Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
Who uses fee-bay anymore? For that matter, who uses paypal other than to pay somebody else? IRS is a day late and a dollar short if you ask me... lol
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
There are a lot of folks who do business on the side on eBay, have some extra cash in their pockets. Some as hobby, some, more than hobby or continues to grow more than expected. Since the IRS now...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
Quickbooks can hook up to eBay, Paypal, and Amazon via third party applications. This is one example of the third party applications out there for eBay and Paypal, for a fee.
...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
I know there is a QB community on Intuit's site, but their Q&A is very scattered, where this would be more focused.
One of the biggest questions I've seen out there is the tracking of Paypal fees...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
General question, then how to enter the solution into QB.
Example
Purchase a laptop for $400, sold for $600
Payment was done with $300 with your credit card
Payment was done with $100 Staples...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
that is what I was thinking, if a rewards is used for purchase of an item for resale, you should have an asset/income account to debit the amount. Essentially, that rewards amount would be tax since...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
No matter what the rewards are used for, it increases your net profit. Being taxed on it doesn't necessarily make it a bad thing because you still made more money.
Speaking of taxes, I always tell...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
Technically, even for personal use they increase net profit. Chances are you won't get caught though.
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
You underestimate the ability of people to not pay taxes. The IRS turned on the light and the roaches just scattered.
Quickbooks for ebay selling? That seems like a waste over...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
$300.
You are also confusing gross profit and net profit.
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
You can waste a lot of time drilling down the details in QB and my belief is "simpler is better. I would recommend recording all the fees and rewards to general expense accounts (basically as...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
With ebay you just set up the free monthly reporting and print that little piece of paper that breaks everything down.
With paypal you pull the financial report that breaks everything down on one...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
That was the conclusion I was coming to as well about using earned rewards on purchases that has a net profit. Don't want to be taxed on rewards, so will leave them for personal use. Appreciate the...
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
Great idea, I would love to hear similar tips from small non-profit perspective as well.
Quickbooks & Your eBay Business
Expired
Thread created 01-17-2013 by blackblaze
+2 Score
14 Replies
2,236 Views
Any idea if any software can connect to amazon, paypal, ebay, etc... to show all of the fees and such. I use a spreedsheet now to track profits on sales and the worst part is going through and...
