Anyone who sold on eBay for a while has learned that eBay does not make it easy to make or lose money. With end-points, subscription fees, PayPal payments, shipping costs, and returns, it can be a bit too much. Especially because eBay handles these different fees and transactions in different ways. For example, final fees and subscription fees are added to your monthly eBay account. However, PayPal payment fees are directly from payment. Returns are treated as a separate PayPal transaction. Most people count on Spreadsheets such as Microsoft Excel or accounting software such as Quicken or Quick Books. The problem with this approach is to not allow you to simply import your PayPal data. Instead, you need to download the files and then edit the results using a CSV file. Which is very time consuming.
Then there's the simple idea of doing everything in an Excel spreadsheet. What I've been trying to do is create columns for all eBay fees, PayPal fees, and shipping costs. If you have hundreds of transactions per month, you may become mentally ill to return to all PayPal and eBay records and manually rewrite the data. In addition, a simple mistake spoils everything. From then on I found an interesting solution: eBay's third-party developer is an accounting application. The application promised to do some wonderful things, namely importing all PayPal Payments and eBay and PayPal charges. The fees will automatically go to costs and payouts over income, allowing you to only cost of shipping and inventory costs. He also said that he could create tax information for quarterly or annual tax payments. I was skeptical, but at that time the application was free, so I gave a shot. I have to say, I was amazed at how much they were up to what they promised. It's very easy to track the costs and see how well I am like a seller.
Even if you've recently moved to a subscription service, I still think this is one of the best accounting solutions for eBay sellers. With a small monthly fee, you release time spent on everyday accounting tasks, so you can concentrate on: Growth in your eBay business.
Source by sbobet