Being a small business owner has never been more flexible and mobile than it is today. The rise of the “on demand” economy has afforded the self-employed—and their customers—a world of unparalleled convenience. From personalized drivers to at-home deliveries, the sky’s the limit for consumers and business owners alike. Just about every service you can think of is available at the tap of a button on your phone. Likewise for business owners, getting paid to provide these services has never been easier.
As makeup artist and eyebrow expert Suzie Moldavon explains, the mobile nature of her business made purchasing a card reader for her phone a wise investment. When clients pay for her services using a mobile payment app or credit card via her card reader, the income is automatically reported on her spreadsheets so she can track exactly how much she made, who paid her, the time she was paid and even the location. Additionally, the mobile payment system breaks down her cash flow according to regular compensation and tips, which makes reporting taxes that much easier.