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How can I design an income statement for my eBay business?

Possible Accounts: sales revenue, shipping and handling revenue, inventory expense, shipping expense, paypal expense, ebay seller fee expense. I have a balance sheet already...should I use the balance sheet or the above accounts directly? Please try to give me some help.

Public Comments

  1. Revenue: sales revenue shipping and handling revenue Minus Expenses: inventory expense shipping expense paypal expense ebay seller fee expense Sales tax for in-state "ship-to" Depreciation expense (if you sell depreciable items like electronics - straight line depreciation) =Net Income Use QuickBooks
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