Dear community
I sell earrings on my website to raise money for Think Pink. The entire amount goes into my account. This is therefore considered income.
I keep a small portion from this amount (costs for the materials used) and the other portion is transferred.
I do not transfer the amount to Think Pink myself, but rather a beauty salon with which I collaborate.
How should I enter the amount I transfer to the beauty salon? Is this considered a credit note or an expense? I only have a bank statement as proof.
Thank you.
Kind regards,
Katrien