Sign Up

Frequently Asked Questions

Frequently Asked Questions

How do I account for VAT taxes collected on my eBay sales?

When selling on eBay you have the ability to assign a VAT % (vat_percent) to your listings. However, eBay will not itemize out the VAT taxes collected from the sale total.

Greenback can solve this problem using a feature called VAT Transform. VAT transforms, when applied to your data, will transform the transaction by applying the appropriate VAT rate, creating a VAT tax line item within the transaction. When exporting the transaction to an accounting program, you can now easily categorize the VAT taxes.

For assistance on VAT transforms please contact Greenback support.

Join the world's most advanced pre-accounting system.

Start a free trial on our growth plan now.

  • Start your free trial
  • Easy set-up
  • Cancel any time