Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
There are already several topics on this, but I can’t find a conclusive answer to my question/situation.
Suppose I sell something to a private person for £10 on a webshop.
Seven days later, Mollie transfers the amount to my account (£9, given £1 transaction costs).Should €9 be added to the daily receipts on the date of receipt, and the invoice from mollie (€1) be entered as an expense? Doesn’t this mean that I have recorded a profit of €8 instead of €9?
Dear MJ,
You charge your customer €10. So you include €10 in your daily receipts.
The €1 transaction fee is an expense for you, so you include it in your expenses. You record this using a document you receive from Mollie.
This is the only correct way to record your income and expenses, giving you the correct profit of €9.
Kind regards,
Your Dexxter Expert
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
