Skip to main content
T
tayloredbrandsll
March 17, 2022
Question

Hello! How can I track eBay expenses - such as fees from selling on the platform? eBay sends payouts after fees and shipping are taken out. Is there a setting in the app?

  • March 17, 2022
  • 1 reply
  • 0 views
As of now, we receive the payouts daily from eBay, but since it already includes the fees and shipping expense, we don't want to double report them.

1 reply

Rose-A
Rose-A
March 17, 2022

Hey there, tayloredbrandsll. Let's get your eBay expenses tracked in QuickBooks Online.

 

You can manually record the fees and shipping expenses in QuickBooks Online by adding another line item for the expenses upon depositing the payments and entering them in a negative amount.

 

Here's how:

 

  1. Click + New in the left panel and choose Bank Deposits.
  2. Select the invoice payment.
  3. In the Add funds to this deposit field, choose the relevant account for fees and shipping expenses.
  4. Enter a negative amount, under Amount.
  5. Hit Save and close.

 

After that, once the payouts show on your banking page, you can match the transactions from there. In case you want to reconcile the account, you can follow the guide in this article: Reconcile an account in QuickBooks Online. This will provide you with steps on how to manually reconcile your account that's not connected to online banking.

 

Let me know if there's anything else you need in QuickBooks, I'll be around to help. Have a good one.

Rose-A
Rose-A
March 18, 2022

Hi, tayloredbrandsll.

 

Hope you're doing great. I wanted to see how everything is going about tracking eBay expenses. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I'd be happy to help you at anytime.

 

Looking forward to your reply. Have a pleasant day ahead!

E
Erik0311
February 18, 2024

Hi Rose, I have been selling items on eBay and have a question regarding ebay payouts. When I receive a payout, they take out ad fees, shipping label costs, etc. Do I need to worry about accounting for the deductions and create separate line items when I enter the payout amount in quickbooks? I just want to to make sure when I file my taxes, I'm able to deduct for shipping expenses, ad fees, etc. I wasn't sure if I could just enter the payout as income and be done with it, or if not adding up the expenses will throw off my end of year profit vs expenses where I end up not getting credit for expenses throughout the year.

Thanks, 

Erik 

Terms & ConditionsAccessibility statement