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Just a quick question please .
how do people manage Esty sales ?
hers an example of what's happening
Etsy Syncs with quick book
Sale 1 - £30 - Sold on 10th / Syncs on 10th in sales "all sales section " & "Overview" section
Sale 2 - £30 - Sold on 10th / Syncs on 10th in sales "all sales section " & "Overview" section
Sale 3 - £30 - Sold on 10th / Syncs on 10th in sales "all sales section " & "Overview" section
now because you sell on etsy - you cannot get the deposit of these funds until the next day
when the funds come the next day or 2 days, or whenever you select, these come through as deposited funds into your account " this then goes on top of your "sales figures" - even though its already been added when the sales first got synced with etsy .
whats peoples work around please ?
Thank you for the details of your concern and for providing a screenshot, @Trindleberry. You'll have to match the transactions downloaded from your bank with the synced Etsy sales transaction to avoid duplication of income. I will provide you with precise information on how to do this.
Please follow the steps below:
To avoid duplicating your transactions, please note that setting up a bank rule may lead to separate categorization in your bank deposits, rather than matching with your synced sales. This could result in your income being counted twice.
I've added this article for you to check to learn more details about syncing your Etsy app with your bank transactions in QBO: Ready to sync your data across your apps.
Moreover, you can consult this article to understand how to utilize reports for monitoring your sales and inventory in QBO: Use reports to see your sales and stock status in QuickBooks Online.
I'm glad I could assist you with your concern about syncing your bank transactions to the Etsy app. If you need further help, please feel free to reply to this thread. We'll be happy to continue supporting you.
hiya, this doesnt work
as if you get 30 sales a day for example
and your deposits are every 2 or 3 days
by the time you get one deposit you have 60-90 sales ( then the next day you would get the deposit for the next few days )
i did get help from online agent though , who suggested " just excluding the deposits " - as they are already registered as sales
this avoids duplication, which i dont mind.
when everything becomes MTD ( income tax soon too ) - i dont want to be declaring my sales double what they were
thanks :)
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