Bookkeeping for Online Sellers
While we’ve had the ability to search for transactions in the Income and Expense tabs for a while now, we just expanded that functionality to connected marketplaces like eBay, Amazon, Etsy, Shopify, etc. as well as bank and credit card accounts.
Just type in the value that you are looking for. You can also combine the search with other filters like date range.
In our continued efforts to make it easier to get data out of Seller Ledger, we just added the ability to export both the Profit and Loss report and the Schedule C tax report.
Just click the “Export” button in the upper right of the Filters section and Seller Ledger will generate a comma-separate (CSV) file containing the values. You will then be taken to the Exports page under Settings (which we announced a few months ago) where you can download the file you just requested:
As always, we look forward to more customer suggestions. Keep them coming by emailing us at [email protected].
To make it easier to see trends in your business profit or loss, as well as what’s driving it, we are excited to add a new chart to the top of your Profit and Loss report, above the traditional table:
Mouse over any color on the chart to see the amount for that category, for that period.
One fun feature – if you click a category name in the legend, it will toggle that category on and off, so you can choose to isolate certain categories.
In our ongoing efforts to streamline eCommerce accounting and bookkeeping, we’ve just rolled out the ability to invite an accounting professional to access your books in Seller Ledger.
If you work with an accountant, bookkeeper, enrolled agent, or anyone else who helps you with your accounting, it’s now quite simple to grant them access to your Seller Ledger account. Just go to newly redesigned Settings -> Business page and you’ll see a new option to invite an accounting pro:
Just click on that button, enter the email address of your accounting professional, and they will receive an invitation to link to your account. Clicking on that invitation will allow your accounting pro to create their own Seller Ledger account, with their own login details.
Once your accounting pro has accepted your invitation s/he will be able to view all of your financial data, categorize transactions and run reports. S/he won’t be able to do the following:
You certainly can, at any time.
Nope. Not only does it not cost you anything, but as of right now, accounting professionals can use Seller Ledger for free. Think of them as your first “extra” user on your Seller Ledger account.
As with all new features we roll out, we welcome any and all feedback to help us improve over time. Please encourage your accounting professional to also send us feedback at [email protected].
Seller Ledger is pleased to announce the launch of our direct integration with Walmart Marketplace, allowing us to provide automated accounting for Walmart sellers.
Like our other automated connections, Seller Ledger will import your sales, commissions and payouts each night, automatically categorize them for tax purposes, and match payouts to your linked bank account.
Note: where several other marketplaces allow us to get a year’s worth of transaction history or more, Walmart only offers 180 days of sales and commission history. So it’s a good idea not to wait too long into a tax year to connect your account.
You can see our official listing on Walmart Marketplace’s solutions page.
If you’d like to give selling on Walmart a try, you can sign up here. As you add more channels, feel confident knowing that Seller Ledger will organize your finances as you do.
If you are a Walmart seller who’s looking to automate your accounting, you’ve come to the right place. Seller Ledger offers a 30-day free trial, no credit card required.
Thanks again to all of our Walmart beta testers who helped us get this integration off the ground and approved!
To help our multi-channel sellers compare metrics across sales channels, we have just released (in open beta,) a new “Channel Breakdown” report. Now you can see your sales and expenses by channel.
Sales and expense information that we import directly from each channel will show up in the proper categories. And don’t forget, we allow you to customize how all of those transactions get categorized, by channel.
In the future, we hope to make it easier to add additional channel cost information from other sources, like credit cards.
When we first launched our Poshmark integration, the only option was to download sales history reports in CSV file format and upload them to Seller Ledger. While this provides an accurate view of your Poshmark financial performance, it required ongoing effort on your part to keep your finances up to date.
Fortunately, now users have a more automated choice. By using the Chrome browser and Seller Ledger’s custom-built Browser Extension, Poshmark sellers can now see their sales history import into Seller Ledger on a daily basis. Not only that, but we also now import your payout information (which is not included in the downloadable Sales Reports from Poshmark.)
To learn more about how to automate your Poshmark accounting, view this support article.
If you’re new to Seller Ledger and want to make your Poshmark accounting much easier, try it free for 30 days, no credit card required.
The “At a glance” section of the Seller Ledger dashboard hasn’t received a lot attention since we first launched. Based on feedback from customers, we recently added the ability to choose from a few time periods that you can view.
Have you ever logged into Seller Ledger and seen your data at the top of the screen changed to all zeros? Well, that’s because the default view was “This month”, which, on the first of a month, often reverts to zero because we haven’t imported any new transactions yet. It’s even more alarming when you get to January first.
Well, we’ve made a couple of changes to help with that.
First, we now offer a few different time periods to choose from:
As you can see, instead of always being “Month to date”, you can now choose “Prior 30 days” and “Year to date”.
Second, we now default to “Prior 30 days” so that this section is likely to always have data displayed.
While a small change, we hope it helps avoid some confusion and adds value to the customer experience.
In our continued efforts to make Seller Ledger easier to use, we rolled out some improvements to how accounts are linked and displayed on the Dashboard page
The first thing you might notice is that, if you have multiple accounts from the same sales channel or bank, they are now grouped more obviously together:
But the biggest change is the addition of the new “plus” icon within each channel/bank header:
Clicking this icon allows you to quickly add another account from that same bank or sales channel.
To add a new sales channel, or accounts from a new bank or credit card, you would still click the button below your accounts, now more accurately labeled “Add Channels & Banks”
As always, we welcome feedback on our product changes, so feel free to email us at [email protected]
We are excited to announce that Whatnot sellers can now import their “ledger” details into Seller Ledger.
While Whatnot does not yet provide a public API (which means we can’t automatically grab your transaction history like we can with Amazon, eBay, Etsy and Shopify,) they did release the ability to export ledger details in CSV format earlier this spring. We can import these files directly into Seller Ledger, like we do for both Poshmark and Mercari.
Go to Seller Hub, under Financials, and then under Ledger – you should see an option to export your history in a CSV formatted file. Go ahead and download and save that file.
When you click the “Add account” button under Connected Accounts on your Seller Ledger dashboard, you will now see an option to “Connect to Whatnot.”
After clicking the Whatnot button, enter a name for your new account and click “Create Account”
Once you’ve created your new Whatnot account, you’ll be taken directly into that new account, to a screen that allows you to upload your Whatnot ledger file. Choose the file you downloaded from Whatnot and click “Save.” Your file will be uploaded and your transaction history will be imported into Seller Ledger.
Trial users
If you are still in your trial period, Seller Ledger will only import the last 90 days of transaction history, regardless of how large your Whatnot file is.
Whatnot currently pays sellers via Stripe (often to a bank account) and PayPal. If you link your bank or PayPal account to Seller Ledger, you’ll want to make sure that your payouts from Whatnot don’t get double-counted. So, when you see your Whatnot payouts hit your bank or PayPal account, make sure to categorize them as “Transfer: My Whatnot Sales” – or whatever you named your Whatnot account.
Because we can’t pull in your new sales and expense information on a dailybasis, you’ll want to make sure to come back every once in a while to upload your latest sales history. How often you choose to do so is your choice. We show the date of the most recent imported transaction on the Seller Ledger dashboard to help remind you.
Lastly, if you make a mistake with any of your uploaded information, it’s not a problem. The “Import History” tab shows you all of the files you’ve uploaded over time, with the ability to simply delete one or more and try again.
We know there are other channels out there that provide CSV files of transaction history. If you would like to see other channels supported, please request a new platform or email us at [email protected] with your interest and, if you’d like to be particularly helpful, a sample of a transaction history file from that channel.
Cheers,
The Seller Ledger Team
