| Pages in topic: [1 2] > | Poll: Do you keep a record of your annual income for statistical reasons? Thread poster: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Do you keep a record of your annual income for statistical reasons?".
This poll was originally submitted by Carla Lopes. View the poll results »
| | | | | For tax reasons, actually ... | Jan 5, 2023 |
... but of course, I keep an eye on it to see how my business is doing over the years.
| | | | Tom in London
United Kingdom
Local time: 22:13
Member (2008)
Italian to English
Do you keep a record of your annual income for statistical reasons?
No, but (of course) I keep a record of my annual income for tax purposes.
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As my accountant says “Complete and organized records can mean tax savings”. What I keep is mainly for tax reasons than for statistics and anyway we are not talking about large companies here, so at the end of each year I always have a rough idea how things were even without my accountant’s annual report…
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Lieven Malaise
Belgium
Local time: 23:13
Member (2020)
French to Dutch
+ ...
I keep track of my monthly, quarterly, biannual and annual income because I think it's interesting to see how my income evolves. It also allows me to know exactly when to accelerate, if necessary, or decelerate, if so desired.
| | | | IrinaN
United States
Local time: 16:13
English to Russian
+ ...
If you are a taxpayer, how is it possible not to have that track?
Are we talking about some backup in a pink scrapbook with beloved kids/pets on the cover???
| | | | Metin Demirel 
Türkiye
Local time: 00:13
Member (2018)
Italian to Turkish
+ ...
I have an Excel file where I list details of each job and the payments received, which are reflected on a separate table for each year showing monthly and annual volume (word-count), average rate and receivables from each client, and the income percentile each client represents within said year. I also have a separate table that shows me the word-count, percentage and income by language pair.
[Edited at 2023-01-05 10:41 GMT]
| | | | Samuel Murray
Netherlands
Local time: 23:13
Member (2006)
English to Afrikaans
+ ...
| Not really, no | Jan 5, 2023 |
I do have a spreadsheet with all my invoices and payments, obviously, but you can't generate much in the way of statistics from it. It doesn't show individual jobs, for example (in many cases, I combine multiple jobs into a single invoice), nor does it show things like exact word counts or hours worked.
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Weekly, monthly and annual!
I need statistics for my own head.
| | | | | 'Hourly earnings' log | Jan 5, 2023 |
Of course, for tax purposes:) But I actually have a little system that goes beyond what is needed for tax records. A few years ago I started a simple Excel sheet to track the amount of time I spent on various tasks. I wanted to see how many hours I actually worked in total, including the time spent on admin tasks, research, marketing, etc. I then divide the number of hours worked in a month by the value of the projects completed in that period. I find it really useful.
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because my accountant takes care of everything.
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I love stats. Messing around with my spreadsheet helps me relax…
I don’t really need to know which customer is top of the league and so on, but it makes me happy.
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neilmac
Spain
Local time: 23:13
Spanish to English
+ ...
Not for statistical reasons, whatever that may be intended to mean. However, like most of our colleagues who have previously answered, I do have to keep a record of my invoices issued for tax purposes. I think we are obliged to keep these records for something like five years.
Since it's the start of the New Year, I'm doing some admin right now, and am about to issue my first bill of the year. In 2022, I issued 82 or 83 invoices (I might have to cancel one and reissue it with this m... See more Not for statistical reasons, whatever that may be intended to mean. However, like most of our colleagues who have previously answered, I do have to keep a record of my invoices issued for tax purposes. I think we are obliged to keep these records for something like five years.
Since it's the start of the New Year, I'm doing some admin right now, and am about to issue my first bill of the year. In 2022, I issued 82 or 83 invoices (I might have to cancel one and reissue it with this month's date, as one of my clients paid me in cash from their own account without withholding the income tax, and now it transpires their employer may pay it for them... Stuff like this happens occasionally).
I wish you all a happy and prosperous year in 2023. ▲ Collapse
| | | | Robert Forstag
United States
Local time: 17:13
Spanish to English
+ ...
| I try to avoid thinking about it as much as possible | Jan 6, 2023 |
The grim reality is simply too crushing to bear....
| | | | Yaotl Altan
Mexico
Local time: 15:13
Member (2006)
English to Spanish
+ ...
I hope AI won't take my income to the level I had in 2000.
The X-axis refers to the year, and the Y-axis the amount of tacos I ate those years
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