eBay Moves All Sellers To First Of Month Billing Cycle
Sellers who were previously on the mid-month billing cycle have received notice that eBay will be moving to first of the month billing effective May 1, 2022.
The email read:
Important: Upcoming changes to when you receive financial statements
IMPORTANT: Beginning May 01, 2022, eBay will generate your monthly financial statements on the 1st of the month. You’ll receive a final mid-month financial statement covering the 16 days transitional period extending Mar 16, 2022 to Mar 31, 2022 on Apr 01, 2022. Moving forward, all financial statements will cover activity from the 1st day of the calendar month to the end of the calendar month. Learn more
The learn more link goes to this help page:
Billing cycles
Beginning 1 March, 2022, eBay will generate all financial statements on the 1st of the month, which will cover activity from the 1st to the last day of the calendar month. We'll no longer be supporting the mid-month cycle for invoices and financial statements. For more information, please read our most frequently asked questions and answers on billing cycles below.
Why do you have to move my billing cycle in order to change the date I receive my reports?
We want to help streamline the reporting and reconciliation processes for sellers by aligning all payments reporting to the calendar month.
Can I choose not to make this move?
Moving forward, eBay will not be supporting the mid-month cycle for invoices and financial statements, so we encourage you to update your processes in preparation for this change.
Can I move back to the mid-month cycle?
No, this change is intended to make seller reconciliation and reporting processes easier. In the future, eBay will not be supporting the mid-month cycle for invoices and financial statements.
How does this change impact my tax reporting?
If applicable, you can find additional information for tax reporting in your Form 1099-K. This can be found in the Payments tab in Seller Hub or Payments section in My eBay.
What happens in the month that this change takes effect? Will I receive two tax invoices/financial statements?
At the beginning of April, you'll receive a tax invoice and financial statement covering the 16-day transition period spanning the end of the previous cycle and the beginning of the next cycle (March 16 - March 31). You’ll receive the next 30 day tax invoice and financial statement at the beginning of the next month (May 01, 2022).
For example:
- You receive your tax invoice and financial statement on or around March 16 for sales from February 16 - March 15
- You would receive another tax Invoice and financial statement on or around April 1 with sales from March 16 - March 31
- Going forward, you'll receive your tax invoice and financial statement at the start of each month (May 1, June 1, etc.) detailing your activity in the prior month
Will all my historical invoices and financial statements be changed to the beginning of the month?
Sellers' historical tax invoices and financial statements will not change. Historical reports prior to migration to end of month report generation will remain in the mid-month cycle and will still be accessible to users via the Payments tab on Seller Hub or My eBay Payments tools.
