Simple Bookkeeping for a Verification Number Store
Business guide ·
You don't need accounting software to know if your number store is profitable. A simple monthly sheet does the job and makes taxes far easier later.
The columns
- Deposits. What customers paid you.
- Wholesale cost. What telly.cat charged your balance for their numbers.
- Gateway fees. What your payment provider kept.
- Store costs. Monthly fee and commission.
- Other costs. Domain, ads, helpers.
- Profit. What's left.
Where to find the numbers
Your store's transactions and statistics, your gateway dashboard and your telly.cat account history.
Don't count balance as profit
Customers' unspent balance is future wholesale cost. Count only the margin on numbers that were delivered.
Keep receipts
One folder per month with invoices and receipts for every cost.
Monthly routine
- Fill in the numbers.
- Compare with last month.
- Write one note about what changed.
Get help when it grows
When income becomes regular and significant, talk to a local accountant about registration and taxes.
Transactions and statistics are built into every telly.cat reseller store.
FAQ
What should I track monthly for my number store?
Customer deposits, telly.cat wholesale costs, payment gateway fees, the store fee and commission, and your final profit.
Is customer balance my profit?
No. Balance customers haven't spent will be used on numbers you pay wholesale for. Only the margin on delivered numbers is income.