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Reverse-charged vAT

I purchase packaging to from a dutch supplier. As a small business with limited turnover, I am exempted from VAT. The Dutch supplier charges me 0% VAT and states ‘VAT REVERSE CHARGED’ on its invoice. In this case, should I question for a new invoice with VAT stated (since I do not have to file […]

Cost category: mortgage interest

I would like to enter a percentage of the interest on my mortgage as an expense, but I am not sure which cost category this falls under. Can anyone clarify this for me?I thought it would be under “property maintenance, partially related to your profession”, but I am not sure here…

Purchases of music equipment

Hello, I am an (amateur) musician, self-employed in a secondary occupation, not subject to VAT. I purchased a new monitor (Bose S1 Pro +, €584) for sound amplification during my performances. However, it can/will undoubtedly also be used privately from time to time as it has Bluetooth. Can I enter this as an ‘investment’ or […]

Payment in kind

Hello, I provided services and was paid for them in goods. The client gave me an invoice stating the normal price of the items and then a line with a discount as compensation for the contribution to services as stated. How should I process this for accounting purposes? Or should I issue an invoice for […]

QR code not working?

Hi, The QR code is created good, but it still doesn’t work? What do I need to do to make it work?

daily receipts

As a coach, is it sufficient to enter your 1-day consultations as 1 daily receipt, or does this need to be specified per patient in order to avoid a separate cash book?

Business gift

How do you record a business gift, e.g. a gift to a very good customer? How do you record this? There is no separate purchase invoice for it. The gift is stated among other items you have ordered on one invoice.

Including a mortgage loan

As far as I can tell, I can include part of my mortgage loan as an expense since my business is at home. But how do I do that? Is it with the yearly tax certificate for taxes or…?

Expired items, how to book them?

If something is past its use-by date, you can no longer sell it. Broken products, whether or not caused by a customer, wilted flowers that you can no longer sell. How do you record such items?