Home » Blogging Basics » How to keep track of your blogging income and expenses (plus free Blogging Accounts Spreadsheet)

14 Comments

  1. This is great info, thank you. I am not at the point where I am earning anything yet with my blog, but when the time comes I shall revert back to this. Thanks.

  2. Great info! Newbie here and this helps! May I know for blogging incomes and expenses, does all info (eg. email add and name) have to match exactly what you registered yourself?
    Also, does one have to keep a hard copy of the records and for how many years? Thanks in advance.

    1. Thanks Desiree! Re: your first question – what do you mean by ‘all info’? Do you mean does the info on invoices/receipts have to match the info given to HMRC? (or your country’s tax authority, if you are not in the UK) If that’s what you mean, then my understanding is, no – it does not have to match. But I would double check with the relevant tax authority to make sure. Yes, you should always keep both hard and electronic records. HMRC’s website says you should keep your records for 5 years >>> https://www.gov.uk/self-employed-records/how-long-to-keep-your-records (if you are not in the UK I suggest you google the name of your country’s tax authority and ‘how long do I need to keep records?’ – the answer is likely to come up as the first hit!) Eb 🙂

      1. Hi,
        Really thankful for your helpful info! I’m just confused and wondering whether if the expenses and income received need to match your personal/company info registered (as there isnt much info out there on taxes and filing taxes for bloggers etc).

        Just a quick question, do you think there’s still a need to invest in a .com blog for bloggers? I think it’s okay for evergreen content bloggers, but I think people dont read blogs nowadays. Some bloggers websites have not been updated since 2017?
        What do you think?

        Thanks again for your help above 🙂

        1. I would definitely always advise getting a .com ending for your blog if at all possible. I also advise that the majority of your posts should be evergreen as this will give you more pageviews in the long-run. Most bloggers find that search engines bring them the most traffic in the long term and search engines will drive traffic to all relevant blog posts, so by having lots of evergreen content, you will continue to get traffic to your older posts. People don’t necessarily read blogs in quite the same way as they used to… but search engines are driving more and more traffic to blogs. The most successful blogs are therefore those that focus on search engine optimisation (SEO). Yes, you are right that some bloggers have stopped blogging, but many more people are taking up blogging every day. Blogging is growing all the time as more and more people are wising up to the fact that you can make serious money from blogging! Hope that helps 😀 Eb x

  3. Holy guacamole! This is GREAT information – thank you so much for sharing. I have been quite daunted by the idea of doing my own taxes and recording my own income and expenses as a new blogger. This is some of the most helpful information I have found so far. Thank you especially for the free spreadsheet. This saves me so much time and is already organized and set up for my own use which I appreciate so much!

  4. Really informative post. And helpful.
    I have my own spreadsheet, and am new to blogging (not new to business though). To get an on-site into how a blogger manages their finances is really helpful.

    Thank you.

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