A solution to help sellers with tax season now supports sellers on Amazon and Poshmark in addition to eBay and Etsy. Seller Ledger stepped in earlier this year to fill the void left after GoDaddy Bookkeeping abruptly ended its solution in 2022.
Kevin Reeth cofounded Outright in 2008, which was sold to GoDaddy. After GoDaddy pulled the plug on the original tool, Reeth launched Seller Ledger to help sellers who were left in the lurch, as we reported in March.
Over the summer, Seller Ledger also implemented inventory tracking with more detailed cost-of-goods-sold tracking. “This is something we never got to do at Outright and GoDaddy Bookkeeping never attempted,” Reeth said. “The key feature is the ability to, when you record your purchased inventory and enter the cost of an item, assign a unique SKU that you also use on eBay, Poshmark, Amazon, etc. Then, when that item sells, we automatically match it, reduce the inventory, calculate the cost of goods for you, and show you the gross profit on that item sale.”
“It’s the first real step we’ve taken beyond what Outright/Godaddy Bookkeeping ever attempted,” Reeth said.
Seller Ledger is not stopping its enhancements and expansions – it is currently beta testing Mercari and bank history via CSV.
