Performance-Sales vs Payments-Reports

[spegettiwestern]

Trying to figure out why these two things give me different numbers for 2023 and which one should be used for taxes?

-Sales shows me 16k total sales.

-Reports shows me 15k for orders.

-Sales shows me 11k for Net sales.

-Reports shows me 10k Net Transfers.

If I didn't have auto payout activated would that not show a payout/transfer made in January for December sales?

[spegettiwestern]

Looks like I'm right. Net Transfer lacks December sales when I subtract Fees and Expenses in Reports...

[caldreamer]

EBAY has "easy to read" 1-page report that shows YTD totals for (orders/gross sales, refunds, EBAY fees, shipping expense).   Go to Payments, Reports, REPORTS (NEW) and select LAST YEAR.

IRS requires that  you report "gross sales" (as shown on EBAY report) and then you deduct business expenses.   Keep all your receipts for prove your deductions.

$20,000 GROSS SALES

    -1,000 Refunds

    -1,500 EBAY Fees

    -  300 Shipping Expense

    - (your cost of goods, packing materials, office supplies, mileage and any expenses for your business)

$17,200 NET SALES (taxable income)

[spegettiwestern]

Yeah I'm looking at that.

Orders $15,390.28
Refunds -$236.45
Expenses -$3,725.45
Net transfers -$10,164.31 (subtracting those things above do not equal this)

There's a 1264.07 dollar difference.