Hello everyone,
My company participates in events and the event organisers ask us to pay a deposit. This is charged at 0% vAT. I get this deposit back after the event. Do I have to enter this as an expense? Because it’s a bit unclear and I can’t find an answer to it right away.
No, this is not an expense. It actually has nothing to do with expenses because you are not buying anything. They just want to be sure, hence the deposit.
So I can deduct the deposit when I enter it?
For example, if it is 100 euros for a stand and 50 euros deposit, do I only enter the 100 euros?
Thanks in advance!
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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