Managing Income & Expenses with Tymora —Your Freelance Finance Friend

Managing money is one of the most important parts of running
a freelance business or small agency. But for many beginners,
keeping track of income and expenses can feel confusing and
overwhelming.

Where do you start? How do you make sure you don’t miss
receipts, forget client payments, or lose track of profits?

That’s where Tymora steps in. Tymora is designed to make
financial management simple, so you can focus more on your
work and less on complicated bookkeeping.

Why Managing Money Matters

When you’re new to freelancing or running your own business,
it’s easy to think, “I’ll figure out the money later.” But later
usually becomes a mountain of receipts, missed payments, and
stress. Here’s why it’s worth paying attention from the start:

Avoiding surprises: Imagine finishing a great month of
work, only to realize half your clients haven’t paid and
you’re low on cash. Accurate records help you see
problems before they hit.
Measuring success: It’s not just about how much you
earn — it’s about how much you keep after expenses. For
example, if you earned $1,000 from a client but spent
$400 on travel and software, your real earning is $600.
Making better choices: Clear numbers help you decide
where to cut costs, which clients are worth keeping, and
where you should raise your rates.

???? Fun fact: Research shows that cash flow issues (running out
of money at the wrong time) are one of the top reasons small
businesses close down. By managing your income and
expenses consistently, you put yourself ahead of the majority.

How Tymora Makes It Easy?

Think of Tymora as your financial assistant that never forgets.
It’s built with freelancers and small businesses in mind, so you
don’t need accounting skills to use it.

Here’s what Tymora does for you:

Income Tracking: Every time you get paid, you log it in
Tymora. It can be linked to the project, so you know
exactly where the money came from.
Expense Tracking: Whenever you spend money —
buying a software subscription, paying for internet,
traveling for a client — you record it. You can upload a
receipt so everything is in one place.
Invoices & Payments: Tymora lets you create
professional-looking invoices quickly. Clients take them
more seriously, which often means faster payments.
Project Profitability: Instead of just seeing total income,
you can see how much you earned and spent on each
project. This helps you learn which projects are profitable
and which ones aren’t.
Reports & Insights: Tymora turns all the data into
simple reports, like “Profit and Loss.” Even if you hate
numbers, you’ll understand these reports at a glance.

Step-by-Step: Managing Income & Expenses with Tymora
Let’s walk through a simple routine you can follow.

Step 1: Create Categories

Think about how you usually spend and earn. Common
categories include:
Income: Client payments, consultation fees, product
sales.
Expenses: Software subscriptions, internet, office
supplies, travel, meals, rent.
Categories make it easier to see where your money is going.

Step 2: Record Income Immediately

Example: You worked 10 hours for Client A. You create an
invoice in Tymora, and it links to your timesheet. Everything is
neat and automatic.

Step 3: Capture Every Expense

Expenses are often where beginners slip up. Small costs like
$10 for coffee with a client or $30 for design software add up.
Take a photo of the receipt.
Upload it to Tymora.
Tag it to the correct category (like Travel or Software).
This habit takes less than a minute and saves you from stress
later.

Step 4: Match Expenses to Projects

Not all expenses are general. Some belong to specific projects.
Example: If you traveled to another city for Client B, you can
attach the train ticket and hotel cost directly to that project.
This way, you can see:
Project income: $1,200
Project expenses: $300
Real profit: $900
Now you know whether that project was really worth it.

Step 5: Review Reports Weekly

Stick this checklist on your desk, and you’ll never feel lost again.