Correction: revenue without an invoice

Created by Yasmine Seijmonsbergen, Modified on Tue, 27 Feb 2024 at 11:51 AM by Dennis van Rooij

Sometimes you earn money without sending an invoice. For example, as a musician, you might sell a record of your music without sending an invoice. For instance, a cash transaction after a concert you've performed.

If you have such income, you must include it in your records, and you must also pay VAT on it as you normally would. You can easily do this within Gekko by entering a 'Correction'.

For example, if you've made €100 in revenue without sending an invoice, you need to enter this amount by creating a correction.

Making a correction for revenue without an invoice:

1. Go to your invoice overview on the website of Gekko.

2. Click on '+Upload.'

3. Click on 'Correction' (see Image A).

4. Enter the amounts of your revenue.

5. Select the VAT percentage you need to pay.

6. Provide a relevant description (e.g. "Record sales Q1 2024") and upload your correction.

The amount of your revenue is now in your account as a 'Correction' and can be included in your VAT return (see Image B).

Image A. Example correction tool

Image B. Example invoice overview with labels 'Correction' and 'Sent'

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