How to Account for Sales on Behalf of Others
Christopher Stamper
christopherstamper at gmail.com
Sat Jun 6 20:49:29 EDT 2009
Hi all,
I'm about to sell several items on eBay, for a friend. I'll be giving him
the proceeds, less ebay listing fees and shipping (and maybe a little for
myself).
I probably won't be doing this for too many other people, in the future.
My question: how should I record these transactions? Should I create an
income account specifically for 'ebay sales for others', and an expense for
the friend (I already have an income account for 'eBay Sales')? Should I
just ignore everything, except the amount I keep?
Any advice would be greatly appreciated!
--
Christopher Stamper
Email: christopherstamper at gmail.com
Web: http://tinyurl.com/2ooncg
gTalk: http://tinyurl.com/6e359r
Skype: cdstamper
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