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How to keep track of your dropshippselling

by Kenan83
8 replies
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Hi!

I have started some webbshops in woocommerce, and im getting sales. I accept payment by transfer to my bank and paypal. Right now I sell only in my country, but will soon start to sell to the whole world. I use aliexpress, so I but all the goods there.

Now I have been reading about seeling a dropship business, and in 1-2 year, that may be something for me. But how do I keep track of income and the profit to prove to that I have not cheated with it? Do you have any good tips? How do you do?
#dropshippselling #track
  • Profile picture of the author violet0176
    Set-up an Excel file and keep record of all payment and product amounts. It's easy to do when you have electronic payment receipt from your payment processor.
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    • Profile picture of the author Kenan83
      Originally Posted by violet0176 View Post

      Set-up an Excel file and keep record of all payment and product amounts. It's easy to do when you have electronic payment receipt from your payment processor.
      Ahh ok. So how about I create a map on my computer, and save all the payments that where made for paypal för that shop. Then I will have to stop payment directly to bank, and only use paypal.
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      • Profile picture of the author violet0176
        Originally Posted by Kenan83 View Post

        Ahh ok. So how about I create a map on my computer, and save all the payments that where made for paypal för that shop. Then I will have to stop payment directly to bank, and only use paypal.
        A map? I don't understand what you're saying. You can always hire an accountant.

        At any rate, all Supplier invoices and sales receipts should be saved for 7-10 years.
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        • Profile picture of the author Kenan83
          Originally Posted by violet0176 View Post

          A map? I don't understand what you're saying. You can always hire an accountant.

          At any rate, all Supplier invoices and sales receipts should be saved for 7-10 years.
          A place to store information on my computer.

          Yes, you are right, mabey the best way to do it is to hire a accountant. To be honest I dont pay tax on my earnings now, but they are not so big. But for the future and to be able to sell, it may be the best way to go.
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  • Profile picture of the author Gabbarsingh
    buddy make a exel sheet according tow hat you want recorded with macros and all to add totals etc and record eveything init

    if yo cant do it yourself get someone on fiver do make you one !!

    I have also just starting my ecommerce store with wordpress and possibly check out drop shipping later

    good luck to you !!
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    • Profile picture of the author Kenan83
      Originally Posted by Gabbarsingh View Post

      buddy make a exel sheet according tow hat you want recorded with macros and all to add totals etc and record eveything init

      if yo cant do it yourself get someone on fiver do make you one !!

      I have also just starting my ecommerce store with wordpress and possibly check out drop shipping later

      good luck to you !!
      Hi.

      I allready have that, but the problem is if I want to sell the store in the futhure, how will I prove to the buyer income? I can write what I want in the excell sheet, and make my store look that it makes much more money than it doase.

      I can also buy stuff my self via paypal, to make the store look like it doase make more money that it really do. Thats why im little confused.

      Ty, and good luck to you to! =)
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