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Quicken is similar, but not a double entry system, so a little easier – quicken is no longer owned by Intuit (which owns quickbooks and turbotax), and support for quicken is not as good as once was. I am an accountant by training, so I can make it work. Not sure how easy it would be for most folks. I would go with whatever your accountant recommends.
I use Quicken for bookeeping, but works like Godaddy. In theory, the only transaction that will not upload to godaddy is the daily bank deposit. So, only need make a journal entry for the daily total (which we get on the email or summary page) – not a huge deal (could even add a weeks worth and make a weekly entry). Will need to fund paypal for the shipping cost that is charged. So, I just add money to my paypal account when I reach a certain low number (again, not a big deal). Nothing else really changes. And lastly, one just has to go through getting “comfortable” with the fact the money is flowing differently (did I really get the money I was supposed to). Once you gain that comfort level, then all is good.
https://imgur.com/a/pgiSVPV Hope that works. Will show fee is only 2.7%. Will post bookeeping stuff next.
It is true. If easy way to add image, let me know and I will screenshot. Only downside now is less international sales, but otherwise my sales have been steady. MP will be great in the long run. Will give eBay so much more ability to manage the payment flow (like adding Immediate Payment required on Best Offers). Worst part for sellers is to adjust record-keeping processes. No fear! Enjoy your show, and originally from VA. Miss the trips to the VA mountains, but the Ozarks aren’t so bad.
I have been in managed payments since start. Currently, I am not paying the fee on sales tax. Unsure if that will change as times goes by. Example, sold an item for 25.99 and the fee paid was .70 (.027). On the order history, shows that sales tax was collected and remitted by eBay. We can only hope that it stays this way.
I am “opted in” to the new Send Program. Got an email from eBay saying “you are in”. Have had to stumble in the dark to learn about the program as is so new. I am in managed payments, so perhaps that is why I was selected. Send is an option when I go to print label. I did not have to do any edits. Prices less than first class, so I am banking the difference (shipping policy is calculated first class). Have shipped one to KY, and we shall see. Sold a second and will try to grab a screen shot when I print label. Looks good thus far.
To pass your Fed X discount: Site Preferences, Scroll and click link for Shipping preferences, Edit the line item “Offer carrier-specific discounts for buyers”, Check only the Fed X box (others if you choose to), Save your changes.
I mostly sell small items, but have one item that goes in a larger box; typically 18x12x10. The cost to ship this size box, DIM WEIGHT, went way way up. Sales dropped; so did a deep dive into various shipping costs / options. If I could lower my shipping cost, the item sell through rate would increase. Best option I found is this: If I pass my FED EX discount to the buyer (NOT the USPS discount), the shipping cost to the buyer dropped about 30-50%. Sales improved (using FED EX Smart Post). Also USPS Retail Ground (have to pay at the post office) is CHEAPER than online Parcel Select (when DIM rate applies). Apparently Retail Ground is not applying DIM rates. And the savings on this package is significant enough to improve sell through rate!!
