- Etsy sellers in the U.S. and U.K. can now export their Etsy sales and expenses directly into QuickBooks Self-Employed™
Brooklyn, NY, 2016-Aug-15 — /EPR Retail News/ — Today (Aug 11, 2016) we’re excited to announce that Etsy is partnering with Intuit to offer Etsy sellers in the U.S. and the U.K. access to top-tier accounting software that will give them greater insight into their Etsy sales and expenses at a discounted price. 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.
At Etsy, we’re focused on supporting our sellers as they start, manage, and grow their creative businesses on their own terms. We know that for every hour a seller spends making her products, on average, she spends another hour on the administrative tasks associated with running her business. Accounting is one area that we’ve repeatedly heard Etsy sellers identify as challenging and time consuming—in fact, a September 2015 survey of U.S. Etsy sellers found that almost half of sellers say accounting or tax prep is a challenge for their creative business. We believe in listening to the needs of our community and in offering services that add value, so we set out to find a way to address this particular pain point and free up more time for sellers to devote to their creative endeavors.
As a company, when we identify a new opportunity to help our sellers manage and grow their creative businesses, we carefully consider the best way to bring helpful tools to life. Sometimes we decide to build a new tool or service to offer our sellers; other times we opt to partner with industry leaders to develop solutions together. We believe Intuit to be the best-in-class accounting software and, in our conversations with the Intuit team, it was clear they share our passion for supporting creative entrepreneurs.
We asked Intuit to share a few words on the partnership and Alex Chriss, Vice President and General Manager of Self-Employed Solutions said, “At Intuit, we’re on a mission to create easy to use tools that make it easier for self-employed entrepreneurs to manage their business finances. We’re proud to offer Etsy sellers a tailor-made version of QuickBooks Self-Employed that simplifies tax time, and provides clear visibility into ‘real’ income throughout the year.”
Starting today, Etsy sellers in the U.S. and U.K. will be able to seamlessly export their sales data and business expenses directly into QuickBooks Self-Employed, which will help sellers differentiate business and personal expenses, and accurately track their profits and losses in one central hub. Using QuickBooks Self-Employed, sellers will be able to easily categorize fees, profits and business expenses, import sales and expense data from other channels like Square and PayPal, and estimate their quarterly taxes. These features will provide instant insights into cash flow and capture an accurate snapshot of the financial health of their business. Etsy sellers in the U.S. will also have the option to upgrade to the QuickBooks Self-Employed Tax Bundle, which will allow sellers to pay their quarterly and year-end taxes easily online.
Interested sellers in the U.S can head here, and U.K. sellers can head here, to learn more about Etsy’s integration with QuickBooks Self-Employed, and sign up to start simplifying their finances today.
Hailey Suyumov is a Product Manager on the Seller Services team at Etsy. She works with her team to create tools for sellers to start, grow and manage their shops.
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