Tracking your time and expenses

There are a ton of tools in the market for freelancers to track their time and expenses.

Time tracking is necessary only if you’re charging clients hourly or want to track your own time to get a sense of what your hourly rate is if you’re using deliverable pricing.

Expense tracking is always important because a) some expenses may be able to be billed to client b) you want an accurate view of your profitability and c) you can write off several expenses against your gross income as a pass-through entity, which lowers the profit tax you have to pay…