Post by Nongmin Consultancy Services (HireNCS)

Your 1099-K shows $1.2M in sales. But your bank tells a different story. You check deposits… and there’s a gap. The first thought: “Where did the money go?” The second thought: “Am I going to be taxed on this?” Here’s the reality: The gap isn’t missing money. It’s how your numbers are structured. If you run an eCommerce business, here are 6 hidden factors that create the 1099-K gap 👇 💳 Processing fees 🔁 Refunds & chargebacks 🧾 Sales tax ⏳ Timing differences 📉 Platform deductions ⚖️ Small adjustments that add up These aren’t minor details. They directly affect your revenue, cash flow, and decisions. Swipe through to see what’s really behind the gap 👉 💡 Save this — most businesses only understand this after it impacts their cash. 👉 Not sure if your numbers actually make sense? Let’s review your books. https://lnkd.in/enAxyWsz #EcommerceAccounting #1099K #Bookkeeping #Shopify #AmazonSeller #SMBFinance #HireNCS