Accounting for funds recieved
You are being renumerated for work on your project from the Cardano Treasury so there in no-one and no organisation to invoice. Here's record the funds arriving in your business account.
Record the funds arriving in your business account without issuing an invoice by;
Setting up a record-keeping system (see 'Keeping track of your funds') Have a system in place to keep track of all financial transactions related to your business, including incoming payments.
Create a receipt or statement Even if there is no invoice, create a receipt or statement to document the payment. This should include the date, amount, and source of the payment, i.e.; Cardano Treasury.
Categorize the payment Assign the payment to the appropriate account in your record-keeping system, such as “income” or “revenue.”
Reconcile your accounts
Make sure that the payment is reflected accurately in your business account by reconciling it with your bank statement.
*Different countries and jurisdictions may have different rules and regulations regarding cryptocurrency and its taxation. It is recommended that you consult with a financial advisor or accountant to ensure that you are complying with all applicable laws and regulations.
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