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Level 1

E-commerce and Technology Business

We are E-commerce business providing Online grocery shopping through phone app. We are Agent in some arrangements with our partners. We recently started QuickBooks. I want to know is there a way we can record GMV (Gross Merchandise Value/volume) in QuickBooks?

2 Comments
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Level 15

E-commerce and Technology Business

what does GMV (Gross Merchandise Value/volume) mean to you?

 

QB will record sales of items you list and the qty sold, that qty is multiplied by the rate you state to get the total for that qty of that item, the invoice or sales receipt then totals all the items and calculates sales tax if applicable

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Level 1

E-commerce and Technology Business

GMV for us is the value of items traded by the partners through our platform. BTW, we only receive commission from these partners as we are acting as agent.

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