Good app to manage your small business

[retro_licious]

I need to organize my small growing ebay business. I want to easily be able to scan receipts, integrate with ebay and needs to be very user friendly. I need to be able to get info for end of year tax purposes. I want it as simple as possible because I avoid this portion of the business like the plague.  I need to be more organized and automated.I looked at Quickbooks but it looks very complicated. I'm very small $2500+ per month. TY

[caldreamer]

EBAY has "easy to read" 1-page report that shows YTD totals for (orders, refunds, EBAY fees, shipping expense).   Go to PAYMENTS, REPORTS (select LAST YEAR).   This provides most of the information you will need to tax time.

GROSS INCOME (this is the amount you report to IRS)

-Refunds

-EBAY fees

-Shipping expense

-Other expense (cost of goods, mileage, packing materials, office supplies)

NET TAXABLE INCOME

You just need to create spreadsheet to track your inventory "your cost of goods".    Your spreadsheet should include (date you listed item, your cost, description, date sold, refunded merchandise, date resold).   You keep the same inventory sheet "forever" (just keep adding or subtracting).

 $3,000 BEGINNING INVENTORY (Jan. 1)

+$1,000 New Inventory Added

-  $500 Inventory Sold

+  $300 Returned Merchandise (returned to stock)

$3,800 ENDING INVENTORY (Dec. 31)

You should create a spreadsheet to track miscellaneous expenses (mileage, packing materials, office supplies).    Be sure to keep all your receipts to prove your deductions.