Put the year’s activity in one report.
Bring your recorded sales, purchase costs, selling fees and business expenses together in a profit and loss report. Choose the reporting period you need and review the figures before sharing them with your accountant. Complete records make the report useful; your accountant still determines the appropriate tax treatment.
Profit and lossRevenue, cost of goods and operating expenses in one dated statement, ready to export.Illustrative example.
Accountant-ready export, not a lodged return
The P&L is sales, fees, COGS, postage, refunds, and expenses for a range you pick. Your accountant maps it to the ATO. Flippedit does not lodge a BAS or file a tax return.
EOFY is a range, not a rebuild
Because the tracker syncs all year, 1 July to 30 June is a filter. It is not a week of reconstructing December from Seller Hub and a shoe box of postage receipts.
Expenses and refunds are in the same picture
Tape, fuel, storage, and returns have to sit next to item profit or the year is a sales CSV with extra steps. Off-eBay sales roll in if you log them.
Not Xero, not a 1099-K widget
Those tools do bank feeds, invoices, US information returns. Most eBay sellers fail at the eBay-shaped P&L. That is the file this page is for.
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Accountant-ready, not “export and cry”.
Tax software for eBay sellers usually means one of two things: a US 1099-K product, or a full ledger (Xero, QuickBooks, a bookkeeper's app) that wants bank rules you will not maintain.
Australian sellers search “ebay profit and loss” and “ebay tax report australia” because they need a third thing: a P&L that starts from eBay reality (fees as charged, postage, refunds, COGS) and can be handed over.
Flippedit is that third thing. It is not Franked, not QuickBooks, not an ATO portal. It is the store's money, already tracked, summarised.
This is general information, not tax advice.
What the P&L contains.
| Bucket | What feeds it |
|---|---|
| Revenue | eBay sales synced twice a day, plus other channels you log |
| Cost of goods | What sold items cost, including bulk-haul splits |
| eBay fees | Transaction / final value fees and promoted listing costs as charged |
| Shipping | Postage you covered, on the sales it belongs to |
| Refunds | Money returned, taken back out of the story |
| Expenses | Tape, fuel, storage, tools you recorded through the year |
| Net profit | What is left |
Pick FY, quarter, or a custom span. The feature page is the product surface.
A 31-day window in the live dashboard: $6,854.36 in, $3,964.22 out, $2,890.14 kept. Stretch that structure over 1 July–30 June and you have the year. You do not get that from a Seller Hub GMV number.
Why eBay's own reports are not a P&L.
eBay can tell the ATO (and you) about platform activity. It cannot tell anyone what you paid at the thrift store. Gross sales without COGS is how people pay tax on money they never kept.
Refunds, ads, and postage sit in different Hub reports. Accountants do not want five CSVs and a story. They want one period, one net, and a way to sample line items if the ATO ever asks.
If you already live in Xero and reconcile every eBay payout, you may only need Flippedit as the per-item check. If you do not, the P&L here is the difference between “I sold $116k” and “I kept $51k,” which is the kind of gap our feature mock uses for a full year illustration, not a promise of your result.
Australia: what actually matters.
- Income tax: sourcing to resell is income. No UK-style trading allowance.
- GST: register around $75,000 turnover. Under it, you typically do not charge GST. Over it, you have 21 days to register. The P&L will not press the button for you.
- Reporting: platforms send data. Assume the ATO can see gross activity even if your drawer is empty.
- EOFY: 30 June. Starting the tracker in May is late and still better than starting in August.
Deductions only exist if you can prove them. COGS, fees, postage, and logged expenses are the proof. Mileage and home office are accountant territory. We do not invent those lines.
vs a full accounting suite.
QuickBooks, Xero, and similar are correct if you have employees, invoices, and a bookkeeper. They are heavy if your “chart of accounts” is eBay, Australia Post, and the thrift store.
Specialist seller tax products often skew US (1099-K). Australian sellers using them spend the year translating.
Flippedit's angle is narrow on purpose: eBay P&L, true profit, EOFY range, export. One job. If your accountant later wants the same year in Xero, they have a clean source instead of a chat history.
What to hand the accountant.
A useful pack is boring:
- P&L for 1 July–30 June (or your lodged year if you are not on FY)
- The same range split by quarter if they asked
- A note: “Fees are as billed by eBay, including promoted listings. COGS is what I paid. Postage is what I paid to send. Off-eBay sales are included only if I logged them.”
- Sample: five sold items with the line breakdown if they want to see the method
What not to hand them: twelve Seller Hub CSVs, a Google Sheet with #REF!, and a verbal estimate of “about 13%.”
If they work in Xero, they may still journal payouts. That is reconciliation against the bank. Your P&L is the trading result. Those can differ by timing. Tell them which one you want on the return. We will not pick for you.
GST on the P&L.
If you are under $75,000 and not registered, your P&L is mostly income-tax shaped: money in, money out, profit.
If you are registered, GST on sales and GST on fees is a second layer. eBay's billed fee is often GST-inclusive. Do not double-count. Your accountant knows how to split a GST-inclusive expense. They cannot split a number you never captured.
Flippedit will not generate a BAS PDF. It will stop you walking in with gross sales only.
Calendar traps.
- A sale on 30 June and a refund on 2 July belong to two years if you file on sale date. Ask your accountant which event they want. Then use custom ranges to show both.
- Promoted listing charges can land on a different day than the sale. We attribute ads to the sale they belong to so the SKU's margin is right. Payout timing can still disagree.
- eBay payouts are not revenue. Do not give the accountant the payout CSV and call it a P&L.
These traps are why “ebay tax report australia” is a search at all. The report has to choose a definition and stick to it. Ours is trading profit per the formula, summed over the range you pick.
How to not hate July.
- Connect eBay now, even if the year is half gone.
- Add COGS on what is still active and on recent solds.
- Log expenses monthly, not on 28 June.
- In early July, set the range to last FY and export.
- Send that, plus a note that fees are as charged by eBay, to the accountant.
Do not wait for the product to “do tax.” It does records. Tax is a person.
Hobby vs business, without the myth.
People still ask whether a “hobby” eBay account is invisible. If you buy to sell at a profit, Australian tax treatment is not a vibe. The P&L does not decide your status. It does mean that if you are a business, you have numbers.
If you truly sold personal goods you originally bought to use, tell the accountant. Do not mix those with sourced flips in one undocumented pile. Flippedit is built for the sourced pile.
Price.
P&L that stays current needs the sync: $29 AUD a month or $229 AUD a year, with a free trial.
Start free trial and open a date range that matches how you file. If the buckets look like your business, keep it until June and skip the shoebox.
A few things you might be wondering.
Get clear on the details before you connect your store.
Can Flippedit produce an eBay tax report for Australia?
It produces an accountant-ready profit and loss from your year of sales, fees, COGS, postage, refunds, and expenses. It is not a lodged tax return, a BAS, or legal tax advice. Your accountant maps it to the ATO.
Can I run it for the financial year?
Yes. Financial year (1 July to 30 June), a quarter, or any custom range. Because Flippedit syncs all year, July is a range change rather than a rebuild.
Does this replace QuickBooks or a bookkeeper?
No. Those tools do bank feeds, invoices, and lodgements. Flippedit does the eBay-shaped P&L most sellers actually fail to keep. Many accountants are happier with a clean export than a messy file from a general ledger the seller never reconciled.
Are off-eBay sales included?
If you log them. Facebook Marketplace, flea markets, and one-offs roll into the same report so the P&L is the business, not only the eBay slice.
Is this official tax advice?
No. Australian income tax, GST at $75,000 turnover, and what you can deduct are questions for a qualified accountant. We keep the records they ask you for.