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Income from a grant

2024-04-23

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Hello,

I am a freelance journalist and recently received on a grant from a journalism fund to support my project. My question is: under which heading should I include this in my accounts and in Dexter? How much taxes am I paying on it? But also: on the one hand, the grant is compensation for my working time, but it is also to cover expenses for the project (petrol, hotel accommodation, etc.). Do I also have to include those costs in my accounts? Then I have the money from the grant as income and all the costs I cover with it as expenses, so that’s double entry.

There are different types of grants and subsidies. Some are taxable and others are not. If it is taxable, you should definitely stop it in your accounts. But in your example, I don't quite understand why you are recording it twice. You are recording the grant as income and the expenses for which the grant is intended as expenses. This means that the costs of that income are effectively included in your accounts. So it seems to me that this is exactly what it is intended for?

Hello!
Thank you for your response. I don't know whether that specifically grant (Pascal Decroos Fund for Special Journalistic Projects) is taxable or not. How can I find out? Through an accountant?

Same question here. Is there a special function for entering grants?

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