How to Integrate Etsy with Quickbooks?
Sellers on Etsy stores can find it highly useful and effective when they integrate Etsy with QuickBooks and both software can be accessed through one dashboard. This integration helps streamline accounting operations seamlessly and helps save time and effort.
Etsy is an online e-commerce website on which users can buy and sell craft related and a variety of factory-manufactured items. This buying and selling community sells or buys handicraft-related supplies, vintage items, jewelry, clothing, and several other products. Users can sell or buy homemade items online without the stress of setting up a website or a real store or selling items at craft shows or fairs.
Through QuickBooks which is a cloud-based or desktop accounting software solution, small or medium size business owners can easily track sales, expenses, and transactions. Accuracy and maintaining records are important in bookkeeping and QuickBooks helps keep your finances in order and become more organized.
Planning future finances, generating reports, and keeping track of transactions is easy with this versatile and highly popular accounting software which was established by Intuit.
Etsy and QuickBooks integration is important to keep track of and gain better insights about finances for small and medium online business owners.
What is Etsy?
Have you heard about Etsy? It’s a marketplace website where people can sell the creative handmade products they make all by themselves. Etsy started in 2005 and has grown a lot since then. And Around 80% of the people who sell on Etsy are women! They are called independent creators. It’s like a big store for Amazon independent creators where you can find handmade, unique, and special products that you might not find anywhere else. There are over 4.3 million sellers on Etsy, and they have more than 60 million products!
Why is Integrating Etsy with QuickBooks a good idea?
QuickBooks makes accounting, sales, and tracking orders easy. QuickBooks also proves a fantastic platform to be able to sync all sales together. It also helps give the daily summary of business done.
Along with that, QuickBooks helps with entering the other sales made. It also helps in making and tracking receipts to give a summary of daily business.
It also helps make accounting charts and reports to help understand the profits.
It also gives authentic results. It makes managing the business easier.
Note: Make sure that you conduct thorough research about the third-party app that you will have to use. This is because the apps can carry bugs, and they might not be authentic.
Another significant factor to consider is the settings of the app and the two integrating services.
Advantages of Etsy and QuickBooks Integration
Users can gain advantages and benefits through Etsy and QuickBooks integration as it helps manage their online businesses in efficient ways.
- Etsy is an online e-commerce store with millions of users and when it is integrated with the well-recognized accounting software QuickBooks provides clearer insights into finances
- Sellers can track their expenses, tax-related details, and profits easily, and accounting processes get automated and effortless
- Better accuracy and data categorization are achieved
- Credit card transactions, invoicing, receipts, inventory, orders and report generation features can be easily managed through one dashboard
- Customer-related details can be updated effectively through the integration.
Supported Triggers and Actions
Triggers
| New Active Listing Triggers when there is a new active listing. | New Transaction Triggers when there is a new transaction. (Needs full access for application) |
| New Invoice Triggers when there is a new Invoice. | New User Triggers when a new user is created. |
| New Account Triggered when you add a new account. | New Bill Triggers when a new bill is added. |
| New Customer Triggered when you add a new customer. | New Estimate Triggered when you add a new estimate. |
| New Expense Triggers when a new expense is added. | New Invoice Triggered when you add a new invoice. |
| New Invoice Triggered when you add a new invoice (with line item support). | New Sales Receipt Triggered when a new sales receipt is added (with line item support). |
| New Payment Triggered when a payment is received (with line item support). | New Purchase Order Triggers when a new purchase order is added. |
| New Sales Receipt Triggered when a new sales receipt is added. | Updated Customer Triggered when an existing customer is updated. |
| New Vendor Triggered when a new vendor is added. |
Actions
| Create Bill (Item Based) Create a new bill, optionally tied to a customer. | Create Bill (Account Based) Create a new bill, optionally tied to a customer (with line item support). |
| Create Bill (Item Based) Create a new bill, optionally tied to a customer (with line item support). | Create Credit Memo Creates a new credit memo. |
| Create Customer Adds a new customer. | Create Estimate Create a new estimate (with line item support). |
| Find or Create a Vendor Finds or creates a specific vendor. | Create Product/Service Creates a new product or service. |
| Create Journal Entry Creates a new journal entry. | Create Invoice Adds a new invoice (with line item support). |
| Create Sales Receipt Adds a new sales receipt (with line item support). | Create Payment Creates a new payment, optionally linked to an invoice. |
| Create Purchase Order Creates a new purchase order. | Create Refund Receipt Creates a new refund receipt. |
| Send Invoice Send an existing invoice. | Send Sales Receipt Send an existing sales receipt. |
| Create Time Activity Creates a new single time activity. | Update Customer Updates an existing customer. |
| Update Invoice Updates an existing invoice (with line item support). | Create Vendor Adds a new vendor. |
| Find Account Find an account by name. | Find Customer Find a customer by name or email address. |
| Find Invoice Find an invoice by number. | Find Product(s) Find a product by name (with line item support) |
| Find Vendor Find a vendor by name. | Create Time Activity Creates a new single-time activity. |
| Find or Create a Customer Finds or creates a specific customer v2. |
How to Integrate Etsy with QuickBooks?
There are simple steps that can be followed to link the Etsy and QuickBooks accounts together. However, it is done using a third-party app.
The steps that need to be taken are all listed below:
Total Time: 10 minutes
Step 1: Use a third-party app to connect accounts:
The first step is to connect both accounts using a third-party app.
These apps can be found on the App Store and Play Store. It is essential to research before selecting which app you will choose.
Step 2: Log in to accounts:
The next step is to log into both accounts. To do this, go to the integration option and select QuickBooks and Etsy as options.
After that is done, log into both the different apps with the account you have. This will cause both of them to appear with your details on the page.
Step 3: Select Flow configuration:
In several third-party apps, there will be an option that asks you to select the flow configuration.
Clicking on that option will help transfer all details of your Etsy account and transactions to the QuickBooks account. This will make the entire accounting process easier.
Step 4: Select Tax configuration:
The next option to select is the tax configuration option. Most third-party apps will also have this option available.
Selecting this option will enable QuickBooks to calculate taxes and manage the money coming in and going out better.
Some people prefer not to have their taxes calculated since they prefer the manual method. It is entirely a personal choice.
Step 5: Sync the accounts:
The last step is to click on the sync or combine option. Most third-party apps will have the option listed as ‘Sync.’ Selecting this option will integrate Etsy to QuickBooks.
Expert Technical Assistance for Etsy and QuickBooks Integration
When you need to integrate Etsy and QuickBooks for the smooth operation of your online business it is important to seek expert technical help from professionals that we can provide. The Etsy QuickBooks integration is done through software and we can help your business with this process. Our dedicated experts will help to synch our software which is made for integration. Connect with us for any issues and call QuickBooks Technical Support Toll-free number smbaccountants.com.
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