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How do I record government subsidies, donations and gifts in DEXXTER? You can only record sales invoices and daily receipts.
How do I record government subsidies, donations and gifts in DEXXTER? You can only record sales invoices and daily receipts.
If a subsidy is untaxed, it does not have to be included in your accounts, but if it is taxable, it does. This depends on the subsidy.
I wonder whether that other income is professional income. A donation or gift can just as easily be personal. Tips are different, though; I know that they are professional income with 0% vAT.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.