03-05-2019 04:06 PM
In the area where it shows your rolling previous 12 months sales, does that include the shipping and sales tax you collected from your buyer? Or is it just the "price" of the item?
PS. I hate doing my taxes.
03-05-2019 04:39 PM
The way I do it is
PayPal Sales activity includes all money received
PayPal purchase activity equals Shipping and eBay Fees
Go to eBay and find the yearly fees and separate it from the purchase activity and that ends up with shipping total.
Purchase activity minus eBay fees minus shipping equals total sales.
I make sure I keep PayPal clean for this purpose. Hope this doesn't confuse you more.
03-05-2019 10:52 PM
I think you meant to say:
Sales activity minus eBay fees minus shipping equals total sales, right? Not Purchase activity.
Yes I know what you are talking about. But I was specifically wondering about that 12 month sales figure in the dashboard. Does it include sales tax and shipping collected from the buyer? Because I have no idea how eBay got that number. It's waaaay off compared to me pulling PayPal reports from 3/1/2018 - 2/28/2019 and calculating my gross sales.
03-05-2019 11:11 PM
@bigdeals.etc wrote:In the area where it shows your rolling previous 12 months sales, does that include the shipping and sales tax you collected from your buyer? Or is it just the "price" of the item?
PS. I hate doing my taxes.
Not on Ebay. They are just coming out with a report later this month that was announced in the Early Spring Update. But it will only go back up to 90 days at this time. They plan on having it go back further, but there had not said when that will become available.
You are a pretty good size seller. Do you keep your own records throughout the year?
I keep my own records in Microsoft Access. I use the Paypal reports to help me balance my sales, not as my sales records, but to help me make sure that my records in Access are correct and I didn't miss anything. Also from the PP reports I can get my PP fees and any shipping I've paid for.
In Ebay, from our Seller Invoices I get my fees I pay to Ebay.
I could go on, but if you'd be more specific of your needs, maybe I could offer some suggestions.
03-05-2019 11:12 PM
@bigdeals.etc wrote:I think you meant to say:
Sales activity minus eBay fees minus shipping equals total sales, right? Not Purchase activity.
Yes I know what you are talking about. But I was specifically wondering about that 12 month sales figure in the dashboard. Does it include sales tax and shipping collected from the buyer? Because I have no idea how eBay got that number. It's waaaay off compared to me pulling PayPal reports from 3/1/2018 - 2/28/2019 and calculating my gross sales.
No but the reports in PP do.
03-06-2019 12:36 AM - edited 03-06-2019 12:36 AM
Naw I'm good thanks for the info though. My CPA helps with bookkeeping and I use Access for my own too. Along with that, I mainly use PP reports and my business credit card statements to cover mostly all of my tax info. I never use anything eBay provides. I was just curious about that number in the dashboard. That's all.
There seems to be numerous ways in ebay for you to find the same tax figure, but they often come up with different numbers. That's why I don't trust it. PayPal handles the money, eBay doesn't.
03-06-2019 09:47 AM
Well as you know, your dashboard numbers are for the past 90 days. So soon you will be able to pull reports from Ebay to cover what you see on your dashboard. Keeping in mind that the sales figures Ebay shows you are including any cancellations or UID sales you have had.
03-06-2019 11:26 AM
Dashboard includes shipping that's why the percentage is always skewed. That's if I am looking at the same thing.
03-06-2019 11:30 AM
@bigdeals.etc wrote:I think you meant to say:
Sales activity minus eBay fees minus shipping equals total sales, right? Not Purchase activity.
Yes I know what you are talking about. But I was specifically wondering about that 12 month sales figure in the dashboard. Does it include sales tax and shipping collected from the buyer? Because I have no idea how eBay got that number. It's waaaay off compared to me pulling PayPal reports from 3/1/2018 - 2/28/2019 and calculating my gross sales.
If you purchase shipping on eBay and it comes from PayPa,l it is included in purchase activity. So Purchase activity minus ebay fees leaves shipping. Like I said I keep PayPal clean but if I purchase supplies or inventory from PayPal it ends up in the wrong category (shipping) but it is a wash anyway.