Help Sales, customers & money The yearly profit and loss report
The yearly profit and loss report
Four lines, and only the last one is the answer to anything.
Gross revenue minus Cost of goods minus Expenses gives Net profit.
Export PDF writes it as a document you can hand over.
The four lines
| Line | Comes from |
|---|---|
| Gross revenue | Your completed sales, at what actually reached you. |
| Cost of goods | The costs you recorded per item or per stock line. |
| Expenses | Packaging, sourcing, postage you paid, subscriptions. |
| Net profit | revenue − COGS − expenses |
Only the first line comes from Vinted. The other three are yours, which is exactly why nobody can produce this report for you from the platform alone.
Set the year correctly
Tax year start (MM-DD) matters in more countries than people expect. Leave it at 1 January when your tax year starts in April and the report covers the wrong twelve months, correctly totalled.
Missing costs are visible
An item sold with no recorded cost is not treated as free stock. It shows as missing, so you can see how much of the year is actually accounted for before handing the number to anybody.
A report that quietly assumed zero would overstate your profit and cost you tax you did not owe.
It is not the same as being reported
DAC7 reporting is triggered by sales count or revenue, the top line. Tax is on the bottom line. Passing the threshold and owing something are separate questions, and the report is what answers the second one.
Flogit says so itself on that screen: thresholds and rules are different in every country. Set your own in Settings, and if a real amount is at stake, talk to somebody qualified.
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