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Weekend Quick Tip: Organize Payments as they arrive

How do you organize the payments you receive as a freelance writer? If you work for a company as a regular employee you probably receive anywhere from one to four paychecks per month. And most of the time they are directly deposited into your bank account. As a freelance writer you don’t have this benefit. Instead, you will receive many more payments each month and all of them will come direct to you in some way, shape, or form.

To stay on track it is important to organize your payments as they arrive. For instance, I have one folder for checks that come in the mail and another for payments that are sent via PayPal. With PayPal, you will also receive an email stating that a new payment has arrived; I have found this to be quite useful from an organizational point of view.

When should I cash checks? In the past I was a bit lazy about cashing checks that came in the mail. Instead of heading straight for the bank I would hold onto these checks until the next month. I stopped this practice a few months back, and now head to the bank once per week on average. While this means I have to take time out of my day, it is beneficial in the way that it helps me to stay organized.

I have never found it difficult to organize payments for the most part. After all, this is one of the most exciting parts of being a freelance writer. Does it get any better than receiving a PayPal payment or check in the mail?

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1 Comment »Freelance WritingNovember 1st, 2008

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