How should I manage small revenue coming in from several platforms like Kmong and Soomgo?
Tracking small revenue from several platforms like Kmong and Soomgo individually without consolidating it is a common way people end up filing without knowing their actual annual revenue. Platform usage fees are recognized as necessary expenses since they're spending incurred to earn revenue, and font and stock image license purchases are recognized as well, so we recommend gathering settlement statements from every platform as documentation, consolidating your revenue in one place, and filing under the appropriate simplified-bookkeeping or double-entry bookkeeping standard.
Income Structure Features for UI/UX Designers
Key Necessary Expense Items
Tax Advantages for UI/UX Designers
Consolidated management of freelance platform fees and revenue
We expense fees from multiple platforms like Kmong and Soomgo and consolidate your revenue in one place.
Determining the optimal bookkeeping method
We determine the right simplified-bookkeeping or double-entry bookkeeping standard for a structure with many small, scattered client payments.
Managing irregular income with the Nolan Umbrella Fund
We use an income deduction to cushion the variability of outsourcing income.
The Most Common Mistake in the Field
Tracking small revenue from several platforms like Kmong and Soomgo individually without consolidating it often means people don't know their actual annual revenue when filing.
Frequently Asked Questions
Related Roles Worth a Look
Frontend Developer
The developer who builds the screens, buttons, and UI users see and interact with
IT Planner & PM
A planner and project manager who oversees service planning, project timelines, and requirements
Systems Architect
A senior technical specialist who designs a system's overall structure and tech stack