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T
Trindleberry Pets
April 16, 2025
Question

Etsy Sellers & Payments & Deposits Manage

  • April 16, 2025
  • 2 replies
  • 0 views

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 ? 

2 replies

T
Trindleberry PetsAuthor
April 16, 2025

image of all sales section 

T
Trindleberry PetsAuthor
April 16, 2025

image of "deposits"  ( if they are added to my rule ) they then add on that value to my sales, even though the sales have been listed already 

M
MoiraskyeT
April 16, 2025

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:

 

  1. Access your QuickBooks Online account(QBO).
  2. Go to Transactions and then select App Transactions.
  3. Navigate to the For Review tab.
  4. Carefully match the transactions accordingly.

 

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.

T
Trindleberry PetsAuthor
April 16, 2025

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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