FREE WORKBOOK
Multi-Channel Bookkeeping Template
Four channels in one profit and loss, and the rolling VAT test run on taxable turnover rather than on the money that reached your bank.
Because Etsy takes its fees before it pays you, so the deposit is never your turnover and every month there is a gap to explain.
Who this workbook is for
Profitable sellers who still have weeks where the money looks wrong, and cannot see why.
You have just added a second channel
Bookkeeping was manageable on one platform. Now there are four sets of reports, four fee structures, and no single statement telling you how the business is actually doing. This gives you one profit and loss covering all four, month by month, from forty-eight rows a year.
Your turnover is anywhere near £90,000
If your books are built from the payouts, they understate your turnover by every fee the platforms took before paying you. On the worked year that gap is £19,428: the payouts never reach the threshold, while the real figure crossed it in November.
You cannot say which channel actually pays
Most sellers can name their biggest channel. Far fewer can name the one keeping the most of every pound, and it is usually not the same one. Both are ranked separately, because volume and margin are different questions.
