posted on August 6, 2001 09:46:25 PM new
Hello everyone, just was wanting some input as to the monthly Invoices that Ebay sends to all of us. For tax and other purposes, I have been printing off the Invoice every month in its entirety for my records. Is that necessary, or could I just print off the first page (after I made sure there were no mistakes) with the pertinent info such as account number, balance due, etc. and that would be good enough for accounting purposes?
I would much rather just print off the first page because it would be so much easier and less time-consuming, and really that gives all the necessary info and then reflects the charge that eventually is also correlated on my credit card statement. However, I just don't want to delete the itemized information should I ever somehow need it in the future. Any input is appreciated, let me know how you guys handle it!
posted on August 7, 2001 07:10:51 AM new
I haven't been printing off my monthly invoices (they'd be too long), but I store all the email notices in a folder on my Outlook Express so that if needed, i can go back and pull up any one I need. IF I'm ever in the unlikely situation of having to prove these expenses took place, I can put them on my laptop and bring along my CC states or bank records showing the payments matching the emailed invoices, or print them at that time..
posted on August 7, 2001 08:06:00 AM new
I usually box everything from a tax year (after everything is filed of course) and keep the box in the attic for 3 years. So, I have three boxes in the attic, and my current files. When I box up the current stuff, I know it's time to get rid of the oldest box.
This is the rule of thumb *I* use, you may want to get advice from a qualified accountant on how *you* should conduct your business as far as financial recordkeeping goes.
posted on August 7, 2001 08:48:20 AM new
Since eBay keeps your account records "forever" it seems you ought to be able to just print off the first page, and then if you should get audited and need the backup documentation, you could just go into your account and print out the appropriate year's statements.
posted on August 7, 2001 01:42:55 PM new
You also use vrane.com's Sales Reporter to figure out how much fees you have paid or credits you have earned for a particular period. I find this tool wonderful for quarterly or annual tax reporting.
* ~ * ~ * ~ * http://techgems.net
