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Dear community, I have started a reward-based crowdfunding campaign on the Ulule platform. Some people who just wanted to support us have made a donation. Others have made a contribution but expect their ‘reward’ in return. For example, for a contribution of 20 euro or more, you get X & Y, for a contribution of 50 euro or more, you get X, Y and Z, and so on. Now, these rewards are more expensive than the normal price of these products, as it is of course more about the support.
Do I have to enter the donations in my accounts as income (even though I haven’t sold anything)? If so, how?
Do I have to enter the full amount that people give to receive a reward as income (even though part of it is actually a donation and part of it is something we sell)?
If anyone has experience here, please let me know! Thanks in advance for your help!