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Confusing Accounting Software Stops Here!
*We show you how to use PayPal's download feature to quickly and easily total sales and PayPal fees for each month. If you pay for repetitive expenses with PayPal (such as shipping costs) we will show you how to easily total these amounts as well.
*Cost of merchandise sold is set up and calculated in the exact same manner as requested by the IRS. There will be no surprises when you file your taxes.
*The IRS requires bookkeeping to be recorded in either an accrual or cash method. The user's guide will explain the difference. With Auction Accounting Pro your bookkeeping will be done right.
*We will show you the correct way (and the easiest way) to record eBay fees. Tracking every individual auction and its corresponding fees is not necessary.
*A bonus program called Auction & Profit Tracker is included with your purchase. This program tracks the status of auctions (which auctions are active, which auctions have ended with payment, and which auctions have ended with payment pending.) Profits are calculated on each auction by generating eBay and PayPal fees and subtracting shipping costs and merchandise costs. This bonus program is for business owners who want more detail regarding profits.
*The program includes a journal for recording home utilities (a tax write-off when conducting a business from your home) and also includes a mileage log that can be printed and kept in your vehicle. Business miles driven with your personal vehicle can be a big tax write-off.
Posted by Auction Advantage
on 12 January 2007
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