How should I keep financial records for reselling in Australia?
At minimum: record your buying price, date purchased, where sourced, platform listed, sale price, date sold, fees paid, and shipping cost for every item. A spreadsheet works at low volume. At AU$30,000+ annual turnover, cloud accounting software (Xero or MYOB) with an accountant makes EOFY straightforward. Keep receipts for all stock purchases — op shop receipts, market stall purchases, and shipping costs are all deductible business expenses if reselling is your business.
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Key things to know for Australian sellers
Australian online selling has its own quirks: GST registration thresholds, Australia Post rate structures, and platform-specific buyer behaviour differ from the US and UK advice you'll find most readily online. Checking ATO guidance directly and using the Australia Post postage calculator for accurate quotes are good starting points.
Using multiple platforms together
Most successful Australian resellers end up selling across at least two platforms. The marginal effort to list on a second platform is much lower if you already have photos and a description, and reaching two different buyer pools meaningfully increases your chances of a sale.
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List once, sell everywhere
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