Accounting & Bookkeeping Services for eBay Sellers
We handle eBay Managed Payments reconciliations, monthly bookkeeping, and sales tax filing (HST and US) for 7-figure eBay sellers in Canada and the US.
Trusted by eBay Sellers in Toronto
This Service Is For You If…
- Your eBay sales look great. Your actual deposits? Not so much.
- You're Canadian and got a 1099-K from eBay. You look for help.
- You remitted HST that eBay already paid. That money is gone.
- You are losing money because eBay takes fees on shipping and tax too.
Our Accounting Services for eBay
Expert accounting services for eBay sellers with full tax compliance in Canada and the US.
Payout Reconciliation
- Connect eBay Managed Payments to QuickBooks/Xero
- Reconcile daily/weekly payouts to your bank
- Handle refunds, chargebacks, and currency conversions Fee Tracking
Fee Tracking
- Track final value fees
- Track promoted listings, international fees, and other charges
- Break out every charge (fees on shipping/tax) for maximum deductions
US & CA Sales Tax
- GST/HST reconciliation when eBay remits on your behalf
- Track US economic nexus and file multi-state sales tax
- Handle 1099-K forms for cross-border sellers
Inventory & COGS (for resellers)
- Sync inventory across eBay listings
- Calculate COGS for resale items
- Profitability analysis by listing or category
Using Other E-commerce Marketplaces?
How We Make eBay Accounting Easy
From your first call to the end, here’s what you will get from our eBay accountants in Toronto.
1. Free eBay Tax Strategy Call
We review your eBay account, identify US states where you may owe sales tax, and clarify your GST/HST situation. Enjoy free advice from expert eBay tax accountants.
2. Setup & Integration
We connect eBay Managed Payments to QuickBooks or Xero using A2X or Link My Books. We map final value fees, reconcile refunds/chargebacks, and track inventory from day one.
3. Ongoing Support
Monthly bookkeeping for eBay sellers and final value fee tracking. We also offer multi-state US sales tax filing, GST/HST compliance, and quarterly CPA check-ins.
Why Our eBay Accounting Services?
eBay Fee Expertise
eBay fees are layered: final value (~13.6% + per-order fee), promoted listings, etc. Fees apply to the full total, including shipping and tax. Most accountants lump them, but not us.
Across Borders
Selling on eBay.com from Canada? We handle T2 filings in Canada, 1120-F in the US when required, and all 1099-K complexities. Trust our accounting services for eBay for compliance
Free Audit Support
Facing a CRA or IRS audit? We’ll represent your eBay business for FREE because we trust our expertise.
Our eBay Seller Stories
See What Toronto eBay Sellers Say
Get Started Today!
Talk with our accountants in Toronto and find the right bookkeeping solution for your eBay store.
FAQs
Common questions about eBay bookkeeping and accounting for Canadian sellers.
Do I need to report eBay sales to CRA?
Yes. If you’re running a business on eBay, even part-time, all profits count as taxable income in Canada. Report them on your T1 (for sole proprietors) or T2 (corporation). Casual personal sales (like old items sold below cost) usually don’t need reporting, but proper bookkeeping for eBay sellers tracks everything and maximizes deductions for fees, shipping, and supplies.
What is the best accounting software for eBay sellers?
QuickBooks Online or Xero, combined with integrators like A2X, Link My Books, or ConnectBooks. These tools automatically pull data from eBay Managed Payments, categorize final value fees and refunds, and handle multi-currency sales. Analytics tools like Sellerboard are great for insights, but you need solid accounting for eBay sellers for accurate tax filing.
Is QuickBooks good for eBay sellers?
Yes. It is somehow the best software for eBay bookkeeping. QuickBooks connects seamlessly with eBay Managed Payments through apps like A2X or Link My Books. It manages multi-currency payouts, tracks inventory for resellers, and generates clean tax reports. Our bookkeeping for eBay sellers relies on it (or Xero) to fix mismatched payouts.
How much can you sell on eBay Canada before paying taxes?
There’s no minimum for income tax; all eBay profits are taxable right away. For GST/HST registration (and eBay starting to collect/remit it), the threshold is $30,000 in worldwide sales over four quarters. Sellers often mix these up; a dedicated eBay accountant sorts it out clearly.
How much does eBay take from a $100 sale?
Usually ~$14 (~13.6% percentage + $0.40 per order fee), plus any promoted listings or international fees. After refunds/chargebacks, your net might be $70–$80. Expert eBay accounting ensures full deductions.
Does eBay report my sales to CRA?
Yes, eBay reports data to CRA for qualifying sellers (often higher-volume ones meeting transaction or sales thresholds). They may also request your tax ID. Always report your income fully, or find an expert firm offering bookkeeping for eBay sellers that keeps your records audit-ready.
What is the $600 rule?
A US reporting threshold. If you sell on eBay.com from Canada, you’ll get a 1099-K once you hit $600 in US sales. It doesn’t mean you owe taxes, just that the IRS gets notified. Good eBay accounting helps you report correctly in both countries.
What are the new rules for eBay sellers in 2025?
Fees stay around 13.6% plus a per-order fee. The $600 threshold for 1099-K reporting is now fully active for US sales. eBay still remits GST/HST for Canadian sellers after $30,000. Your bookkeeping for eBay should track these remittances separately, not as collected income.
Should I use cash or accrual accounting for eBay?
Cash is simpler: record income when it hits your bank. But the correct way is to use Accrual since it matches revenue to when sales happen, not when eBay pays out. QuickBooks or Xero with A2X supports both. CRA does require accrual based accounting and this is especially important if an audit opens up as CRA will ask for eBay marketplace reports.
Does Xero link with eBay?
Yes. Xero connects to eBay Managed Payments through A2X, Link My Books, or ConnectBooks. If you’re already on Xero, it works great for bookkeeping for eBay.
How much does eBay bookkeeping cost?
Usually around $800–$1,000/month per entity. Many factors, like transaction volume and complexity, should be considered. Book a free call for exact pricing.
Should I use cash or accrual accounting for eBay?
Cash is simpler: record income when it hits your bank. But the correct way is to use Accrual since it matches revenue to when sales happen, not when eBay pays out. QuickBooks or Xero with A2X supports both. CRA does require accrual based accounting and this is especially important if an audit opens up as CRA will ask for eBay marketplace reports.
Do I need an eBay bookkeeper near me?
No. eBay accounting is completely remote. SAL Accounting is based in Toronto’s Financial District on Bay Street, but we support eBay sellers across Toronto and the US virtually.
