Accounting help!
Hi everyone! I hope sales are going well.
I was wondering what the best way is to go about the accounting side of the business.
I notice that I'm having a lot of difficulties with it. Mainly accounting for the eBay fees that only get deducted from PayPal in the middle of the following month trow me off track. And even worse I sometimes have to put extra money in to cover these unforseen costs.
Also I'm using different payment methods for different sources. Then there are the exchange rates..
Is there a better way to track all this? Also is it possible for eBay to detect all the fees right away instead of the following month?
Thanks so much for you advice.
All the best!