I noticed a few virtual assistants asking about how to do this on Facebook, so I thought I would do a quick blog post and include some screenshots, because I remember the first time I tried to find these numbers it wasn’t intuitive or easy to locate.
There are two places that you’ll find the numbers you’re looking for. It’s actually super easy once you know where to look, but getting there the first time might have you wanting to yell lots of bad words at your computer.
Hopefully this makes things a little less stressful…
1) The Charts and Graphs Location
First, login at Paypal.com
Go to this URL while logged in https://www.paypal.com/businessexp/transactions where you’ll click on the Charts and Graphs tab and change the dropdown to show the time frame you’d like. In this case I chose 2017, but you can do this for a 30 day period, a 90 day period, a year, or a custom date range.
The red arrows in the screen capture show where to click and the green circles show the numbers you’re looking for. This gives you a quick at a glance display of payments received and Paypal fees paid for the year.
If you’re doing your taxes and you didn’t receive a 1099-K, you’re probably looking for the downloadable report to add to your records, that’s the second place you’ll find your total payments and fees for the year.
2) Downloadable Annual Financial Report Location
First, login at Paypal.com and click on Activity. Then click on Statements, and select Reporting Center (or just go to https://business.paypal.com/merchantdata/reportHome)
Click on Financial Summaries. Then choose Annual Financial Summary.
Choose the year from the dropdown menu and click the download button.
You’ll get a PDF file that includes all the information you want: Payments received, refunds sent (if any), and total fees paid.
The full PDF also includes information on the total payments sent, currency transfers, cash back etc…
I hope this has been helpful. I blocked out the numbers on everything here, of course, but those Paypal fees do add up and that number was hundreds of dollars. Remember, this is a tax deductible business expense. If you have any questions or have a Paypal tip you’d like to share, please drop a comment below.
Tax time has a way of forcing us to look at back the previous year and see how we did overall. If you’d like to see a bigger number under “total payments received” I encourage you to join us in the VA Marketing Mastermind to focus on business growth looking forward.