Vendor Accounting and Taxes
This guide deals exclusively with the relationship between you as a supplier and Flightsim.to as a seller of your products. If the laws in your country require it, you may have to bill us monthly when we remit payments to you. Please note that you sell your products to us, and we sell them to end customers. Therefore, you may have to bill us for the products you have delivered to us for each billing cycle.
Information provided in this guide is not a legally binding legal advise. Please contact a tax advisor if you need help with handling taxes on your payouts.
In most cases, the correct way to account for sales that go through Flightsim.to is to record each payment we send you as Wholesale Sales. It is legally the same scenario as if you made widgets, sent them to Walmart to sell, and they pay you wholesale. You do not record the total sales Walmart made or record Walmart's profit margin as an expense. Instead, record the money Walmart sent you as wholesale sales.
In these cases, you should handle your accounting and taxes for the sales through Flightsim.to in the same way. From a tax standpoint, the only thing you need to do is:
- Check your Total Revenue Reports on Flightsim.to, to see what we will pay you.
- Record the values as Wholesale Sales in your accounting system.
- Check whether these payments have to be taxed or reported to your countries authorities, which should be the case most of the time.