Tracking Your Earnings and Expenses
Following your profit and costs throughout the year is fundamental to making the assessment season more manageable. Here are a few tips for remaining organized:
- Use an app or spreadsheet: A few apps designed for gig laborers, like Walk Assess, QuickBooks Self-Employed, or MileIQ, can help you track your mileage, costs, and salary.
- Save your receipts: Make sure to save your receipts for any expenses related to your business (e.g., car repairs, gas, or phone bills).
- Review your 1099 forms: At the end of the year, double-check your 1099-NEC and 1099-K forms to ensure they accurately reflect your earnings. If you find any discrepancies, reach out to DoorDash for clarification.
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