Episode 7: Your bank balance

Episode 7: Your bank balance is not your income. 💸

As a designer, money reaches you from Stripe, PayPal, Wise, direct transfers and Contra. By the time it lands, fees, currency conversion and delays have already taken a cut, and some of it never gets recorded.

That’s why a monthly bank reconciliation matters. It means matching your bank statement to your books, line by line, so you can:

✅ Spot the client invoice that was never paid ✅ Catch the software subscription you forgot to cancel ✅ Find the processor fees nobody recorded ✅ Know your real profit per project ✅ Reach tax time with clean numbers instead of a panic

It takes about 30 minutes a month. A gap you catch in October is easy to fix. A gap you find a year later is expensive.

#bookkeeping #freelancedesigner #designbusiness #freelancefinance #smallbusiness