Introducing the Side Hustle Tool!

Are you tired of the hassle and confusion of managing your business finances? Look no further! My Financial Snapshot is excited to announce the release of our new product, the Side Hustle Tool. This innovative tool makes tracking your income and expenses a breeze, allowing you to focus on what you do best: growing your business.

What is the Side Hustle Tool?

So, what exactly is the Side Hustle Tool? It’s the quickest and easiest way to keep tabs on the financial health of your business. Whether you’re a freelancer, independent contractor, or small business owner, this tool is tailor-made to suit your needs. You don’t need to be an accounting whiz, a spreadsheet expert, or have prior experience with complex software like QuickBooks. The Side Hustle Tool is user-friendly, saving you time and effort while delivering accurate results.

Is it right for me?

You might wonder if the Side Hustle Tool is the right fit for you. This tool is tailor-made for you if you’re among the 58 million American workers identifying as independent contractors or owning a small or part-time business. It caters to a wide range of professionals, including cosmetologists, artists, photographers, direct sellers, construction workers, landscapers, and many more. Whether you work full-time or part-time, if you receive a 1099 and file a Schedule C on your tax return, the Side Hustle Tool is your perfect companion.

How does it work?

  1. Run a calculation: Select your side hustle and a period you want to calculate for. You can run a monthly, annual, or custom calculation.
  2. Track your income: Enter your earnings from all sources, including payments from different platforms or clients. Small business owners may get paid in cash, cards, checks, online sales, invoices, and more. The Side Hustle Tool keeps everything organized in one central location.
  3. Track your expenses: Input your business-related expenses, such as supplies, marketing, or travel expenses. We even let you keep track of your cost of goods sold if you carry inventory. The tool ensures you don’t miss any deductible expenses, maximizing your tax savings.
  4. Review: Take a moment to review your income and expenses. The Side Hustle Tool provides a clear breakdown, allowing you to identify any discrepancies or areas for improvement. Need to make an edit? The progress bar lets you toggle back and forth the any completed section and make changes.
  5. View your income statement: With just a click, generate an income statement summarizing your business performance. This snapshot provides valuable insights into your business’s profitability and can be used for tax reporting or when seeking financing.

Take care of your business!

How to sign up?

Is this something your small business or side hustle could benefit from? You can sign up here if you want to use the Side Hustle Tool.

Want to know more? Email with any questions you have!