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Moin
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?

4 Comments
Rustler
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

Moin
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.

sarabjs
Level 1

E-commerce and Technology Business

Hi Moin - did you get a reply to this question?

ondecare
Level 1

E-commerce and Technology Business

Moin or sarabjs, did either of you get an answer to this question? Does QB work for marketplaces like this or does it only record from Revenue down?

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