Accounting software

[traceyhasabag]

I can not seem to keep track of everything with an excel spreadsheet. I should be able to but I can not. Is there a recommended software to use for someone seriously considering making e-commerce a full time job although a newbie. And thanks.

[duffy4444]

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@traceyhasabag wrote:

I can not seem to keep track of everything with an excel spreadsheet. I should be able to but I can not. Is there a recommended software to use for someone seriously considering making e-commerce a full time job although a newbie. And thanks.

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@traceyhasabag:

  Yes, there's a serious and very promising online bookkeeping program called Seller Ledger being developed right now, and it's open for any of us eBay sellers to participate in using it while it's in beta test. The link is below.

   It's being developed by a group of programmers and professionals with the direction of Kevin Reeth, the original CEO of Outright, which became the now-defunct GoDaddy Online Bookkeeping. A lot of us eBay old-timers remember Outright and used it back in the day.

   I am one of the volunteer  eBay seller/consultants and current beta testers of Seller Ledger (SL), and have seen it grow into a really good replacement for GoDaddy, which sadly threw me, and many other thousands of us eBay sellers who used it, under the bus last June.

   It's purpose is to be a similar accurate and reliable online bookkeeping service with emphasis on simplicity & ease of use, and is intended for the majority of us eBay sellers that don't need an expensive and confusing service like QuickBooks. In the future, plans are to expand it by adding more online sales channels in addition to eBay.

   Check it out and spread the word. Here's the link:

https://sellerledger.com/ebay-bookkeeping-software/

Cheers, Duffy

[airguy]

unfortunately there doesn't seem to be any place to add cost of goods sold per item/listing so there is no way to actually track your profit with the software. unless I missed it somewhere. to have to keep another ledger to  track all your goods sold seems like another step that could be handled with a spreadsheet or a different program... 

[shipscript]

@airguy 

A clever way to add cost of goods during listing creation is to add a value to the listing's Custom Label (SKU) field — as an addon to the SKU that is already there, or as a standalone value if not using SKUs. A spreadsheet can split that label into two or more columns based on the user's choice of delimiter, such as a space, comma, colon, slash, or vertical pipe, as long as the same number of fields are present in each label.  The SKU is returned in many of eBay's reports and can be split to extract the cost of goods.

Below are examples of using a vertical pipe to separate the price (and other values) within the SKU:

AB234345 | 4.56

CB 4534534 | 5.97

Shelf 1 bin 3 | 28.79

Clothing, men, shirt, long 250 | 28.99

399.00 | Watch | man | casio#2154 | dwr 12