How to Record AdSense Revenue in Fuluflow

Some companies choose to utilize Google's AdSense program, where you earn money by displaying ads on your website. It's a way to earn some extra income on the side.

This revenue should be recorded in your accounts. The most important thing to remember is that Google is located in USA, so it should be recorded with the correct VAT rate.

We'll provide an example here where you've received income from the AdSense program through a bank transfer. First, we need to create AdSense as a product in Fuluflow.

How to Handle AdSense Revenue

Before we can record AdSense revenue, we need to create a revenue account for it. You can follow our guide on how to create an account in the chart of accounts. The account should belong to the 1100 - Revenues account group and have an available account number. For instance, you can name the account "Other Operating Revenues."

First, we need to create a product in Fuluflow

After that, we need to create a new product.

1. Select Sales.
2. Choose Products.
3. Click Create Product.

• Enter "Affiliate" or "AdSense" under Name.
• Select the new account under Revenue Category.
• Choose the VAT rate "Standard Sale of Services."
• Click Save Product.

The product is now created.

Next, we need to create a new contact

Now, we need to create Google as a contact. You can create a contact by going to Cash → Create Contact.

• Enter "Google" under Name.
• Select "Ireland" as the country.
• Check the Customer box.
• Click Save.

Google is now set up as a contact, and we can proceed to record the income from AdSense.

Recording AdSense Revenue

Now that we've created the product and contact, we can record the AdSense revenue.

We do this through the invoicing module. Click on Sales → Invoices → Create Invoice.

• Select "Google" as the customer.
• Choose "Affiliate" as the product.
• Enter the revenue amount.
• Click Approve.

You've now created the invoice. Next, you need to register the payment to your bank account by clicking on Register Payment.

When you register a foreign invoice like this, you'll also be able to see the full amount under Section B in the VAT return. You can find the VAT return under Reports → VAT Return.