Peppol deadline: 01-01-2026
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Avoid fines

Peppol deadline: 01-01-2026
00

Avoid fines

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Start-up capital and contribution of equipment and PPE for a sole proprietor as a secondary occupation

JV
18/12/2024
Question

I started as a self-employed sole proprietor in secondary occupation on 02/05/2024. I have just started using Dexter.

I incurred a number of costs before my company number was activated. To pay those costs (and have enough capital to pay the bills before I receive income), I deposited some ‘start-up capital’ into my business account in advance. How do I record that start-up capital?In addition, I have a number of devices and PPE that I already had and that I need to perform my services. How can I enter these as business assets? For some items, I have an invoice in my own name (without a vAT number), for others I no longer have an invoice (or receipt).

We have answered your question in a video: https://vimeo.com/1041100199?share=copy</

If the start-up capital and purchases of equipment and PPE for the start-up are not included in Dexter's accounts (vAT recovery is not necessary because I am exempted from vAT as my annual turnover is less than €25,000), then you will not see any of this back in the balance sheet.

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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