Can you please provide me with instructions on how to record my ebay sales accurately? My ebay sales are automatically deposited to my bank account and the deposited order earnings excludes the sales tax, transaction fee, and shipping fee. I want to ensure that when I record the ebay sale into quickbooks, that I am not recording the sales tax since this is handled by ebay. Also, I want to ensure that the transaction fee/merchant fee and shipping fee are recorded as expenses.
I successfully created a undeposited funds account for the sale earnings to hold until the deposit hits my bank account and I can match them.
I have attached a copy of the ebay sale for reference. I would greatly appreciate a step by step walk through for this situation and I can use it as an example.
Thank you in advance.
