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As a self-employed individual, keeping track of your finances is essential for success. Whether you’re a freelancer, contractor, or entrepreneur, proper bookkeeping practices can help you stay on top of your finances and make informed business decisions. Here are some tips to help you manage your finances effectively:

Keep A Monthly Budget To Track Your Expenses And Income

Keeping a monthly budget is the first step toward successful bookkeeping. A budget helps you track your expenses and income and provides a clear picture of your financial health. Start by creating a spreadsheet or using bookkeeping software to keep track of all your expenses and income. This includes everything from office rent, utility bills, marketing expenses, and travel expense