Sales Report: Gross Sales and Net Sales

[miniaturesun]

Sellers Hub, Performance Tab, Sales. For the purpose of reporting income, calculating taxes owed, etc, what figure do I use as top line sales? Do I uses "Total Sales" that includes seller fees, shipping paid by buyer, and buyer sales tax handled by ebay, or do I use the "Net Sales" number minus those things. I'm looking for my top line gross sales number that I will subtract cost of goods, and all operating expenses from, to arrive at the actual income number that is taxable. Thanks.

[winterpalace25]

Use the gross sales, but not the sales tax collected by eBay. You never received that tax. Ebay took care of it. Then deduct your expenses.

[monica-sells]

Personally, I prefer using this report to do final accounting for the ebay side of my books

you might give this a look too....

https://www.ebay.com/sh/fin/reportslanding

It gives all the basics if you are not looking for all the superfluous details like some of the other reports

[luckythewinner]

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@miniaturesun wrote:

Sellers Hub, Performance Tab, Sales. For the purpose of reporting income, calculating taxes owed, etc, what figure do I use as top line sales? Do I uses "Total Sales" that includes seller fees, shipping paid by buyer, and buyer sales tax handled by ebay, or do I use the "Net Sales" number minus those things. I'm looking for my top line gross sales number that I will subtract cost of goods, and all operating expenses from, to arrive at the actual income number that is taxable. Thanks.

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I export my entire transaction history and do my own calculations.

That way I know exactly what the numbers mean.