I rent out bouncy castles and charge a deposit, but how do I set this up in the sale invoice because it is 0% vAT.
Kind regards, Kurt
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
I rent out bouncy castles and charge a deposit, but how do I set this up in the sale invoice because it is 0% vAT.
Kind regards, Kurt
Hi Kurt,
A deposit is actually money that you receive temporarily and then return. This means that it has no impact on your accounts. You do not need to record the deposit received on your income.
If you have received on a deposit but, due to circumstances, you are not going to return it (in full) to the other party, then the deposit becomes income that you must record in your accounts.
You can find more information in this article from the learning center: https://dexxter.be/een-waarborg-kost-of-opbrengst/
Kind regards,
Your Dexxter Expert
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.