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Now that I’m blogging AND earning an income (finally!), I understand how important it is to keep good records and track your blogging income. It’s not only tedious to figure out your income and expenses from a box of receipts, but also if you are paying an accountant to do your taxes they WILL bill you for their time.
Tracking Your Blogging Income and Getting Ready for Taxes
It’s easier when you finally sit down to do your taxes to have everything prepared. This way, all you really have to do is plug in your numbers to your tax forms.
Keep in mind that you do not need a fancy accounting program to make this work. Just use a simple spreadsheet program like what I’ve included in this post for FREE and you will be more organized and know who owes you money.
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i am still finding a suitable method of earning for me, but i will be taking this post for the future, thanks for providing great knowledge.
Thanks for this! I’ve been trying to figure out how to make money with my blog and keeping good records of all the income I’m getting. This has been a GREAT help!
I have been interested in blogging for the past 2 years. When I think more about doing it I get excited because I have a lot of interests & ideas. My road block is two things: lack of technology lingo & an old desktop computer. Any suggestions?
Just found your blog & am excited to ‘search’ throughout your many different posts!
Thank-you!
Jodie
SO great, thank you!
My desire is to one day have blogging income. Thanks for the tips.
Blessings~
Alethea
Thanks for this! I certainly hope I can get to the point where I need to track blogging income!
thanks- i needed this type of sheet~
I’ve always wondered about how blogging income translates when doing your taxes. This is a big reason why I have been hesitant to get into the money side of it. Thanks for providing info. to ease my mind about it!
Thanks for the spread sheet.
Julie @ Naptime Review
http://www.thenaptimereview.com
I always start the year with good intentions but as time goes by I get lazy about this. In 2013, I plan on being more organized!
This is perfect , thanks so much for sharing this !
It really can be hard to track everything especially when you get compensated in gift cards and other items.
This is good information if I decide to ever use my blog to generate an income.
Heading over to read the rest of the post. I could use some of your tips 🙂
That is on our 2013 goal sheet…meaning we need to do a better job of keeping all of this money stuff straight! Thank you for the helpful reminder! 🙂
I wish I had this problem. Still no income from my blog but by golly this year is going to be the year it actually happens. some how, I am going to profit from my itty bitty blog and use all the tools you suggest here on SITS!!!! 🙂
I’m new to blogging, but not to business. It’s imperative to track your expenses as you go. Trying to play catch up at the end of the year is awful. Been there done that. Thanks for the tips.