Hi I am trying to set up an accounts system for a business I have just been cleared to start. I have been awarded the Back To Work Enterprise Allowance by The Department of Social Protection. My business is an online tarot consultancy course which I built on WordPress, . I have yet to open a proper bank account and am at the messy stage where I have paid for certain items e.g. my hosting renewal, domain, microsoft online with personal bank account or credit card etc. I will be opening a proper account very soon as only got cleared for business on 4th and they have to register me with revenue etc. I will receive a payment of €188 per week from the DSP as part of their enterprise scheme. This is transferred directly into my bank account by the DSP. How do I record this ‘Money In’ payment as it is not a sale and no invoice has been raised for it? I am not sure how and where it should be categorised. It has to be recorded. Can you help? Muddling my way through this. I am registering business name next week with CRO. I am keen to use Bullet for my business and it should be very simple once set up properly.
Hi I am trying to set up an accounts system for a business I have just been cleared to start. I have been awarded the Back To Work Enterprise Allowance by The Department of Social Protection. My business is an online tarot consultancy course which I built on WordPress, . I have yet to open a proper bank account and am at the messy stage where I have paid for certain items e.g. my hosting renewal, domain, microsoft online with personal bank account or credit card etc. I will be opening a proper account very soon as only got cleared for business on 4th and they have to register me with revenue etc. I will receive a payment of €188 per week from the DSP as part of their enterprise scheme. This is transferred directly into my bank account by the DSP. How do I record this ‘Money In’ payment as it is not a sale and no invoice has been raised for it? I am not sure how and where it should be categorised. It has to be recorded. Can you help? Muddling my way through this. I am registering business name next week with CRO. I am keen to use Bullet for my business and it should be very simple once set up properly.
I'm not sure how you'd record that in Bullet. Your accountant will be able to advise though.
Bullet has all the accounting logic built into its workflows. So you never need to learn anything but know your compliment. grinning
That's no problem.