Fees on invoice (Revenue)

[JFearns]

We invoice our clients for services provided at a fixed fee. We also invoice them (on the same invoice) for paying fees on their behalf (which they reimburse us for when they pay our invoice).

My question is, do we count the fees as part of our revenue?

Many thanks.

 

[MyAccountantOnline]

We invoice our clients for services provided at a fixed fee. We also invoice them (on the same invoice) for paying fees on their behalf (which they reimburse us for when they pay our invoice).

My question is, do we count the fees as part of our revenue?

Many thanks.

Are you calculating your turnover to see if you need to register for VAT?

 

[JFearns]

Are you calculating your turnover to see if you need to register for VAT?

Hi, no we are already VAT registered. We have been asked by a finance company (who are a client of ours) what our revenue is. Thanks.

 

[MyAccountantOnline]

If the costs are disbursements they should be excluded.

 

[JFearns]

If the costs are disbursements they should be excluded.

Right ok, thank you.