PRO: Revenue Accounting

Hello everyone,

A quick practical question regarding accounting. To determine your monthly revenue, do you enter your sales as you go in a notebook or a spreadsheet?
On Vinted, I get the impression there’s only a summary of payment dates.

Have a good day

Hello, personally I use ****** (a competitor of Clemz) (in free mode) to extract my sales in CSV: they are therefore in Excel and I record my accounting based on the extraction…

Thank you for your reply. Does your file also contain the sales date, or only the payment date?

Have a nice day :grinning_face:

Personally, I make only one transfer at the end of each month and I declare the transfer I made each month :person_shrugging:

Yes, in the end, as long as everything balances out over the year, it should be fine. Have a good day.

Same. The assessment is annual.

Hello

Quick question @Breizh Are you using a PRO account on Vinted?
Or a personal account?

Because the accounting works differently.

With a PRO account, you must issue an invoice for each sale. This invoice shows the date of the sale and the date of the invoice.
This way, you know exactly how much you invoiced during the month.

It’s not the sums received that you need to declare, but the total sales for the month (turnover). Even if you haven’t received the corresponding payment yet.

Personally, I keep an Excel sheet updated, and I enter my invoices into it monthly, and I declare these monthly sales in my accounting software.

++

Hello, thank you for your reply.
Indeed, we are on the personal version, so without an invoice each time. Indeed, in accounting, the date of sale counts, not the date of payment. Have a good weekend.

Is it not paid?

After the free trial, it leaves access open with fewer features: no invoicing for example, transaction prices no longer show up but you can still export the list to csv (it also allows you to see when they are batches). Given my volume and my other tools, that’s enough for me :wink:

Okay, thank you for your answer. By the way, what other tools do you use to manage your Vinted? I’m new to buying and reselling and I plan to invest seriously in it and make it a real business.

I have been using Sage commercial management and accounting for years for my other companies, but I manage my Vinted stock with Excel, which I am in the process of automating… I should clarify that I don’t just buy and resell on Vinted; I also sell for my friends (this allows me to have second-hand items because you’re not allowed to only sell new items on Vinted; you can have items removed for « mass selling » if reported).

Thank you for your feedback

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Hello, a small question, but for accounting, do you record the sum we actually receive or the sum including shipping costs and buyer protection fees? For example, I sold an item for €10, I actually receive €10, but the customer paid €13 in total. Which sum do you declare to URSSAF?

You must declare the sum that has passed through your hands. In this case, you did not have access to shipping costs or buyer protection: you do not declare them.
(Imagine the case of a sale for €1, with €5 shipping costs and €1 protection. If you declared the total, i.e., €7, you would have to pay about 12% on it, or €0.84. If later you also have to pay income tax, it ends up being more than the initial €1)

If the buyer pays you the shipping costs directly, which happens on Rakuten, eBay, or others, you must declare them in your turnover. The solution is, of course, to charge more for them than they actually cost you, i.e., to make a profit on them. This is indeed an essential profit mechanism for platforms: they pay Mondial Relay or others much less than what they receive from customers.

Thank you very much for the information. Do you have to make the request for export each time, or can they modify it specifically for your own account?

No, they can most certainly do a special export for you :slightly_smiling_face:

Personally, I’m like you, I’m considering studying the issue of automation in a Google environment.
The idea would be to have an Excel file with a script (via Google Apps Script) that fetches emails from no-reply@vinted.fr (and the relevant subject line) then extracts the information into an Excel/Google Sheet file.
I think that’s a bit how vintedCRM works. The thing is that 80% of vintedCRM’s functions are useless to me for now, and I prefer to have control (because that way I can also automate if I use leboncoin).

What are the 20% that are most useful to you?

to keep a record of my sales, I think that’s what most people are looking for.

I must admit that the aspect: automatic invoice generation and automatic sending, as well as the automatic sending of the return form is very nice.

I started developing a small app script with Google, it’s progressing slowly

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