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Independent Contractor
Laura avatar
Written by Laura
Updated over a week ago


1. What is an Independent Contract?

An independent contractor is a worker who provides services to a company under a contract, but is not considered an employee. Independent contractors are typically self-employed and operate their own businesses, and they have more control over how they perform their work compared to employees.


2. How do timesheets work?

All you need to do is fill in the time you spent on each day during the booking. Blank timesheet entries (one per day) are generated each day, so you cannot fill out time in the future - only on the day in question, and the past.

You can fill in your timesheets with half-days, full-days

or units depending on how you are being paid.

At the end of each week (or the end of the project, if that happens mid-week), you should submit your timesheet for approval. Once you've submitted your timesheet and it's been approved, you can upload your invoice via the 'Payments' tab.

For more information about timesheets and the platform, click here.


3. How do I submit an invoice?

Before we begin, please make sure you've accepted a contract and submitted the necessary timesheets.

As soon as you have submitted your timesheet and it's been approved, you can invoice via the 'payments' tab.

Please ensure that your invoice includes the following and is uploaded as a PDF:

✓ Your Trading Name
✓ Date of invoice
✓ Your Purchase Order Number - The PO number can be found under the client's name on the 'Timesheets' tab of your account or in the 'Payments' tab under "Purchase Order." Please include one unique PO number per invoice.
✓ Your Invoice Number (must be different on each invoice)
✓ Your Bank Account Details
✓ The exchange rate
✓ YunoJuno Address: Fitzrovia 33 Foley Street London
W1W 7TL

✓ and only if applicable, your VAT number


We'll make the payment to TransferWise and they will send you an email and all you need to do is follow the necessary steps to receive the funds. The reason why we're using TransferWise is to minimise the international bank charges that occur when you receive an international payment.

Please note: If you do not enter your information within 2 days, Transferwise will send a reminder email automatically. Emails will come from info@transferwise.com.
Also if you do not provide your bank details within 7 days of the transfer being set up it will automatically be cancelled and the money refunded to YunoJuno.


4. What are the payment options for a worker?

Hourly, Daily, or unit based e.g. per milestone or project.


5. How to update bank details

If your bank details are changing, you will need to let YJ Finance know by emailing verifications@yunojuno.com with the subject 'New bank details' and the documents detailed below.
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There are different documents you can provide in order to update your bank details;

Option 1:

  • Passport or Driver's License

  • Statement demonstrating registration of new bank account including name, address, and bank details

Option 2:

  • Birth certificate OR National Insurance OR Utility bill (need at least 2 of these)

  • Statement demonstrating registration of new bank account including name, address, and bank details

You should hear from the finance team 2-3 working days after emailing to confirm the update.


6. What are the YunoJuno's payment terms?

We pay freelancers booked through YunoJuno Marketplace within 14 days of timesheet approval (by the hiring client) and invoice receipt. Please note that when freelancers are directly invited by a client, client payment terms might apply.

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