Etsy Announces Partnership with Quickbooks
Etsy sellers in the U.S. and U.K. can now integrate their seller accounts directly with Intuit’s Quickbooks accounting software.
Up until now, Etsy sellers have been forced to manually enter their data into Quickbooks (or their preferred accounting software). While this wasn’t necessarily a problem for sellers, it didn’t offer the fastest and most efficient method for bookkeeping. In an effort to simplify the accounting process, Etsy has announced a partnership with Intuit Quickbooks Self-Employed.
According to a 2015 survey cited by Etsy, nearly half of all U.S.-based sellers said tax preparation/accounting was their biggest challenge in running a business. The otherwise tedious and confusing task of keeping track of your income and expenses is now a little easier, thanks to the partnership between Etsy and Quickbooks.
In a press release, Etsy said it was offering the following Quickbooks services to its U.S. and U.K. sellers:
- Data integration — sellers can integrate their data directly into Quickbooks Self-Employed, offering valuable data like income, expenses, profit and more.
- Special discounts — sellers can also receive a discount for Quickbooks Self-Employed. U.S.-based sellers are given access to a special Quickbooks Self-Employed Tax Bundle, which as the name suggests, includes tools and resources for paying taxes.
“By enabling Etsy sellers in the U.S. and U.K. to seamlessly export their Etsy sales and expenses directly into QuickBooks Self-Employed, we’re thrilled to help sellers focus on their businesses, not their bookkeeping,” said Hailey Suyumov, a product manager on the Seller Services team at Etsy.
So, how much does Quickbooks Self-Employed cost for Etsy sellers? Etsy CEO Chad Dickerson revealed the cost is $5 per month for Quickbooks Self-Employed, and $12 per month for the TurboTax Bundle. There’s also a 30-day free trial available for Quickbooks Self-Employed. Most business owners and professional accountants will agree that it’s a small price to pay for the versatility of Quickbooks.
Of course, it’s important to note that Etsy’s partnership is with Quickbooks Self-Employed. There are several different types of the Quickbooks accounting software, only one of which is Self-Employed. If you want to use a different version with your Etsy business, you won’t be able to integrate your two accounts together.
For more information regarding Quickbooks Self-Employed, please visit https://quickbooks.intuit.com/self-employed/
What do you think of Etsy’s partnership with Quickbooks? Let us know in the comments section below!