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April 6, 2022
Question

How do I link together Ebay-related transactions for reporting?

  • April 6, 2022
  • 13 replies
  • 66 views

Good morning!

I run a small business reselling parts mostly on Ebay and a bit on Amazon. I'm new to Quickbooks Online and trying to figure out how to track my sales. I sell hundreds of things a month, and they are mostly unique (I buy one, resell it, and never see that model of product again). I have no need to track inventory stock levels, but here's what I need to do:

 

- Run reports on profitability per transaction

- Run reports on profitability per item (if I have a quantity of more than one)

- Track income per customer

- Run reports on profitability per inventory purchase (I buy multiple items at once, and I currently track the date and location of purchase with each item. I use this in Excel to figure out how much profit I made from each purchasing trip).

 

From what I'm thinking now, each Ebay sale will have multiple transactions in Quickbooks:

- The sale of the product

- Ebay's selling fee expense

- The shipping label cost

- A journal entry transferring money from my inventory asset to my COGs account

 

I need a way of linking all these together so I can see the profit I made per sale. I've thought about making the reference number for each transaction in Quickbooks the Ebay sale number, but I not sure if reporting would work well for that. My most recent idea is making an "Ebay" customer with sub-customers for each actual customer, and projects for each sale. That works great for tracking profitability, but I've not found a good way to sort projects for bulk reporting (like filtering those sales/"projects" that were part of the same inventory purchase).

 

I'm using the SaasAnt Transactions app, so I can import from Excel into almost any area of Quickbooks except tags.

 

I'd really appreciate advice, as I'm new to Quickbooks and it looks like it has real potential! 🙂

Jadon

13 replies

Fiat Lux - ASIA
Level 14
April 6, 2022

Explore and utilize QuickBooks Connector (formerly Onesaas) for free. If the feature is not enough, you need to have a paid connector.

Angelyn_T
Moderator
April 6, 2022

I appreciate you for choosing QuickBooks as part of your business, @jadonmmiller. I can share with you some additional insights about linking eBay-related transactions for reporting.

 

Yes, you can utilize the QuickBooks Connector tool as suggested by Fiat Lux - ASIA above. If not, you can look for a supported third-party application through the apps store.

 

  1. Open this link: https://quickbooks.intuit.com/app/apps/home/.
  2. Search for an application from the field provided by typing in a keyword.
  3. Select the app you need.

 

Once your sales transactions are added to QuickBooks Online (QBO), you're now ready to run or pull up your reports. I'm adding this article as your reference: Run reports in QuickBooks Online. The same resource gives you insights on how to customize, memorize, print, email, and export reports.

 

Aside from that, you can also review the resources from this link for more hints while working with your other QBO entries in the future: Find QuickBooks help articles, Community discussions with other QuickBooks users, video tutorials, and more. From there, you can select the topic you need such as account management, banking, taxes, and more.

 

If you have any other follow-up questions while handling your sales transactions, let me know by adding a comment below. I'm just a post away to help. Have a good one!

April 6, 2022

Thanks for your input, but I think I should've clarified my question better.

 

I've tried the OneSaas connector, and while I'm not opposed to it, it doesn't solve my reporting needs. The way I understand it, that only helps with getting the data into Quickbooks. I'm already using a different app that's more flexible in the way it imports my sales data into QBO.

 

What I'm asking for is the conceptual method of tracking my sales in QBO. Basically, how can I associate income, shipping labels, selling fees, etc. all to a certain sale so I can track my profit for that sale and the other reports I listed above.

 

I'm trying to figure out how one could manually record the data to get the reports I need, then I'll figure out the automation later.

 

Thanks!

Fiat Lux - ASIA
Level 14
April 6, 2022

@jadonmmiller 

Time to explore a BI app to cook reports from multi data sources.