Hello,
i don’t know how to enter my income generated from sales via Etsy or Booking.com.
Through Booking.com, I receive a credit note for the commissions I earn on bookings made through my website.
The credit note is therefore not necessarily paid out; it is only paid out when my commission income exceeds a certain threshold (e.g. from £100 income). For example, if I receive a credit note for commissions in April 2022 from €50, it will not be paid out because it is below the threshold. If I receive another credit note for €75 in May 2022, I will be paid €125 in June because I will then have reached the threshold for payment.
How do I enter this? On the date I received the credit note for the amount stated on the credit note? Or on the date I was actually paid by Booking.com into my account and for the amount that was deposited into my account (i.e. a compilation of various credit notes)?
I received on a kind of invoice via Etsy, but here it never states a company number or vAT number. I am not subject to VAT, so it should be usable for my accounting.
Do I enter this income as it is stated on the invoice (i.e. dates and transaction amount)? Or do I enter what Etsy actually paid into my account? After all, Etsy immediately deposits the net amount, i.e. my income minus my costs (advertisements, transaction costs). The problem is that I don’t receive an official document from Etsy with my costs to enter. I have no idea how to correctly enter the above Etsy income and costs. Help 🙂