We are a community workshop that has a membership fee and is a CIC limited by guarantee, and a non-profit.
I understand that our membership fees are not taxable, so where in the ledgers should these monthly fees be entered?
Hello @Amateurtechno
You may wish to check this with your accountant as it is not something the support team could advise on unfortunately.
I will leave the post open as there are some accountants who use the forum who may add a comment.
You really need to speak to your accountant, but essentially you just record them as revenue. The code itself doesn’t matter, you can always add a new one if you prefer.
What you do with them on your tax return will depend on the nature of the fees, and whether you are subject to corporation tax. Your accountant will presumably deal with this for you.
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