Hello Ariell,
Thank you for your quick response and your willingness to help me with my issue.
Since Amazon has a monthly sales report with information including 1) Gross Sales, 2) Returns, 3) Expenses, and 4) Transfers (deposits), there's no need to create another layer of complexity by having to download Amazon Purchase app. In other words, I don't need granular details about my monthly activities.
Again, the way I was doing it before, any dollar amount that is deposited into my Chase Bank will be recorded as "Amazon FBA Income". The Gross Sales, Returns, and Expenses are recorded in my manual Excel spreadsheet.
What I am looking for is how to incorporate the "lump sum amount" into QB.
1) Gross Sales: How to record it in QB? Create Sales Receipt without an invoice for the entire month?
2) Returns: How to record it in QB for the entire month?
3) Expenses: How to record it in QB although I think it's fairly simple by creating expenses under COGS Expenses?
4) Transfer: How to record it in QB? I suppose I can create an invoice for the incoming receipts from Amazon as Account Receivable. Once the amount is in my Chase Bank, I can record it as a receipt in QB.
Since Amazon provides us the lump sum amount, I want to simplify my bookkeeping and record the lump sum amount in QB. There's no need for granular details.
Thank you
