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  • #989878
    BrodieHerden
    Member
    • Total posts: 7

    Hi all,

    I’ve recently obtained an ABN and started working as a freelance Graphic Designer. Yet all of my work at the moment is online, so I take payments though PayPal.

    How do I track my income here? Do I print out PayPal invoices and then when tax time comes I add it all up and add it to my personal income?

    A lot of my clients aren’t from Australia either, so does this impact anything as when I see the payment information from PayPal, it’s in USD or Euro’s…

    This is my first year, so I don’t pay quarterly. In all honesty I don’t expect to make more than the tax-free threshold but i’m still confused with how to track the income to declare at the end of the financial year.

    Thanks!

    Brodie.

    #1174294
    MyGreatIdea
    Member
    • Total posts: 2,278

    If you have a look around your PayPal account you’ll see there are options for printing sales summaries. You have a choice of time periods and can use these to tally up your income.

    I’m fairly certain you can choose the currency for the reports as well.

    Wendy :)

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