How to download reports for Tax Season

WCMp Core

How to download reports for Tax Season Open

Tagged: ,

Viewing 16 reply threads
  • Author
    Posts
    • #88243
      Michael Earley
      Participant

      So it’s time to start preparing taxes here in the USA. Is there any simple way to download as CSV the sales reports so I can see what Sales we’ve had each month and how much has been paid out to vendors in expenses?

    • #88249

      @Michael Earley, currently, you can see all the admin and vendor’s corresponding report via WCMp >> Report tab : https://prnt.sc/qoe1sx

      Admin can download the sales report from WooCommerce Report and Vendor’s commission report from WCMp >> Commission tab.

      Let us know if you have any further queries.

    • #88501
      Michael Earley
      Participant

      TBH, I don’t think thats sufficient especially if you want to get more US Clients. The vendors report isn’t downloadable either.

      I’d be happy to share with you my suggestions:

      – Export by date range that shows: Sales, Commissions (total and by vendor) as a CSV file.
      – Some way of handling 1099s for US vendors who earn over $600 USD
      – ways of handling whether someone is us based or not, and collecting their tax info.

      As sites grow and get more vendors/revnue reporting and tax functionality is hugely important, even if its a paid addon.

      Going through right now it’s a royal pain in the but to work out what the P&L is for tax purposes , and what my reporting obligations are.

    • #88502
      Michael Earley
      Participant
      This reply has been marked as private.
    • #88552
      This reply has been marked as private.
    • #89196
      Michael Earley
      Participant
      This reply has been marked as private.
    • #89207
      This reply has been marked as private.
    • #89250
      Michael Earley
      Participant

      @nerdysupportexpertmoumita – could this be fixed by running: Force WCMp order migrate? I think this is a new option and I have a bunch of orders from before sub orders became a thing, do the reports rely on these orders being migrated first?

      Is there any risk in doing this?

    • #89319

      @Michael Earley, the force WCMp order just runs the cron which will create sub order for all the old orders. This doesn’t cause conflict with any other data. However it is required to have all the subs orders, so the vendor can see the order, report etc.

    • #89194
      Michael Earley
      Participant
      This reply has been marked as private.
    • #89195
      Michael Earley
      Participant
      This reply has been marked as private.
    • #89687
      admin24
      Participant

      I’d like to offer to help collaborate on a solution for this. I was forced to use the numbers from PayPal to determine my taxes, but it wasn’t easy. Luckily I only have a couple vendors doing serious volume and I know they’re doing their taxes correctly… but I’ve got no way to know how much I’ve paid each vendor (unless I am missing something of course).

      I agree with the post above so far, it is kind of critical that at least a report can be exported for a given date range that shows exactly how much the admin has paid out to each vendor.

      I would think that this was what advanced reports would be able to do… but then again I can’t get that working either :-/

    • #89832

      @admin24, we do have plan to integrate this feature, probably with version 3.5

    • #89837
      Michael Earley
      Participant

      Side note – this doesn’t work https://wp1099.com/ paid $100 for it and only shows about 50% of my vendors and not the ones with the most sales. Had to get a refund off them.

    • #89860

      Hi @Michael Earley, sorry for the inconvenience.

      Can you please explain the issue, so we can look into this ASAP.

      Looking for your co-operation regarding the same.

    • #89917
      Michael Earley
      Participant
      This reply has been marked as private.
    • #89921
      This reply has been marked as private.
Viewing 16 reply threads

Please LOGIN to reply to this topic

WCMp bundle is available at a slashed price

Grab It Now