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?
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.
Click + New in the left panel and choose Bank Deposits.
Select the invoice payment.
In the Add funds to this deposit field, choose the relevant account for fees and shipping expenses.
Enter a negative amount, under Amount.
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.
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!