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

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.

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

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?

E-commerce and technology businesses have revolutionized the way we shop and interact with the digital world. With the rapid advancements in technology, these businesses provide convenient platforms for online transactions, seamless user experiences, and innovative solutions. Through e-commerce, customers can easily access a wide range of products and services from the comfort of their homes, while technology businesses continually push boundaries, shaping our digital landscape and driving transformative change across industries.