Task 3 I, Income & expenditure.

Next I had to make a database of which I found that would be best made on excel of which was made up for the Invoice's of Make-up jobs throughout a period of time. This database helps me to work out my income over a period of time. The details of the database can also be helpful with details between the amount of income for the HM Revenue, and can conclude some times for them what my income is like.

This shows how organised I am with the accounts of each client keeping record of the income of when I get paid and also when I send the invoices. This will also help the accounts of what jobs I do how much I usually make and what sort of jobs and clients I range between. The total of income  £10,385.

The next objective for me is to have show my outcomes as well as incomes. This will show how much I actually make and what my outcome deductions of which this will show how much is taxable deductions for when I am showing my expenditures to the HM revenue.

These show my outcomes linking to my income and the amount of work I get for an amount period of time.
(Totalled to £17,670)
Which with the accounts made it made me come up to looking for how much taxable income this freelance account would have to pay to the state.  This will give me an idea of expenditures of a freelance make-up artists and taxable income.

Of which the image above has details depending on how much you earn through the amount of income tax between each periods of the taxable year. This made me see that the total of income was £10,385- taking away my out comings amount makes it £17,670 which means I'm at a loss as a make-up artist as I'm not making a profit.