The company I run is an arts organisation and we have recently started a support scheme, through which individuals and organisations can make one-off or regular donations in support of our work. At the moment, this income is received online in the form of PayPal or Stripe payments.
How do I record the income we receive from donors? It seems odd to raise an invoice, as well as time-consuming to do that for every transaction (which will only ever be small amounts of money.)
Does anyone have any step-by-step advice about this? I'm based in the UK, if that makes any difference!
