cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

Hello, what's the best and easiest way to record payments and charges from an Etsy account?? Thx!!

 
3 Comments
Highlighted
QuickBooks Team

Hello, what's the best and easiest way to record payments and charges from an Etsy account?? Thx!!

Hi there, @jackkelly0626.

 

You can record payments in QuickBooks to help keep track of your payments from Etsy. Here's how:

 

  1. Navigate to the Customers tab and click Receive Payment.
  2. In the Received From the drop-down, choose the customer's name.
  3. Enter the Amount Received, make sure the date is correct, and select a payment method.
  4. Pick an Invoice to pay and then hit Save and Close.

 

That's all there is to it. As for the charges, you can set the fees up as a service and add them to Invoices that you make for your customer's purchases. If you're not sure what account to classify the service, you can ask your accountant. They'll be able to help determine what account would be best for the fees.

 

I'm only a post away if you have any other questions. Have a great weekend!

Highlighted
Level 1

Hello, what's the best and easiest way to record payments and charges from an Etsy account?? Thx!!

Hello, to be honest the reply that I received didn't solve my problem. I probably didn't pose the question clearly. To answer my question I think one would have to totally familiar w/ ETSY.com. Since I first asked the question I've learned a great about etsy. Basically what I've done is set up a virtual bank account for all etsy activity. From there I expense and clear payments as needed. This process is still evolving..

Thx for your interest. If you may have an easier solution or other ideas I happy to hear them..

Stay well!!

Highlighted
Moderator

Hello, what's the best and easiest way to record payments and charges from an Etsy account?? Thx!!

Thanks for coming back and checking this with us, jackkelly0626.

 

Another way to record the payments is to Make Deposit. Make sure to enter the amount for bank charges as negative 

 

 

Here's what you'll need to do:

 

  1. Go to the Banking menu and select Make Deposits.
  2. In the Payments to Deposit window, select the payments you want to combine.
  3. On the next line, enter the account for bank charges and the amount as negative.
  4. Click Save & Close.

We have an available guide on how to record bank deposits in QuickBooks Desktop: Record and make Bank Deposits in QuickBooks Desktop.

 

Let me know if you have follow-up questions. I'm always around to help. Have a wonderful day ahead.

Need to get in touch?

Contact us