I have gone thru my monthly state to understand everything come from but I have questions I can balance most on the numbers
questions
1) sales & credits I when the monthly statement on one line is ( payment for order line) total sale 130.26 then next to that was fee&tax -4.16 and net at 115.76 but I have a difference of 10.34 from that line. Where was the difference and is that the sales tax ?
2) on the same report on ( fee &tax) on transaction that only I have the two different transactions, shipping and sales , were will I find the the processing transaction ? There are three different fees right?
3) on the 1099 under the individual monthly line what is the difference from the 1099 from monthly statement ( sales & credits ) ? Is that the sales tax collected ?
I sure these questions have come up but I not find the answers that I was looking
Chuck from Garage Junky Store
Check out small business Sarah on YouTube under her Etsy sellers bookkeeping section...it will explain all of it. Her guides have been a lifesaver for me. She’s an accountant and an Etsy seller.
Thank you , i will check that out
thanks Chuck
Garage Junky Store