Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
March 2, 2023
Question

QB classes eBay sales and Managed Payment Payouts as eBay income. What is the correct account for eBay Payouts to avoid income overstatement?

  • March 2, 2023
  • 1 reply
  • 2 views
No text available

1 reply

March 3, 2023

I’be setup a bank account called “eBay clearing”. Any money deposited to my bank account is booked to the clearing account. All sales are recorded to the clearing account. In theory, all positives and negatives clear each other to create a $0 balance.