Re: how you guys manage your ebay accounting
my method is quite complicated, but it uses excel spreadsheets
I like to keep a tracked "net worth" of myself - which includes tracking each accounts paypal balances, ebay fee balances, transferring balances, bank balances, cash, and my inventory.
I was tracking all this info and logging my "net worth" once a week, and also tracked expenses. I would made little goals for myself and that really helped me push my drive to increase my net worth higher
but doing so in my way, my cash-to-inventory was followed pretty closely without me having to individually log every items profit margin. I enjoyed it better.
Im currently not worrying about tracking it too much, but I'm also not selling a lot and working on building more accounts. When I get into it again heavy, you know ill be tracking and working hard to increase my goals.
good luck
|