A beginner-friendly checklist of the records a reseller should keep, with a reminder to use HMRC guidance for personal tax questions.
A beginner-friendly checklist of the records a reseller should keep, with a reminder to use HMRC guidance for personal tax questions.
Save a copy and use it as-is, or adapt it to the way you sell.
A simple checklist or sheet prevents the small details — cost, location, condition, postage and evidence — from living only in your head.
MYCOST — UK RESELLER RECORDS CHECKLIST
If you buy stock to resell for profit, useful records include:
[ ] What you bought
[ ] Date bought
[ ] Where you bought it
[ ] What it cost
[ ] Evidence/receipt where available
[ ] Marketplace listed on
[ ] Date sold
[ ] Sale price
[ ] Marketplace/payment fees
[ ] Postage and packaging costs
[ ] Refunds / returnsThat is exactly when a dedicated stock tracker starts saving time. MyCost can keep item cost, location, marketplace, sale and realised profit together.