Hello, myself and a partner started a business on ebay some months ago and we are having a hard time figuring out what our profits are. we just purchased Quickbooks to help with this in the future but we wish to settle these past transactions first then start fresh with the QB software.
From the profits, we still have to share the business expenses but can anyone tell us what our profit is without that please? Any help will be appreciated, thanks.Here's the details:
Total Net Sales received from Paypal to date= 5343.56
Total payments made from Paypal account for Merchandise= 3608.71
Total paid in shipping costs taken directly from credit card= 949.27
Total withdrawals transferred from Paypal account to the Business Bank account=3286.20
Total remaining in paypal account= 1,000