Well, at least it’s not negative this month, right?
Truth be told, I actually have a few checks sitting around waiting for me to drive them to the bank because I’m lame and don’t have a phone with which I can deposit them–have you seen that? I know it’s not really new anymore, but man, how nice would it be to just snap a photo of a check and deposit it in a bank account? But nope, my Nokia flip phone can barely receive text messages. Oh well.
February Income Report
- Design Work: $0.00
- Maintenance Work: $2,225.00
- Affiliate and Advertising Sales: $0.00
- E-course Sales: $111.56
Total: $2336.56 (before expenses)
What these things mean
Design Work: Anything that involves me designing something. A website, header, graphics of any kind, etc.
Maintenance work: Hosting, coding, plugin installations, etc. I lumped these all together because I often do coding/website tweaks as part of clients’ monthly maintenance packages. I will possibly break this down further in the future to distinguish between new coding projects and actual maintenance work, but for 2013 they’re all lumped together in my accounting software.
Affiliate & Advertising Sales: Affiliate programs I’m a part of (Studio Press, BlueHost, etc.), Google Adsense, and ads I sell on this blog. I only count this as income AFTER it is deposited in my bank account. I don’t do a ton of affiliate marketing or ads, so sometimes my earnings sit in the program for months before I ever get them. Any earnings listed here are likely an accumulation of several months’ earnings finally being deposited in my bank account.
E-Course sales: Sales of my e-course, of course. Most customers have purchased at a discount. I receive payment approximately two months after the sales occur. For example, in February I received payment for my December course sales.
February Expense Report
- Advertising: $0.00
- Domains/Hosting: $132.04
- Licenses: $589.76 (includes TurboTax license this month)
- Paypal Fees: $33.23
- Training: $0.00
- Office expense: $36.00
What these things mean
Advertising: Any ads I purchase, to promote my business, blog, and/or specific products or services.
Domains/Hosting: Any new domains, hosting plans, or renewals. I typically pay for an entire year, not month-to-month, so some months this may be non-existent and others it may be crazy.
Licenses: Plugins, fonts, software, or any other type of licenses for my business or a client websites.
Paypal fees: This one is pretty obvious, don’t you think?
Training: Courses or books to improve my mad skillz and my business.
Office expense: Anything I need for my office; furniture, paper, etc.
February 2014 total profit: $1,545.53 (before taxes)
Notes: Since I had a negative month last month, my profit should probably be counted as $925.91 instead.
As I mentioned before, I’ve got a few checks here that need depositing, these total $1,150, so a decent chunk of cash. I’m just incredibly lazy and getting to the bank once a month is about as good as it gets. These payments will show up on my March income.
Also, have you noticed I have yet to make any money from design this year? Lately all my income is coming from maintenance and coding.
How did you do in February?