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.
Hello,
I am a physiotherapist (so not subject to VAT) and have a sole proprietor but work in a group practice. Every month, they deposit my share of what I have earned that month. This is not invoiced or anything like that, so how should I enter this? Is this daily income on the day they deposit my wages?
Thanks in advance!
If you receive an overview from the group practice:
Enter the full amount (100%) as income via 'Income' → 'Sales invoices' -> 'Upload invoice'. So enter everything here, the full 100% of the turnover.
Enter the commission retained by the practice (e.g. 30%) as an expense via 'Expenses' → 'Costs' under the category 'Practice retention' (create a cost category for this here under general expenses).Always keep the group practice summaries as supporting documents for any tax audits! That is why we recommend doing this via 'Upload invoice' under income. This way, all those payment statements are always directly in your accounts.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
