eBay Journal Entries
Bookkeep enables you to integrate your eBay account to automate journal entry postings.
Types of eBay Journal Entries
Bookkeep automates two types of journal entries with eBay:
- Sales Summary: Captures completed orders and associated order marketplace fees.
- Deposit: Captures bank transfers and expenses such as shipping label purchases.
Sales Summary Journal Entry
The Sales Summary journal entry posts the prior day's sales to your accounting platform, capturing gross sales, net sales, discounts, refunds, and eBay marketplace fees.
For eBay sales: Bookkeep captures Sales Tax Collected and Withheld. In some regions, tax is withheld and paid by eBay on your behalf, so we recommend mapping these two lines to the same accounts since they should net to zero.
Deposit Journal Entry
The deposit journal entry captures new deposits from eBay to your bank account, including transfers to cover expenses like shipping labels.
The entry above shows a deposit to an external bank account.
The entry above shows a reduction of the eBay balance to cover a shipping label purchase.
Exporting eBay Orders
You can export all orders for a respective time period from the Seller Hub, which will download a CSV of orders. Note that eBay uses the "date buyer paid" as the timestamp for when the order was recognized and created.
If you have any questions regarding our eBay journal entry templates, feel free to contact [email protected].