01-25-2013 03:55 PM
Hello everyone....How do I find out what my total sales were for 2012? Is there somewhere that I can print out my sales? Thanks for your help 🙂
01-25-2013 05:09 PM
Go to Paypal and print out each record for each sale.
Each payment of eBay fees, and
each transfer of money to your bank account..
A start....
Usually people keep records as the sales are received and paid
A record of postage paid, and purchase of inventory.. as well as supplies..
01-26-2013 10:53 AM
Hello everyone....How do I find out what my total sales were for 2012? Is there somewhere that I can print out my sales? Thanks for your help 🙂
Hmmm...... I'm new here but I went to sellers dashboard ( under my ebay ) and clicked on it and it listed all my sales totalled for 2012.
01-26-2013 10:56 AM
"it listed all my sales totalled for 2012."
The accuracy of that information is questionable.
In my dashboard, the difference between the numver offered by eBay and my actual sales record is huge.
If the information is needed for income tax purposes, the total offered by eBay on the dashboard is useless.
01-26-2013 11:40 AM
Are you asking ebay to do your book keeping ?
Most sellers keep books so they know where they stand during the year. Books are also something that CRS likes to see once in a while.
01-26-2013 11:48 AM
I've always been anal when it comes to my books, must have been potty trained by shotgun.
I do my books everyday, usually takes less than five minutes & probably less than fifteen at the end of the month.
While that won't work for everyone, that is what works for me.
01-26-2013 07:31 PM
Someone asked this very same question in a discussion on eBay.com
And I gave the same answer...
Paypal records for one year can be accessed....
eBay invoices can be accessed
Your own bank records should be available for one year... if you kept those records...
Paypal records are not perfect but you have:
(1) A record of each sale
(2) A record of Paypal fees
(3) A record of eBay fees if Paypal balances are used to pay eBay fees.
(4) Transfers from Paypal to your own bank account..
If eBay Sales are all you want you have a very good record of eBay sales, and postage paid for each transaction by each buyer...
Now you have the total.
but do you have all costs?... Postage paid at the post office, as well as incidental supplies
Report income for 2012 as best as possible....
The most imortant thing to do starting January 1, 2013 is... Keep Your Own Record ....of each sale, and keep all receipts that relate to expenditures...
and if you continue to sell for many years....
Your 2012 data can be destroyed at the start of 2019... My rule is that you always have six years of complete records... When year seven is complete, year one can be destroyed....
The rule from Revenue Canada is ---
Under the Act, books, records, and their related accounts and source documents, have to be kept for a minimum of six years from the end of the last tax year to which they relate. The tax year is the fiscal period for corporations and the calendar year for all other taxpayers.
You are always selling in year seven
and your years relative to 2012
1) 2012
2) 2013
3) 2014
4) 2015
5) 2016
6) 2017
7) 2018