 Hello, everybody. Today we are here again with Nir Ehrlich from My Profit platform. In this video, we will talk about what is negative cash flow, how to calculate it right, how to work with it, and how it will help to your eBay dropshipping business. Nir will show you everything that you need to know to calculate right your negative cash flow. And in the next video, we will also work with it to calculate our whole profits from our dropshipping businesses. So, Nir, the stage is yours. Enjoy. Thank you, Lio. Hi, guys. So, if you remember, in the previous video, I talked about positive flow of cash that was coming from three major sources. Number one was paper report, the amount received from customers. Number two was paper report as well. It was the positive fees in cases of refund. Number three was credit card. It was about refund cash from your supplier in cases of refund. So, today, I want to talk and discuss with you about negative flow of cash. I call negative flow of cash to any transaction that comes out from your business. That will answer the question, who are we paying so much money for? So, basically, there are five sources of negative flow of cash. One is credit card. This is the payments to our supplier for the items that you purchase. Number two is PayPal. It's about negative fees for using PayPal services. Number three is PayPal as well. It's refund to your customers. Number four is to eBay. Negative fees for using eBay services. Number five is specific costs. These sections include all the non-generic costs, like using a warehouse, paying a VA, paying a market research software, and more. So, this is the five major points. Now, I want to show you an example to each one of these points. Okay. So, now, I will share the first point is my credit card Excel file. So, I will just remember you. The first column is the dates of the transactions. The column C is the name of the suppliers that you paid, and column D is the amount of money. So, now, we will do the opposite from the previous video. We will go to the filter and choose the number that are greater than zero, because the numbers that are greater than zero are the numbers that you paid your suppliers. So, now, we've got the whole numbers. If we will sum the numbers together, I will get a total result of, let me see, 2,170 euro. But do not forget, we have to do another step. We have to go to column C, and then you click A to Z, because you want to see if there is something suspicious that is not relevant to your supplier. So, now, you can see I see AliExpress, and then I see here, number four, it's a non-relevant data. It's a PayPal invoice, and I will delete it, because eBay is not one of my suppliers, and I will show you, in the next points, how we deal with eBay. So, now, I delete it, and I will see only suppliers. I see AliExpress, Amazon. I will go all the way down. I see only Amazon and AliExpress. It's okay. So, now, I will calculate the total sum together, and the result is 2,090 euro. I go down, and I mark it in red color, because it's money that I pay. Okay? So, this is the first point. The next point is PayPal. So, I will show you my PayPal report. I will share it right now. If you remember in the previous video, I'll show you how to download it, and I marked it in red, so you can see it. I go to column D. It's the fees, and the number of the total fees is 90 euro. This is point number two. Point number three is refund in PayPal to customers. I see it in column F. The amount refunded, I see it's 308 euro. So, we talked about three points. We have two points more to cover. Point number four is eBay. Negative fees for using eBay services. I will show you how to go to the eBay, and just it's very easy to collect this data. I will open one of my accounts. Okay, I will share it to you. So, you can see your username here at the bottom of the page, at the top of the page. We click on account settings, and after we click account settings, we go to the right, and we can see this is the billing, the invoice. I will choose the specific month that I want to calculate. This I chose November last November, and I see the total amount, this is the amount that is relevant, is 34 euro. This is the eBay invoice. It's very important for you to know how to see it. So, we talked about four points. And now, if you remember, point number five is specific costs. Specific costs, I will explain again, it's all the non-generic costs. So, I don't have a practical example to show it to you, because everyone is working in a different way. So, if you use a warehouse, you have to write it down and to know how much you pay in this warehouse every month. If you are using a VA, you are the only one that knows how to calculate it, because I believe you are paying it through PayPal. Just click in the PayPal search menu, the name of the idea of the VA, and you will see how much money did you pay them, only in this specific month. If you are using a market resource software, I believe that you know what are your payments. So, you have to write it down manually every time you are doing the calculation. So, let me summarize all the data. We went to the first point to my credit card and we took only the positive numbers and we deleted all the transactions that are not relevant to suppliers. It was €2,090. Then we opened my PayPal account and we saw fees and we saw a refund. You have to write it down and mark it in red, because it's money that you paid out from your business. Then we opened my eBay account. We saw the inverse of €38, and then the specific cost is individual to every one of you. You have to write it down, sum it together, and the total result is the total flow of negative cash. So, basically, Leo, this is it from my point of view. Cool. I wanted to add some tips about this. What I usually do, I create a sheet file, Google Sheets, and there I put all of the months of the year, like 1 to 12, and there I put for each month if I already took the expenses from this site and if I already calculated it. Then this way I can just go over the sites one by one, put all of them in a list, and then you can just go over the sites and add all of them to one Excel file, and then it's very comfortable to work with it and you will not forget anything on any month. This is what I recommend about this, because it's important for both for the accountant and also for us to know what is our real profit. Thank you very much, Nero, for the explanation here. It was a great video. Thank you very much. I wanted to say something. Okay, cool. Thank you. The next video with Nero also will be very interesting about how to work with all of this stuff together, right, Nero? In the next video, I will try to provide you a live demonstration to take a real month and to add all the knowledge that I gave you in the previous video together, to take all the positive, to take all the negative, to take all the specific costs and to show how I really put in Excel files all the relevant data and I calculate the real total profit. Amazing. So under this video, I will add two links to our previous videos and after that, when we release the new video, I will also add it here under this video. So see you in the next videos. Don't forget to subscribe to our YouTube channel and leave a comment with any question which you have about finance management. Nero can answer all of your questions under this video. See you in the next videos. Bye-bye. Thank you.