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dave_lindsay
Community Member

Question for Quickbooks users.

For any fellow freelancers who use Quickbooks to do their bookkeeping:

What method do you use to record your Upwork income in QB? Upwork has it's own invoicing system, different from that which you might use for other non-Upwork clients.

Do you create a new invoice, sales receipt, or bank deposit for each Upwork payment?

Do you reference the individual Upwork invoices to which that deposit is corresponding?

Thanks!

2 REPLIES 2
wescowley
Community Member

I use Freshbooks, which is similar. I create a dummy invoice in FB for every Upwork invoice and record a payment against the invoice as of the date the money's available in my UW account as well as an expense for the service fee. This helps me in a few ways.

1) it makes it very easy to deal with taxes

2) it helps track my revenue and overall expense ratio

3) I have a few clients who want a more detailed invoice than what UW can provide, usually so they can break down my billing across their clients or for their expense reimbursement process. In these cases, I can send the dummy invoice to them (clearly marked "payment through Upwork").

e55387b6
Community Member

Dear Sir,

Can you plesae help me to the get a job regarding of Quickbooks relate.

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