on โ27-04-2014 05:25 PM
I am about to do my BAS which is due in a few days.
I need to generate a report from eBay which only shows purchases from people who are living at an Australian address, however I am unable to find a quick effective way to filter out all the world wide sales (ie: people from overseas buying my products).
How do I go about this?
Because I don't think I would have to go thru each sales individualy .. because that would be hell... ๐
on โ27-04-2014 05:46 PM
You need to keep a record of this for yourself if OS sales are to be separated from Aussie sales.
But in the end sold OS or sold locally it is still income.
on โ27-04-2014 05:47 PM
on โ27-04-2014 06:56 PM
You need to be registered for GST if you think you will exceed $75,000 in total sales during the tax year. And you will need to have an ABN as well.
As already mentioned I don't believe it matters if you sell off-shore or not. All sales count towards the $75K total.
I use the file management centre to download the Paid and Posted report each month and keep that by month in an Excel spreadsheet. It's then a very simple matter to sum up each month's sales and roll up to a year.
The above was some guidance given by my own tax agent.
on โ27-04-2014 08:29 PM
โ27-04-2014 09:44 PM - edited โ27-04-2014 09:45 PM
Thanks for that, I have ABN and its already registered for GST since I already make more than $75,000 externally anyways.
I find that since my payments on eBay only allows paypal transaction to make, it was better to goto paypal and generate a report and filter and sort out each transaction with excel (though I had to look you on a tutorial just for it).
But thanks, your hint made it possible and my life 100x easier...