Keep an eye on your total taxable sales and see how close you are to the UK VAT registration threshold.
Keep an eye on your total taxable sales and see how close you are to the UK VAT registration threshold.
Put in the numbers you know. Use the real amount you paid where possible. If the answer looks too good to be true, check you have not forgotten fees, postage, packaging or the cost of the item.
Use what you actually paid or the best evidence-based estimate you have.
A sale can make money but still be poor value if it took lots of time or tied up your cash for months.
After the sale, use the real fee, postage and sale figures so you know exactly what happened.
Work out true profit after item cost, fees, postage, packaging and other costs.
Calculate profit after costs profit left after costs from sales money and profit.
Calculate markup on your item cost.
MyCost tracks item cost, sale price, fees and profit across your stock.
