When Quick Books asks what type of business you want to use choose Retail General

QuickBooks doesn't offer an online sales business choice, so Retail: General is the closest to what you need (see Figure 16-4). With the chart of accounts that we feature in the following section, you can make the appropriate changes to your accounts to adapt to your eBay business.

Figure 16-4:

Selecting your company type.

Figure 16-4:

Selecting your company type.

5. When QuickBooks asks whether you want to use its chosen chart of accounts, choose Yes.

See Figure 16-5.You can always change the accounts later. If you want to spend the time, you can also input your entire custom chart of accounts manually (but we really, really don't recommend it).

Figure 16-5:

Accepting the

QuickBooks chart of accounts.

Figure 16-5:

Accepting the

QuickBooks chart of accounts.

6. Answer some more general questions, which we're sure you can handle with the aid of the incredibly intuitive QuickBooks help area.

7. When the preferences pages appear, select the 'Enter the bills first and then enter the payments later' option.

That way, if you input your bills as they come in, you can get an exact idea of how much money you owe at any time by just starting the program.

How To Cash in on eBay

How To Cash in on eBay

If you've ever read an article about eBay, you will have seen the kinds of incomes people make it isn't unusual to hear of people making thousands of dollars per month on eBay. Next time you're on eBay, take a look at how many PowerSellers there are: you'll find quite a few. Now consider that every single one of one of them must be making at least 1,000 per month, as that's eBay's requirement for becoming a PowerSeller.

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