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Being a freelancer or self-employed person is often synonymous with freedom and flexibility. However, this chosen autonomy adds a certain number of constraints in daily life. To avoid being overwhelmed and to avoid making mistakes, it is crucial to surround yourself with the right people and to organize yourself.

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Here are 5 suggestions to make your life easier.

1. Get help with your accounting

One of the first tips for any self-employed person is to get help with their accounting. Managing invoices, VAT returns, expense reports, and writing the balance sheet can quickly turn out to be a headache and very time-consuming, especially at the beginning.

Several possibilities are available to you:

a. Take on an accountant

Having your own accountant allows you to create a relationship of trust and to have simplicity in exchanges. Accounting procedures can be complex for an uninitiated person, so it is reassuring to contact a professional who you know well and who you consult regularly.

It will help you:

• Manage your finances effectively : it monitors your income and expenses, prepares your tax returns and helps you optimize your taxation.
• Comply with legal obligations : he knows the latest regulations in force and ensures that you comply with them, thus avoiding errors and penalties.

b. Use an accounting management application

Applications now make all the tools necessary to launch and manage a business independently accessible to all. This allows you to centralize all your procedures in one place and to save costs on accounting services.

Thanks to these applications you will be able to:

• Synchronize your banking activities : thanks to the synchronization with your bank account, the application can automatically recover expenses and receipts, thus avoiding any manual entry.
• Automate your accounting : most transactions are classified automatically. This allows the user to manually categorize the others, thus facilitating accounting monitoring.
• Generating and teletransmitting your declarations : the tools guide the user through the closing steps to easily generate declarations (VAT, 2035, 2065, balance sheet) and send them directly to the Tax Administration.

Paatch recommends Numbr, Acasi, Abby and Indy to help you with your accounting.

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2. Do Wage Portage

Wage portage is an ideal solution for freelancers who want to maintain their autonomy while benefiting from the advantages of an employee.

Here are several advantages of wage portage:

• Social security : you benefit from social insurance for employees (health insurance, pension, unemployment).
• Simplified administrative management : the carrying company takes care of all administrative and accounting procedures, allowing you to focus on your business.
• Financial stability : you receive a monthly salary, which offers you a certain financial stability, unlike the irregular income of traditional freelancers.
• Training and support : PEO companies often offer training and advice to develop your business and improve your skills.

Paatch recommends services like Jump or Embarq.

Embarq provides you with a simulator which allows you to discover in two clicks what would be your income or your average daily rate in carrying.

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3. Use a business account

Using a business account when you are self-employed allows you to separate your personal and professional finances, which greatly simplifies accounting and tax management. Note that certain banking services and specific benefits are often reserved for professional accounts.

Here are some useful features:

• Transaction tracking : the pro account allows you to monitor your cash inflows and outflows in real time, thus facilitating the management of your cash flow.
• Automating tasks : some applications automatically categorize your expenses and generate monthly or quarterly reports.
• Simplified billing : many include built-in billing tools, allowing you to create and send invoices quickly and easily.
• Real-time notifications : you receive alerts for any unusual transactions or for payment deadlines.

Paatch recommends Blank to create your business account.

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4. Use administrative task management software

Often, the administrative tasks of freelancers are scattered across several platforms, making their management complex and more time-consuming. Having a single platform that centralizes all these functions saves precious time and provides better visibility on what to do.

Here are some advantages of taking a platform that helps in the management of administrative tasks:

• Centralization of administrative tasks : a software that combines all essential functions such as financial management, billing and accounting on a single intuitive interface.
• Simplified financial monitoring : You can easily track your income and expenses, generate detailed financial reports, and keep an eye on your cash flow in real time.
• Creating professional invoices : a platform that allows you to create and send personalized invoices quickly, while tracking payments and automatic reminders for unpaid invoices.

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5. Take out health coverage

Having coverage will protect you against unexpected medical expenses. Your self-employed status will still allow you to have access to quality care to keep yourself healthy and productive.

• Full health coverage : you will have the same health insurance as employees, covering medical consultations, hospitalizations, and dental and optical care.
• Social protection : you will benefit from social coverage including unemployment insurance, pension and supplementary pension, thus ensuring financial security in the event of a major blow.
• Adapted health insurance : you will have extensive guarantees and quick repayments adapted to the life of a self-employed person.

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Conclusion

Surrounding yourself well on everyday topics is essential for any self-employed person. Whether by hiring an accountant, using a dedicated banking application or by opting for wage portage, these solutions allow you to effectively manage your obligations while focusing on what you do best: your job. By taking these steps, you can not only improve your efficiency, but also your peace of mind, and thus fully thrive in your professional life.

For more tips and tricks on self-employment, follow our blog and stay up to date with best practices to optimize your business!

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