EOFY Made Easy: Xero & MYOB CSV Export for Consignment Stores
End of financial year is looming for Australian consignment stores. If you dread the bookkeeping catch-up — unpicking marketplace payouts, calculating GST on consignor commissions, reconciling bank deposits with eBay statements — you’re not alone. Consignment accounting is uniquely messy. Most small business software treats every dollar the same. But in consignment, not all dollars are equal: the full sale price includes GST, while the consignor payout is a cost of sale — not taxable. ...