My reseller genie.

Definitions. What is the difference between the cash inventory method and the accrual inventory method?My Reseller Genie; User Questions; Miscellaneous Expense Questions; Miscellaneous Expense Questions. How should I categorize eBay payouts, credit card payments, and other non-expense transactions in my "Expense Detail"? How do I categorize payments/deposits that are in the expense detail?For resellers, the two most commonly referenced methods to handle inventory are the cash inventory method and the accrual inventory method. Cash inventory records an expense when you buy inventory, accrual inventory records an expense when the item sells.Join us LIVE for a chance to win a free month of Reseller Genie just in time to file your taxes! My Reseller Genie:https://www.myresellergenie.com/My Reselle...Comparing the two: - Excel is a more versatile option, allowing for customization and data analysis, but requires more manual input and programming knowledge. - Reseller Genie is a streamlined option with automated importing and inventory management, but may not have as many analysis and customization …

About this group. This is a page for current users of My Reseller Genie. My Reseller Genie is a software that helps resellers with their business accounting and helps with managing inventory and sales -- this is important to avoid tax time headaches and to make sure your business is making money. Join the … Shipping cost (paid by you, the reseller) of $2.02 was refunded to you; Transaction fees of $5.20 were refunded to you; Sales tax of $2.97 was refunded to the customer; If you were refunding the full $26 to the customer, didn't receive a shipping refund, and received $3 of transaction fees back, you would fill out the form like this:

When you run a P&L for a given month, the total of the shipping costs for each sale that month will be added up and summarized in the "Shipping Costs" line on the P&L. (Note: this will also include the "Return Shipping Cost" assigned to a return). It's important to note that sometimes shipping costs may be stored in the "Expense Detail".

The "Consignment Commission Report" shows all the sales and returns for a given consignor (vendor with the "Consignor" box checked) and summarizes the amount owed to the consignor.Today I am going to show you how I have been using My Reseller Genie to track my inventory, and use this data to improve my Poshmark listings. Let me know in...Learn how to create a Profit and Loss Statement using My Reseller Genie's easy Reseller Reports! Easily summarize your income and expenses with a report that...NEW FEATURE ALERT! My Reseller Genie now offers…CONSIGNMENT TRACKING! Do you sell items for other people? Then this new feature is going to make your accounting, organization, and payouts so...

For the eBay sales, there is no charge description so we disabled the create expense rule option for these expenses. So long story short, in order to review these expenses, you can click each line you want to review and then the "Mark Reviewed" button. Or you could also click the "Select All" button and then "Mark Reviewed".

Great question, for these transactions, the current guidance is to delete them from the expense detail. Any transactions that aren't expenses should be deleted from the expense detail. If you click the checkbox on the far left of the table for each transaction that needs to be removed and click "Delete Selected", they will be …

Using a software like My Reseller Genie will help you know your exact profits and set goals based on your own numbers. Conclusion. Reselling is a lucrative business that requires hard work, dedication, and a willingness to constantly learn and adapt. By continuously educating yourself, broadening your sourcing opportunities, utilizing … When you buy new inventory, enter it into My Reseller Genie with the purchase date and purchase price. Some folks like to wait until they've listed it to add it to MRG -- that's ok, but make sure to have everything added that was bought in a given year before filing taxes for that year (this keeps your inventory balances from changing). My Reseller Genie reports make filing taxes as a reseller a breeze! When you use My Reseller Genie, you will have all you need to either 1) file your own taxes or 2) get the reports for your CPA or accountant to file on your behalf! All of the information you track from your selling platforms will be consolidated into simple reports that can be ... My Reseller Genie. Submit a request; Sign in Sign in Submit a request; My Reseller Genie; User Questions; Continuous eBay integration; Articles in this section Is there a way to 'match inventory' for sales for a specific day? I have a ton of unmatched sales and need to work on smaller chunks.Match these sales by clicking the "Match to Inventory" button. For Basic and Premium users, once a sale has been recorded, you can't match it to an inventory item after the fact. Best thing to do would be delete the sale, then click "Report Sale" and enter the sale details. The first field on this form is "Item Title", when you start …Get into My Reseller Genie and learn the basics of daily use. Set Up. How to Download Poshmark and Mercari Reports; How to Get Started - Pt 1/3: Import Inventory and Sales; …

To add a general ledger account, you can click "Expense Detail" > Add > General Ledger Account. The first option in the drop down is "Add new account", if you click this, a form will open where you can add the account details. You can also add a new general ledger account by going up to the profile icon in upper right hand corner > Profile ...Upcoming Events. My Reseller Genie has been the proud sponsor of many reseller events in 2022-2023, including the Boss Reseller Remix, Flipcon, and Reseller Rally. We are very excited to announce that we will also be sponsoring the first Plains to Profit reseller meetup in 2024! 00:00. 00:18. % buffered. Unable to load video.Reselling Accounting 2022. Google Excel Sheets vs My Reseller GenieSign up for My Reseller Genie- https://www.myresellergenie.com/?ref=caseyparris2Discount ...Check out this video to get a taste of what My Reseller Genie is and what it has to offer!www.myresellergenie.com My Reseller Genie allows you to filter for any piece of data and watch beautiful charts update in real time! Select a time frame to see your gross profit, average sales price, sell through rate and more! Filter by anything tracked in My Reseller Genie and see your metrics update in real time. Dec 31, 2023 · Reseller Resources and Tips for Success. Reselling Business Growth 3/12/24. Reseller Basics 3/1/24. Reseller Bookkeeping 12/31/23. Explore the top reseller resources and tips for success in the My Reseller Genie blog, from bookkeeping tips to business resources and more.

Compare the features and prices of My Reseller Genie, a bookkeeping software for resellers, and choose the plan that suits your needs. Track business expenses, sales, …See full list on theecommercemom.com

If you need to access invoices and don't want to search through your email, you can also find this information in the Stripe customer portal. Follow these steps to find your invoices: Click the profile icon > manage subscription > go to stripe. Scroll down to see "Invoice History" (click on "View more" if an invoice is not displayed)If a sale happens say for FEBRUARY-2023 it automatically then populates a row in the relevant month with all the information filled out so we can track monthly expenses. Then, on each page I have a pivot table that pulls sales by day (# items sold), revenue by day, income by day, etc. At the end of the year, I can just combine all the pivot tables.My Reseller Genie is a one-stop shop for resellers to track sales, inventory, expenses, and taxes from all selling platforms. It offers accurate, comprehensive, and tax-ready …- Visit our website for more information about how My Reseller Genie can help you with your reselling business! www.myresellergenie.com.- Follow us on Instag...Can My Reseller Genie Connect to Amazon, WhatNot, Mercari or Any Others? How is the estimated income tax calculated? Paul V. April 21, 2023 19:47 Updated. The est tax line on the Profit/Loss Statement is just calculated from your "Estimated Income Tax Rate" in the profile settings (click the profile icon in upper right, then "Profile Settings ...Update: Bank integration and PayPal integration is here! Check out this video to see how easy it is to use! https://www.youtube.com/watch?v=MJiGRt4e81g&t=4sM...My Reseller Genie. Submit a request; Sign in Sign in Submit a request; My Reseller Genie; General; Announcements; Articles in this section Updates - 1/9/2024 Updates - 1/1/2024 Updates - 10/1/2023 Updates - 9/21/2023 Updates - 9/13/2023 Updates - …

To create a sales platform: Click on "Report Sale" Select the "Sales Platform" input box and select the "Add New Platform" option Type the name of the platform you want to create and click "Save"

I use My Reseller Genie. Works really well for resellers -- it was created by a reseller and an accountant. It both manages inventory and sets you up with everything you need for a Schedule C. There is a monthly fee ($15), though. If you are proficient with Excel and it's doing everything you need it to do it might not be worth it!

Using MyResellerGenie? QUESTION. I have been using Google sheets for about a year or so now. I have been looking at MyResellerGenie as a better bookkeeping method and seeing my store numbers. I know that it's 14.99 a month. Has anyone used this service before? I do still have inventory from last year and some from this year that I would have to ... Double click on an existing expense and click the "Copy Expense" button. The values will be copied to a new expense entry form -- modify the details as needed and then click "Add" to create the expense. My Reseller Genie reports make filing taxes as a reseller a breeze! When you use My Reseller Genie, you will have all you need to either 1) file your own taxes or 2) get the reports for your CPA or accountant to file on your behalf! All of the information you track from your selling platforms will be consolidated into simple reports that can be ... If you signed up for our Ultimate plan, you have access to our continuous eBay and Poshmark integration features. This means that after you complete the setup process in pt 1 of "How to Get Started", you can pull NEW eBay and Poshmark listings, sales, returns, and fees directly from eBay and Poshmark on a daily basis, instead of manually adding each …Recommended Resources for Resellers. There are numerous resources to help you streamline your reselling business. A bookkeeping tool, like My Reseller Genie, will aid in managing finances. Cross listing software like List Perfectly will help you cross list items to other selling platforms. Storing Listed InventoryMatch these sales by clicking the "Match to Inventory" button. For Basic and Premium users, once a sale has been recorded, you can't match it to an inventory item after the fact. Best thing to do would be delete the sale, then click "Report Sale" and enter the sale details. The first field on this form is "Item Title", when you start …Comparing the two: - Excel is a more versatile option, allowing for customization and data analysis, but requires more manual input and programming knowledge. - Reseller Genie is a streamlined option with automated importing and inventory management, but may not have as many analysis and customization … You will have to either upload or manually enter your data. My Reseller Genie is compatible with any and all selling platforms. “ This is truly an accounting system that is tailored to all resellers. If you are newer to reselling, no matter what platform you list with, MRG can work for you. Plus, Paul and Faith are absolutely wonderful folks ...

Learn about how to add your data to My Reseller Genie. How to Download Poshmark and Mercari Reports; How to Get Started - Pt 1/3: Import Inventory and Sales; How to Get Started - Pt 2/3: Import Expenses from Banks and/or Credit Cards; How to Get Started - Pt 3/3: Learn about Continuous eBay and Poshmark Integration My Reseller Genie has 3 affordable plans that work for any reseller! Have questions? Shoot us an email at [email protected]. Ready to sign...My Reseller Genie. Submit a request; Sign in Sign in Submit a request; My Reseller Genie; General; Announcements; Articles in this section Updates - 1/9/2024 Updates - 1/1/2024 Updates - 10/1/2023 Updates - 9/21/2023 Updates - 9/13/2023 Updates - … My Reseller Genie. Accounting Software for Resellers. [email protected]. COMPANY. Pricing About Us Reviews Events FAQs Contact. RESOURCES. Blog Customer ... Instagram:https://instagram. missouri organic recyclingelielrestore des moinesace cider My Reseller Genie. Submit a request; Sign in Sign in Submit a request; My Reseller Genie; General; Announcements; Articles in this section Updates - 1/9/2024 Updates - 1/1/2024 Updates - 10/1/2023 Updates - 9/21/2023 Updates - 9/13/2023 Updates - 9/8/2023 ... joann's fleecerenato's pizza masters When you buy new inventory, enter it into My Reseller Genie with the purchase date and purchase price. Some folks like to wait until they've listed it to add it to MRG -- that's ok, but make sure to have everything added that was bought in a given year before filing taxes for that year (this keeps your inventory balances from … i civics Mar 12, 2024 · You can outsource by hiring someone virtually or in person to help, but you can also outsource by using tools like List Perfectly and My Reseller Genie. Network and Collaborate with Other Resellers. Building relationships is crucial for any business, including reselling. Attend industry events and conferences to network and learn from experts. Come join us for another YouTube live with the My Reseller Genie team! We will go over how to get setup in My Reseller Genie, use the various features, how t... You can modify your subscription by clicking the profile icon in the upper right, then "Manage Subscription". Select "Go to Stripe" and you can update your subscription there.