Originally Posted by bcr229

If you expect your total annual sales to be more than $600/year I'd recommend looking into https://www.waveapps.com/.

Wave offers free accounting services through their online portal, and make their money through credit card processing services; Stripe is the back-end processor. My overall rate last month was 3.17% (swipe fees vary by type of credit card).

I brought up the $600 threshold due to the change in 1099-K reporting requirements by merchant processors - https://wallethacks.com/600-dollar-v...pal-tax-rule/]. Wave also has a mechanism to track your expenses, making it easy to generate a balance sheet or profit/loss statement so that even if you do get a 1099-K you can show the reported amount wasn't all taxable profit.