the accountant asked for more information

[cristian3_6]

today i went to the accountant to pay the e bay taxes
I told him all the money I made in a year
but he asked me for more information
number of e bay sales
amount of item that I buy
value of items not sold
Can you tell me where I print everything?
And if there is something that cannot be told to me to take everything to the accountant?

thank you

[caldreamer · Accepted solution]

EBAY does have sales report (includes sales amount, shipping costs, EBAY fees, returned items).   Go to PAYMENTS, REPORTS (enter time period you want) and save report.   This report shows every transaction separately so you need to save time as Excel spreadsheet and total up amounts.   This report contains numerous columns of gibberish that you don't need (you can delete those columns).   

EBAY does not keep track of your "cost of goods" that you purchased for sale.   You should have created spreadsheet showing all your inventory (cost of goods & date your purchased item, inventory# that you assign to each item, date your sold item, EBAY invoice#).   When you create listing (be sure to include your inventory# in your listing).   After your item sells (print down EBAY invoice) and go to your inventory spreadsheet and record that item as sold.    You also need to keep receipts for all your expenses (cost of goods, mileage, EBAY fees, packaging materials).

[luckythewinner]

---

---

amount of item that I buy

The question is not clear.

The number of items you bought on eBay?

The amount you paid for the items you bought on eBay?

How much you paid for the items you bought to sell on eBay?

How much you paid for the item you sold on eBay?

eBay cannot tell you what you paid for your inventory. 

value of items not sold

eBay cannot tell you what you paid for your inventory. 

[divwido]

He's going to be very sorry he asked.

1224 feedback and you seem to not a have a clue in world what you've done, what you are doing or how to account for it.    Time to get to work, you have an entire year, plus a month, of accounting to catch up on.

[cristian3_6]

sorry the format has changed and I wanted to find how to do last year's print
yes you are right i was wrong in the question

[firesteel_surplus]

---

@divwido wrote:

He's going to be very sorry he asked.

1224 feedback and you seem to not a have a clue in world what you've done, what you are doing or how to account for it.    Time to get to work, you have an entire year, plus a month, of accounting to catch up on.

---

@cristian3_6 

You really need to talk to your accountant again and take a notepad and pen with you and ask him/her what info they need. I can give you a basic rundown, but they may want more.

You can put all of this info on a spreadsheet. There are easy ways to get totals of the columns once everything is listed.

List of items sold and cost. This is the cost of the item sold plus shipping if you are not doing free shipping.

Or...have a separate list for what you LISTED for shipping and a grand total.

Then the fun part. DEDUCTIONS.

List actual shipping costs. That might be a different number than what you had listed in your ad.

List ebay fees for each sale. You can break this down by the Listing Fee, Selling Fee, Promoted Ad Fee...etc...if you want. I do.

Did you have any mileage...ie...taking packages to the post office, UPS, or FedEx. Keep track of that. .65 a mile, I think. Not sure though.

Your cost of goods that you bought to resell.

Shipping materials...deduction.

The accountant may be able to use your personal vehicle as a business deduction.

If you are using a portion of your house, you can write a certain amount of square footage off.

Your ebay store cost (if you have a store)....deduction!

That is but a partial list.

You don't have to keep track of the taxes as eBay collects that and pays it to the states. But you can claim the 12.55% on the overall sale price (that includes the sales tax)  that they charge to do this honor for you.

Store owners have a certain amount of reports we can run that helps us get at least the eBay numbers. I see you don't have a store...not sure what is available to you.

You have a job ahead of you....

Good luck

Mike

Firesteel Surplus

[cristian3_6]

thank you very much your reply is very helpful
I am trying to print the sales of the year 2021 when I printed and by mistake it printed those of 2022

[firesteel_surplus]

---

@cristian3_6 wrote:

thank you very much your reply is very helpful
I am trying to print the sales of the year 2021 when I printed and by mistake it printed those of 2022

---

There should be a way to put a date range in there or possibly a dropdown box to select 2021?

Mike

Firesteel Surplus