In this post, I’m going to walk you through how to transition from the journal entry method of Etsy bookkeeping that I call the Etsy Bank Method to using the Sync with Etsy App for QuickBooks Online. If you'd like to watch a video tutorial of this process, click here.
Since Sync with Esty came out around February 2021, many of us had already done our January bookkeeping. So there are a few adjustments we need to make if we’re going to make the switch to Sync with Etsy as of 1/1/21. By choosing a 1/1/21 start date for Sync with Etsy we keep the bookkeeping method for the entire year consistent, however we need to make sure that the January bookkeeping we have already done does not create duplicate information in QuickBooks.
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