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Freelance Contractor's Financial Workbook
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Ver. 1.0.2
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FOREWORD

This workbook is designed to help calculate wages, hourly rates, annual budgets and estimate net income for contractors. It incorporates benefits and other overhead costs associated with business. If you choose to include overhead costs in your hourly rate (assuming you use an hourly rate) note that the rate is significantly higher. All figures and rates in this workbook are examples only and there is no intent beyond providing an easy-to-use template. How you use this workbook is up to you. As part of that you should alter rates to correspond to your personal situation to achieve the highest accuracy and returns, adding taxes and eliminating those that are part/not-part of your local jurisdiction. Consult with your accountant on all tax matters including, but not limited to, business expenses deductions. Consult with your attorney regarding formation of a business (if necessary) and what fees and processes are associated with that. Note that different jurisidictions have different rules and requirements.

As this workbook is a template only it does not cover all possible situations or scenarios. It should not be relied upon to do so. Research and alteration by the user will be necessary to achieve the highest value from this workbook. Failure to adapt this workbook to unique situations may result in less than optimal situations. The fields of finance, taxes, and business management are constantly evolving and so should you. This workbook is not sophisticated enough to replace specially designed software like Quickbooks. If you would like to learn more about accounting, then I suggest visiting https://www.accountingcoach.com/ and https://www.investopedia.com/.

Each worksheet is designed to achieve a different purpose. Links exist between each worksheet. Please check formulas before making alterations to ensure that your calculations are accurate. You may do that by using View > Show Formulas. Additionally, there are comments placed in cells throughout the workbook. To properly view those comments you may download this workbook to your personal device.

*NOTE: Digital goods may be sold an infinite number of times; therefore the marginal cost to produce an additional unit of a digital good is negligible and should not be relied upon to determine the price and/or quantity sold for sales forecasts. Use your best judgment in determining prices by surveying other markets and vendors for similar goods and prices.
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TERMS OF USE

By accessing and using this workbook you, henceforth User, agree to hold harmless, in entirety, the originating creator (henceforth Creator) of this workbook from any and all damages to user, user's business, ventures, enterprises, partners, customers, software, digital goods, hardware, real or assumed that may result from its use. User agrees not to redistribute this workbook or any part thereof, modified or in its original form except for official business related uses. User agrees that this workbook is a non-transferable license.

Creator retains all rights, permissions and copyrights over this workbook product. Creator may alter, modify, duplicate, terminate or remove this product at will in this or any other digital or non-digital format.

This product and the interpretation of its terms shall be governed by and construed in accordance with the laws of the State of Kansas and subject to the exclusive jurisdiction of the federal and state courts located in Sedgwick County, Kansas, United States of America.
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If you find this workbook useful, please consider contributing a dollar to: https://paypal.me/jiemerson.
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CONTACT INFO (CREATOR)
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John Emerson
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johnemerson@johnemerson.net
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