How to Keep Track of Your Clients Financials
If you have ever worked as a freelancer, you will know about the fact that how hard it is to keep up with the jobs and clients you are dealing with
. As soon as you receive the work, you begin to start it and try to finish it as early as possible to move on to the next one. When you are so packed up with your work and trying to get everything done for so many clients, it becomes harder to keep track of money sort of things. I know most of you are thinking that there is no way I would forget that how much I have gotten paid and how much I have owed. But in fact, for one reason or another we have all done it. Perhaps it is a sting that we can't realize that often we are paid less than we agreed to.
There is a very simple solution for that you just need to make a spreadsheet in Excel or any other software where you can keep the record of all your clients, their work and payment. Make one column containing the names of all the clients. Next to each client's name, you have to write your most recent job description which you are doing for him. Next to it you need to write what hourly rate or per word rate you both have agreed up on. You can also add the contact information of each and every client also so that if you have any problem you can contact them easily. In this way you can keep the record of all your clients, work and payments. You can sort the spreadsheet according to your convenience.
Always remember that your clients are precious for you as without them you cannot survive and same goes for them. Your client also needs you as much as you need them. So, always respect your clients. But all the clients are not as good as they should be in their dealing and words. There are many clients who appear to be very good to you on phone call or email and agree to pay you a fair rate for the task, but when it comes to pay they either flee or turn back from their words and say that they agreed to a much lower rate.
To avoid any such situation you, you have to make some necessary steps in the start. It is best to record the conversation or save all the conversation which you have with your clients on messenger or through email. Keep a record of all the conversation so that if in future they try to deny their statements you can show them the proofs.
It is not always possible to save or record the conversation, there is another possible way to handle this. Any sort of pre-pay will help clearing the doubts between both you and your clients. Still if you have any problem, feel free to discuss it with your clients. Don't hesitate as it is business after all.
How to Keep Track of Your Clients Financials
By: Tauqeer Ul Hassan
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