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Selling through online platforms gives you a huge outreach: you can now even sell in other countries. If youâve sold via Bol.com, Etsy or Amazon before, youâll probably have noticed that you donât get a regular invoice. In this article, we will therefore explain how to enter such online revenue into Accountable.
At the end of the month, you will receive an overview of what you have earned and which costs have been deducted. These commissions are subject to the reverse charge regime, but this is not the case for your revenue. The price that the platform charges already includes the local VAT that your customers have to pay. So itâs not 0% VAT, but the VAT percentage of the buyerâs country! German private individuals
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Create a private customer called âGerman private clientsâ: this groups your customers
Create an invoice for this client in Accountable
Give as total amount (incl. VAT) the amount that you have sold to German customers via the platform
For these earnings, you will have to submit a regular German VAT return in the next quarter.
For your customers outside of Germany, the situation is slightly different: the VAT rate will not be the German rate, but the VAT of that country. For these customers, you should proceed as followed:
Create an invoice per country outside of Accountable with the total amount incl. the foreign VAT. It doesnât need to be pretty, itâs just to have the numbers.
Create a private individual client in Accountable that you call âDutch private clientsâ for example
Import the invoice in Accountable, but attention: select 0% VAT. Even though it has a VAT-amount on it, you only add the amount excl. VAT in Accountable, which will be calculated for the income tax.
The VAT on these invoices will afterwards be declared via the OSS portal. Read this article to find out how.
The document with the commission charges can be added to your expenses as âOffice and administrative feesâ. The various transactions that appear in your account can be linked to the respective invoice. The amounts wonât fully correspond to the invoice amount, as the commission costs have already been deducted from it, but this should not be an issue.
Author - Valesca Wilms
As content marketing lead at Accountable Belgium, Valesca writes about freelancing, self-employment, and taxes based on her own experience as a freelancer.
Who is Valesca ?Thank you for your feedback!
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Read moreThey always answer right away to any question I have, they provide clear answers, and they are very patient even when I struggle to understand. They try to explain in different ways. They are very helpful, responsive and friendly.
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