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Etsy QuickBooks Self Employed

Hi There- So I am a newer business owner and i do a chunk of my business off Etsy and through word of mouth. I had quickbooks online and it was going fine but I noticed on my etsy account that there was a quickbooks self employed version which will integrate your etsy information. PERFECT! Much easier. Now here is my question(s). I saved my expenses from quickbooks online into a csv but my quickbooks self employed won't export them (do i have to go through and manually reenter every receipt ive had?) Which brings me to my next question. The other reason i liked self employed was because of their tax features but i noticed I cant enter COGS (which i have a lot of since i do woodworking and make my products) since it isn't a supply it's obviously not calculating my taxes correctly. How does anyone with etsy make this work?

 

 

Sincerely, a small business owner who is just trying to pay her taxes 

 

Staci

Solved
Best answer 08-17-2017

Accepted Solutions
Established Community Backer ***

Re: Etsy QuickBooks Self Employed

Hi SBush

 

I'm glad you brought this up. I recently worked with this program quite a bit. 

 

If you want to import your transactions to QBSE, you can use the CSV file to bring them in. Just click on the Transactions tab on the left and then use the pull-down menu next to the Add Transaction button in the upper-right hand corner of the screen. 

 

2017-08-17_18-55-35.png

 

 

  • QBSE is a great option for calculating your estimated taxes and more, but it does not track COGS.  Some people that use it will pick a materials expense category for those transactions, but if that does not work with your business type, QuickBooks Online may be a better fit. 

 

 

-John

1 Comment
Established Community Backer ***

Re: Etsy QuickBooks Self Employed

Hi SBush

 

I'm glad you brought this up. I recently worked with this program quite a bit. 

 

If you want to import your transactions to QBSE, you can use the CSV file to bring them in. Just click on the Transactions tab on the left and then use the pull-down menu next to the Add Transaction button in the upper-right hand corner of the screen. 

 

2017-08-17_18-55-35.png

 

 

  • QBSE is a great option for calculating your estimated taxes and more, but it does not track COGS.  Some people that use it will pick a materials expense category for those transactions, but if that does not work with your business type, QuickBooks Online may be a better fit. 

 

 

-John