For quickbooks for etsy, how do i update sold inventory

I'd be glad to help you update sold inventory in QuickBooks, @Pam115.

In QuickBooks, we can automatically import transactions from your Etsy shop. 

We can use the Sync with Etsy app to bring transactions from your Etsy payment account into QuickBooks. The app automatically enters and categorizes each sale, refund, and fee. It’s a significant way to save time and keep your books up to date.

Before the Sync with Etsy app imports your transactions, make sure to set up these accounts in QuickBooks:

• The bank account where Etsy deposits your money from sales
• The bank or credit card account where Etsy charges your seller fees

Once done, you can start connecting QuickBooks to your Etsy shop. Here's how:

1. Proceed to Apps, then choose Find Apps.
2. In the Search field, enter Etsy and select Sync with Etsy from the list.
3. Click Get app now.
4. Follow the instructions on the screen to set up the app.

For detailed steps, please see this article: Import transactions from your Etsy shop into QuickBooks Online. 

You can also adjust your books for past transactions if you need to. For more information, you can utilize this resource: Make adjustments when you import past Etsy transactions in QuickBooks Online.

Let me know in the comment section if you have other questions about updating sold inventory from Etsy to QuickBooks. I'll be around to help you always. Stay safe!

Okay, I do have my bank accounts, and everything synced with Etsy however, when I sell something on Etsy, it does not automatically update my "products and services" inventory.  It seems I have to go in and manually update the quantities as they sell, so, my question is, do I just do an inventory quantity adjustment?

Will the And, if so, am I updating them in a "cost of goods sold" or "inventory shrinkage" category?  I'm confused.

@Pam115 

Sync with Etsy is a free app but offers only limited functionality. Consider having a paid app to better manage your inventory.

I prefer to do it manually if I had the facts on how to do it.

I can see the importance of properly tracking your inventory in QuickBooks, Pam115.

When you create a transaction, the inventory quantity will decrease automatically. If the stock remains the same even after creating a transaction, let's run some basic troubleshooting steps to isolate the issue.

There might be too much cache accumulated in your current browser. This can be the reason why your inventory doesn't match your reports. 

To check, open your account in a private window. This doesn't your browser's history and will help us isolate the issue. Simply press the following shortcut keys to open it:

•  Ctrl + Shift + N (Google Chrome).
• Ctrl + Shift + P (Firefox).
• Control + Option + P (Safari).

Once done, check again your quantity on hand. If yes, go back to your regular browser and clear its cache. If the problem still exists, use another supported browser. 

If the issue persists, contact our QBO Support Team. This way, they can check your account to trace the issue and fix it. 

Additionally, there are several financial reports you can run to track your sales income in QuickBooks. They will show you helpful insights into the things you buy and sell, and the status of your inventory.

Fill me in if you have any questions about inventory. I'll always be here to help.   

I can see the importance of properly tracking your inventory in QuickBooks, Pam115.

When you create a transaction, the inventory quantity will decrease automatically. If the stock remains the same even after creating a transaction, let's run some basic troubleshooting steps to isolate the issue.

There might be too much cache accumulated in your current browser. This can be the reason why your inventory doesn't match your reports. 

To check, open your account in a private window. This doesn't your browser's history and will help us isolate the issue. Simply press the following shortcut keys to open it:

•  Ctrl + Shift + N (Google Chrome).
• Ctrl + Shift + P (Firefox).
• Control + Option + P (Safari).

Once done, check again your quantity on hand. If yes, go back to your regular browser and clear its cache. If the problem still exists, use another supported browser. 

If the issue persists, contact our QBO Support Team. This way, they can check your account to trace the issue and fix it. 

Additionally, there are several financial reports you can run to track your sales income in QuickBooks. They will show you helpful insights into the things you buy and sell, and the status of your inventory.

Fill me in if you have any questions about inventory. I'll always be here to help.