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;

1. 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.

2. 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.

3. Categorize the payment Assign the payment to the appropriate account in your record-keeping system, such as “income” or “revenue.”

4. 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.