How to Connect Quickbooks To Etsy | QUICKBOOKS ETSY INTEGRATION

 Etsy is effective and intuitive e-commerce website. For art-lovers, it’s a “dream-come-true” destination, where they can find plethora of folksy and artistic items to buy and sell at attractive prices. In last decade, this app has driven billions in sales and has attracted millions of customers across the globe. According to reports, Etsy app has produced flea market with approximately 44.8 million shoppers.

 

Major advantages of selling items on Etsy App

1.   Etsy App has become hub for unique artistic products and handicrafts items. Besides serving fringe markets, it also caters to most popular e-commerce niches like handmade jewellery and bodycon apparel.

2.   The popular platform of Etsy Seller Community has united the entire seller’s community. It’s provides a forum, almost similar to Amazon Seller Central, where sellers can ask as well as answer questions or share advices about art and handicraft products.

 

 

 3.   Furthermore  Quickbooks etsy integration  app serves as a platform for product sourcing, or promoting or advertising products.

4.   It’s easily accessible platform which requires no coding skills or design knowledge. It’s simple for sellers to create new shops and new products listings. Etsy is available in mobile version also which enhances instant customer engagement.  

5.   In this app, the algorithm automatically searches, arranges as well as ranks new listings so that users can get an automatic boost the first time, they inhabit online store listings.

 

For integrating Etsy and QuickBooks, users are recommended to use Sync with Etsy App. It will help in bringing payment from user’s Etsy payment account into their QuickBooks app account. This main benefit of this app is that it automatically enters as well as categorizes each sale, refund and fee. It not only saves time and energy but also keeps books updated with full safety and accuracy.

 

To begin with, its very important to set up then get your Etsy transactions into QuickBooks.

Step 1: To set up accounts in QuickBooks

Before the importing of your transactions through “Sync with Etsy app” starts, users should make sure to set-up that these accounts are appropriately set up in QuickBooks. The accounts are: - 

a.   The bank account where Etsy deposits your money from sales

b.   The bank or credit card account where Etsy charges your seller fees

Thereafter, users are supposed to check if these accounts are already present in QuickBooks by going to their Charts of Accounts.

Now, users should follow these accounts: -

1.   First of all, users should go to Settings

2.   Next, do select Charts of Accounts

3.   Now, do look out for the accounts in the list

In any case, if they don’t exist in   Quickbooks etsy integration, then users are supposed to follow these steps to add new accounts to their Charts of Accounts

Step 2: To Set up the Sync with Etsy app

After following these steps, users will be able to connect QuickBooks accounts to their Etsy Shop: -

1.   First of all, users are supposed to go to QuickBooks, and then select Apps from the left menu

2.   Next, they should select the Find apps tab

3.   In the Search Field, users are advised to enter “Etsy’ and then select Sync with Etsy from the list

4.   Now, do select Get App Now

5.   Subsequently, users are recommended to follow the instructions on the screen to set up app, including these steps:

a.     To give Intuit permission in accessing your Etsy shop.

b.    Do select the bank accounts, which was set up in step 1 so the app knows where to enter transactions.

c.     Do select the import start date. In this situation, this app will be able to import transactions to January 1 of the previous calendar year. 

After the successful accomplishment of set up, the app will start importing user’s Etsy transactions into QuickBooks. This action might take few hours, if there are numerous transactions. After the effective importing of first transaction, the apps will accurately check user’s Etsy payment account or at least once every three hours and also brings in the latest transactions.

Every time   Quickbooks etsy integration  connects with QuickBooks, it automatically adds accounts, services, customer and vendor names to user’s company. It is highly recommended that users should keep these items as same as they are as to make sure that app imports Etsy transactions correctly.

Step 3: To adjust books for past transactions

If users prefer to import Etsy transactions from the past in Step 2, then app might add transactions that are already present in users’ books. In user’s accounting system, this might cause them to be counted twice. The users are recommended to review their QuickBooks income and expenses for any Etsy transactions which they have posted before they setting up of Sync with Etsy app. After the successful first import, users should make these kinds of arrangements. Every time, the Sync with Etsy apps starts importing new transactions, it automatically creates transfers that matches to deposits or charges to user’s bank or credit card account. This helps in averting double counting of transactions and user’s expenses and income being stated again and again.

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