ebay business account for sale
How can I design an income statement for my eBay business?
Possible Accounts: sales revenue, shipping and handling revenue, inventory expense, shipping expense, paypal expense, ebay seller fee expense.
I have a balance sheet already…should I use the balance sheet or the above accounts directly? Please try to give me some help.
Revenue:
sales revenue
shipping and handling revenue
Minus Expenses:
inventory expense
shipping expense
paypal expense
ebay seller fee expense
Sales tax for in-state “ship-to”
Depreciation expense (if you sell depreciable items like electronics – straight line depreciation)
=Net Income
Use QuickBooks
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