Would anyone be able to advise on bookkeeping for eBay Managed Payments?
I followed the instruction and I’ve created an eBay merchant account for eBay managed payments.
I have a bank feed on my bank account so I moved eBay related payments to an eBay merchant account:
- payments from eBay - as a bank transfer from the bank account to eBay managed payments
- payments taken by eBay as a bank transfer from eBay managed payments to the bank
Now all bank feed is tagged on eBay merchant account. Then I’ve created a sales invoice for my sales and purchase invoice for my eBay fees and tagged them as paid from the eBay merchant account.
Please, can you advise if this is correct? Would this not duplicate the account balance?
Thank you for any piece of advice.