How can I manage my taxes with Psylio?
As a self-employed individual, you are required to file a tax return each year. Although consulting an accountant is always advisable, the Psylio platform provides features that can help you organize your finances and save time.
Track your income and expenses
Throughout the year, it’s important to monitor your income and expenses related to your professional activities. Psylio makes it easy to manage your billing and keep a complete record of your financial transactions. Here’s how:
- Go to the Finances tab.
- Click Add transaction to record any professional income or expenses.
Generate financial reports
Psylio allows you to generate detailed reports of your income, expenses, and taxes for any specified period. These reports are essential for you or your accountant to review your annual finances and identify deductible expenses. To generate a report:
- Go to the Finances tab.
- Select Reports.
- Choose the type of report you want to create (global, income, expenses, or taxes) and specify the time period.
Additional Resources
Psylio's toolbox also includes additional advice compiled by a tax specialist to help you optimize your tax return as a self-employed worker. You can download this resource by following this link: Tips for optimizing your time and tax return as a self-employed person
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