Net income
Know what your work earns you.
You know what you invoice. But how much is left for you? NettoWise brings your profit, costs and estimated taxes together. See your net income each month and what you have earned so far this year.
July
Net income
€0
Net (52%)
Costs (28%)
Tax (21%)
Revenue
€12,000
Business costs
-€3,324
Tax
-€2,486
July
Net income
€0
Net (52%)
Costs (28%)
Tax (21%)
Revenue
€12,000
Business costs
-€3,324
Tax
-€2,486
I just set aside 40%.
A fixed percentage makes setting money aside simple. You do not have to rethink it with every payment. But does that percentage still fit your income, costs and personal situation?
NettoWise helps you assess that. See how much the calculation allocates to tax and how much net income remains. Use that insight to support your rule of thumb and adjust it when your situation changes.
Feel free to keep a cautious reserve. Also understand what your business earns you.
Scenario
Always reserve 40%
Revenue
€8,000
40% for costs and tax
-€3,200
Personal income
€4,800
Difference compared with reserving 40%
Tax and healthcare contribution (Zvw)
€0 -
Personal income
€0 +
Scenario
Reserve based on a calculation
Revenue
€8,000
Costs
-€500
Tax and healthcare contribution (Zvw)
-€2,498
Personal income
€5,002
Difference compared with reserving 40%
Tax and healthcare contribution (Zvw)
€202 -
Personal income
€202 +
Scenario
Optimized calculation
Revenue
€8,000
Costs
-€500
Depreciation
-€250
Mortgage interest deduction
-€1,000
Tax and healthcare contribution (Zvw)
-€1,820
Personal income
€5,679
Difference compared with reserving 40%
Tax and healthcare contribution (Zvw)
€880 -
Personal income
€880 +
What does that mean for your month?
Can you transfer the same amount to your personal account each month? Does a larger withdrawal fit your income? And what do you keep on average when you include quieter months? Understanding your net income helps you base these decisions on your figures.
Your average monthly net income
Net income per month
€0
Average (YTD)
The latest salary is €617 above average
January
€3,800
February
€3,750
March
€3,950
April
€2,200
May
€4,100
June
€4,300
Essential Insight
Understand what remains.
A final figure becomes useful when you understand how it is calculated. See how your business figures translate into costs, estimated taxes and net income. That makes changes easier to explain.
Always understand how your income is calculated
Gross → Net (YTD)
Gross profit
€41,000
Net
€22,100 (54%)
Costs & premiums
€6,850 (17%)
Tax
€12,050 (29%)
See the bigger picture.
A good month looks different when you consider the rest of the year. Follow your net income over the months and see what you have earned so far.
Never underestimate the value of an overview
Per month
How much of your profit is left for you?
Try the demo for an initial estimate of your net income. Then continue in the portal with your own data and monthly calculations.