Community

invoice costs

SS
2023-10-17

Question

Hello,

I started as a self-employed person in a secondary occupation on 12/06/2023. I am entering invoices that may qualify as expenses.

For example, I have entered the fire insurance. The invoice from 2022 for the period from September 2022 to August 2023.
Is it correct that I can only count part of the 2022 invoice (from my start date)?

Do I have to split the 2023 invoice for the period 2023-2024? I mean, for the part of 2023 this financial year and then another part in 2024? Or does the invoice date simply apply here?

I hope my question is clear 🙂

Thank you!

Kind regards

Sarah

In any case, you cannot claim 100% of your fire insurance as a business expense. After all, part of it is also personal. For example, you can claim 20% as a business expense. You can then indeed claim 20% *the amount of enabled months* of the price.

Has this answered your question?

Kind regards,

Louise

www.ticenits.be

Dear Louise

Thank you for your response! I knew about the 20% :-) Now I am sure that I have to calculate the amount of enabled months.

For the last invoice, I just want to know if I can book the full amount (to 20%) in this financial year 2023? I'm unsure because this invoice covers both 2023 and 2024.

Kind regards,

Sarah

Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

How do you report income from companies such as Etsy and Booking.com?

Invoicing companies in other currencies

Return code 1600 – negative amount

Private flat also serves as an office: how do I claim the costs?

Invoice from an inspection body

Meal vouchers

Private withdrawal

sales invoice

Posting purchase invoices with different categories

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter