Regards,
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@shipscript wrote:We have had eBay staff confirm several times that the 1099K is based on the Payout date - the day that money is sent from eBay to your bank (not the sale date, not the buyer payment date, and not the date that your bank actually posts the funds), and that refunds are not a part of the 1099K.
You have a valid question about the seller hub report, when comparing it to the 1099.
To reconcile the month, it would seem to me that sellers should use the MP payout date and then move all of the settled transaction data over to that date to make the numbers align. This means the cross-month data for bookkeeping purposes will not align with 1099 data for some transactions, and so the data will be hard to interpret. We can see dates in the CSV report.
The CSV I'm referring to is not the one shown in the screenshot above.
@shipscript Here is the litmus test for eBay's accounting practices. When I was with PayPal their database records matched what the 1099K had. As a Tax ID holder I have to report my sales during the calendar year (either quarterly or bi-annually) ... so I always used the PayPal CSV file to generate my sales totals during the year ... so for the last part of any year I would do that in January and then compare my total from several points during the year with the total on the 11099K ... no issues ... it was actually a good double check process to be honest.
When eBay took over those duties I was concerned that they would not get it right (let me add "at first" here in all fairness) and ALL of the threads about this topic (this year) and questions on when they (eBay) does or doesn't record a transaction on either the CSV file OR 1099K tabulation OR Transaction report etc are important questions ... the numbers should ALL match since they ALL stem from the same set of transactions. PayPal must have done it in real time (maybe because they fronted the money) ... eBay apparently doesn't work in real time (we know they don't front the money) ...
I was also concerned that the burden of accurate accounting would fall on Sellers (your second full paragraph above) and I think that is what happened here. And while I "get" that eBay has stated they only use amounts that have bent sent as "Payouts" it again points to poor accounting since for Weekly Payout Sellers they could have an entire week of sales missed at the end of the year AND that amount could be compounded if the final Payout day falls on a Tuesday after a Monday Holiday because they HOLD that money for an extra week ...which, if my calendar is accurate will happen this year when Christmas is on Sunday Dec 25th but Monday the 26th is the Bank closing Holiday (the observed day I think they call it) so the Tuesday Dec 27th Payout will push to the following week which is January ...
Sorry that last sentence was a run on but there is a lot that has to tie together for the numbers (and planets) to align ...
Now they making 3sec calls so you are unable to answer and they send email they called but I have no missed call.
Just spoke to another rep who was confused what 1099k is . I asked for supervisor and had to hang up as the lady was pretending she is looking for one . Call lasted 1 and 14 min. I am just placing complaint with gov. Theyare supposed to know what they doing and correct it when asked for. I need accurate monthly gross and not approximate.
you can review all your gross transaction here except that months are mixed up.
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