I am thrilled to share with you this killer eSales Bookkeeping Spreadsheet, it is going to make tracking my eBay and/or Amazon sales and expenses a LOT easier. (See it in action in the video below)
If you haven't done it already, NOW is the time to get this system - or ANY excel-based tracking system - in place.
2 reasons I am promoting the eSales Tracking Spreadsheet:
- It makes tracking your sales and expenses 'hand-holding' easy with video tutorials;
- The way Amazon and Paypal each 'lump' your sales reports into one dreaded .csv file is a HUGE pain-in-the-rear. My Amazon.com transactions alone made up 400 Excel pages and I had to pay a freelancer and my CPA big $$$ to go 'massage' all 400 pages so my expenses and sales could be properly categorized.
If I had this spreadsheet (it's really a 'system') a year ago, I would have saved WAY over $200/month in accountant fees. The cost? A measly one-time charge of $29.97 with free lifetime updates. DISCOUNT: Get 20% off when you use coupon code JMFBA20 at checkout!
ALSO: Remember that Amazon will be reporting your income to the IRS (every calendar year) *IF* you have $20,000 or more in annual sales AND 200 or more transactions.
Regardless, you can get audited by the IRS if you are misreporting income far less than $20,000. I'm not trying to scare you, but audits to happen occasionally, and you don't want to have messy financials if it happens.
So start tracking your sales and inventory NOW...your CPA/Accountant will THANK YOU come tax-reporting time.
(If your total sales are over $500/month, I highly recommend (in addition to using the eSales) hiring an Accountant/CPA because things get MIGHTY complicated if you are going to report your income and expenses. (They'll get WORSE if you get audited).
I am double-backing this system's 100% Money-Back Guarantee! If for any reason the founder (Vickie) doesn't honor a refund to you (I know she will), I will refund you from my own pocket, personally. Also: Get 20% off when you use coupon code JMFBA20 at checkout.