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Electronic payment

VVE
2022-12-19

Question

Customers can also pay me via a payment terminal (Sumup). If a customer buys something from €20, for example, the transaction costs (in this case €0.36) are automatically deducted when the payment is made to my bank account. This means that €19.66 is deposited into my bank account. What is the best way to enter this? Should I just enter €19.66 under daily income and that’s it? Or should I enter €20 under daily receipts and then €0.36 under expenses? (For your information: I am self-employed in secondary occupation, a small business subject to tax exemption).

It depends a bit, but I would say: enter 19.66 in daily receipts to make it easy for yourself. That is ultimately what you "received on" in your account.

You could also enter 20 and then enter the invoice from Sumup... But I would go for 19.66.

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