Freelancer Finance Kit
Freelancers, independent contractors, and solopreneurs
Everything freelancers need to set rates, create invoices, calculate taxes, and manage profit margins. Follow the steps in order to go from hourly rate to paid invoice.
{0} tools, one workflow
- 1
Set your hourly rate
Convert your target annual income into an hourly rate, or check what your current rate earns per year.
Salary to Hourly Converter - 2
Price your services
Add your markup to cover overhead, taxes, and profit on top of your base cost.
Markup Calculator - 3
Check your margins
Verify your profit margin is healthy after expenses. Aim for 20-50% depending on your industry.
Profit Margin Calculator - 4
Create an invoice
Generate a professional PDF invoice with your rates, line items, and payment terms.
Invoice Generator - 5
Estimate your taxes
Calculate how much to set aside for income tax so you are not caught off guard at filing time.
Income Tax Calculator - 6
Plan your budget
Allocate your freelance income across needs, savings, and business expenses using the 50/30/20 rule.
Budget Calculator
Embed these tools on your site
Add ToolKnife calculators to your freelancer blog or portfolio.
Learn more