For tax purposes, we need to account for the money earned, obviously.
Normally it’s when I invoice a client, then the invoice date is the official moment the revenue becomes eligible for taxes.
But since Fiverr doesn’t work with invoices and takes time for clearance, what moment should I pick to consider the money earned for tax purposes:
- Moment of order completion
- Moment after clearance
- When the money is withdrawn and hits my bank account?
I’m curious to hear how other sellers deal with this.