Tracking profit and losses

[lookin-for-treasure]

Hi guys, what the best ways you have found to keep track of sales, fees, etc while making sales on ebay. As I have increase my sales of items I'm finding it's starting to get overwhelming and need to put some kind of system in place. Please fill me in on your ways.
Thanks

 

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[greengold]

I don't sell enough to warrant it, but I would use an excel spreadsheet.

 

[Baltimore]

I keep track of the item's price, how much I sold it for, and then I have a google spreadsheet that automatically calculates my profit. I don't account for fees though, which I probably should, because they definitely hurt the profits.

 

[duffytrash]

i dont keep track of all that stuff......i mainly sell marbles and rarely sell just one marble....i know if a lot of marbles ,say 5or 6 can bring between 10 and 20 bucks and those marbles cost me 5 or 6 cents...its all good...i ve never tried listin lots of different things and i can see how that info would be important...i use the paypal card to keep all that money separate...pay out of it for shipping...i never worry about fees...but if i sold the marbles for .99 it would be a concern....

 

[diggummup]

I don't keep track of anything except in my head. I know what I paid, I know what I sold it for, I know what my fees are. That's all I need to know. When it becomes any more complicated than that, i'll quit doing it.

 

[mydogiscool]

Remember 20k sales per year and you have to fill out nazi IRS papers.

 

[famous turtle treasures]

Being full time, I get 1099s from both eBay and Amazon so I use an excel spreadsheet. As long as you don't get behind its really not that bad but it is still annoying.

/ Purchase price / purchase date / listing price / sold price / sold date / ebay fees / paypal fees/ shipping fees /

 

[lookin-for-treasure]

Being full time, I get 1099s from both eBay and Amazon so I use an excel spreadsheet. As long as you don't get behind its really not that bad but it is still annoying.

/ Purchase price / purchase date / listing price / sold price / sold date / ebay fees / paypal fees/ shipping fees /

Thanks

 

[jerseyben]

Remember 20k sales per year and you have to fill out nazi IRS papers.

Please note that technically you have to declare all income regardless of the $20k threshold.

 

[Keppy]

I don't keep track of anything except in my head. I know what I paid, I know what I sold it for, I know what my fees are. That's all I need to know. When it becomes any more complicated than that, i'll quit doing it.

... diggummup........I do it the same way ... Why get complicated when there is no need.......

 

[Lafitte Deux]

Turbo-Lister 2 is good for tracking sales. I don't use it to list, just for tracking.
It's an EBay app.