Sales reports, ledgers, and tax information are all important reports that you should have in your business. Online services and software supply different flavors of these reports.
PayPal allows you to download your sales data into a format compatible with QuickBooks, a highly respected and popular bookkeeping program. You can also choose to download your data to an Excel spreadsheet. PayPal reports are chock-full of intensely detailed information about your sales and deposits. Putting this information in a standard accounting software program on a regular basis makes your year-end calculations easier to bear. (In Chapter 16, I detail what else you might need for this task.)
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