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XERO software and VAT on eBay sales
Do any fellow sellers use Xero?
I’ve signed up for a trial as I’m now VAT registered so hoping it will make things easier.
my issue is that on the reconciliation the amount Xero is using for my eBay earnings is what get transferred into my bank account - so after fees. As I understand it I should be paying VAT on the sales value before fees.
i can’t get my head around how to account for the additional amounts - or do I just ignore that income on my reconciliation and enter the figures manually?
Any help / advice / experience appreciated!
1 comment
papso22
Mentor10 months agoPlease post on the business seller board, many more members can help you on that one.