Side income, marked out first
A simple tools and materials log
Tracking what you buy for side work shows your real margin and keeps receipts ready for tax time.
Tools and materials disappear into side work quietly. A log brings them back into view.
What to record
- Date, item, cost and where you bought it.
- Which job it was for, if it was for one specific job.
- Where the receipt is stored.
Once a month
Add up materials and tool costs and compare them with what you earned. If costs are creeping up, adjust your prices or the kind of jobs you take.
Depending on local rules, some of these costs may be deductible. Ask an accountant, and keep receipts either way.
Educational content only. Not financial, tax or legal advice; talk to a qualified professional about your situation.