvy. But you can do it well, and I’d like to show you how. This subject is incredibly personal for me. Since running my agency full-time in 2021…

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  • How To Make a Financial Plan: Guide For Freelancers & Agencies

    If you don’t have a financial plan for your business, then you don’t have a direction. And that’s very dangerous if you want to succeed in the long run. Having a plan lets you track your income, control your expenses, and achieve your financial goals. In this guide, I’ll walk you through the steps…

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  • How To Set Financial Goals: Guide For Freelancers & Agencies

    What is the best personal budget for freelancers or small agency owners? It’s hard to answer that question, partly because of how vague it is. When it comes to finances – both personal and business – there’s no one-size-fits-all budget. You have to consider your short-term and long-term financial goals.

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  • How To Make A Budget: Guide For Freelancers & Agencies

    Freelance finances can be gut-wrenching to manage, with shaky ups and downs like an old wooden roller coaster. There are no steady paychecks. You manage your own benefits. And, of course, responsibility for managing taxes ultimately falls on you. Taken together, this all makes budgeting feel impossible.

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  • 23 Ways Freelancers & Agencies Can Get Cost Savings Now

    Running a small business is hard. And expensive. There’s also a fair amount of risk involved, and sometimes, you need to cut costs right now, and you can’t wait. Been there, done that. Sure, cost reduction isn’t fun, but sometimes, you’re in a tight spot with cash flow and you just need to get to next week.

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  • How To Make a Cash Flow Statement: Guide For Freelancers & Agencies

    Where’s the money coming from? Where’s it going? Those are two essential questions that every business owner needs to be able to answer. Cash flow statements are how you do that. Everyone knows that it’s important for businesses to turn a profit. But you should know – it’s possible to turn a profit and still have empty bank accounts!

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  • How To Calculate Taxable Income: Guide For Freelancers & Agencies

    “How much money do I owe the IRS?” Every April, freelancers and small agency owners have to ask themselves that question. And sometimes, the answer can be surprising because taxable income can be pretty tricky to calculate. But you can’t simply avoid it! Knowing how to handle your taxes…

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  • How To Categorize Expenses: A Guide For Freelancers & Agencies

    Do you know where all your money went last month? That’s a tough question to answer if you don’t categorize expenses on a regular basis.  The best way to keep track of small business finances is by being proactive about expense management. Sure, it sounds like a chore, but…

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  • How To Manage Profit & Loss For Freelancers & Agencies

    It’s the end of the quarter and you’ve just run your first small business profit and loss statement. Now here’s the big question – what do you do with it? If you don’t have a background in finance or accounting, tracking your business finances can feel awfully abstract. But profit and loss management is surprisingly straightforward, once you clear that initial learning curve.

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  • How To Make An Income Statement For Freelancers & Agencies

    “How much money am I making?” – This is arguably the single most important question in business. And in order to properly answer that, you need to be able to create an income statement. But how do you actually do that? Odds are, if you are running a freelance or small agency business, no one sat down and gave you an answer to that question.

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  • How To Track Business Expenses For Freelancers & Agencies

    If you’ve gotten into freelance work or you’re running a small agency, you and I probably share some things in common. You probably don’t care for bureaucracy or arbitrary rules that come along with it, and you probably value creativity and freedom. Of course, neither of those seem to square particularly well with tracking business expenses.

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