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1. #IMPORTING TRANSACTIONS INTO QUICKBOOKS VIA .IIF FILES HOW TO#
2. #IMPORTING TRANSACTIONS INTO QUICKBOOKS VIA .IIF FILES DOWNLOAD#

It enters the following types of transactions in the account: The app enters all of the transactions in your Etsy payments account in a bank account named “Etsy ” Common questions about the Sync with Etsy app

#IMPORTING TRANSACTIONS INTO QUICKBOOKS VIA .IIF FILES HOW TO#

Learn more about how to reconcile your accounts. Note: Etsy’s statements show the transactions in your payment account for that period but do not have beginning and ending balances.

#IMPORTING TRANSACTIONS INTO QUICKBOOKS VIA .IIF FILES DOWNLOAD#

You can use your bank’s monthly statements or download monthly statements from Etsy. Like other accounts in QuickBooks, you’ll want to review your “Etsy ” account each month and make sure it matches the statement from the bank you use for your Etsy payment account. Going forward: Reconcile your Etsy account and bank account This helps prevent transactions from being counted twice and your income or expenses from being overstated. When the Sync with Etsy app imports new transactions, it automatically creates transfers that match to deposits or charges to your bank or credit card account. Note: You only need to make these kinds of adjustments after the first import. If you find any, learn how you can make adjustments to your books so your accounting stays accurate. Review your QuickBooks income and expenses for any Etsy transactions that you posted before you set up the Sync with Etsy app. This may cause them to be counted twice in your accounting. If you choose to import Etsy transactions from the past in step 2, the app may add transactions that you already have in your books. Step 3: Adjust your books for past transactions if you need to We recommend you keep these items exactly as they are to ensure the app imports your Etsy transactions properly. Important: When Sync with Etsy connects to QuickBooks, it adds accounts, services, and customer and vendor names to your company. Depending on the number of transactions, it may take a few hours to finish.Īfter the first import, the app checks your Etsy payment account at least once every three hours and brings in the latest transactions. See step 3 below.Īfter you finish setup, the app begins to import your Etsy transactions into QuickBooks. You may need to make adjustments so these transactions aren’t counted twice. Note: If you choose a start date from the past, the app may import Etsy transactions that are already in your books. The app can import transactions as far back as January 1 of the previous calendar year. Select the bank accounts you set up in step 1 so the app knows where to enter transactions.Give Intuit permission to access your Etsy shop.Follow the instructions on the screen to set up the app, including these steps:.In the Search field, enter “Etsy” and select Sync with Etsy from the list.

With your accounts set up, you’re ready to connect QuickBooks to your Etsy shop: If they don’t exist in QuickBooks yet, follow the steps to add new accounts to your chart of accounts. You can check if these accounts are already in QuickBooks by going to your chart of accounts: