THE SELLER LEDGER BLOG
Bookkeeping tips for
eCommerce sellers
Stay on top of accounting, taxes, and finances so you can focus on selling.
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1099-Ks are Inconsistent – but That’s OK
Back when we first launched, we wrote a blog post about 1099-Ks and where sellers can expect to find the amounts that make up the total in Box 1a (Gross amount of payment card/third-party network transactions.) At the time, we were referencing eBay’s calculations. But, as we approach the end of the tax year, we’ve…
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Consignment Sales and 1099-Ks
As part of our efforts to further research interesting 1099-K scenarios, we wanted to explore a question that many resellers have recently asked about: consignment sales. What are consignment sales? A consignment sale happens when a reseller (called the consignee) helps another individual or business (called the consignor) sell some of their products for them.…
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Accounting for Personal Item Sales That are Included in Your 1099-K
By now, most small eCommerce sellers are aware that the annual sales threshold for receiving a 1099-K from online payment platforms is dropping to $600. There is a lot of content out there about what is included in the 1099-K amount, how that can vary from one platform to the next, and ways to make…
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