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E-commerce Accounting for Etsy Entrepreneurs

The rise of the internet has created a number of fantastic opportunities for entrepreneurs who want to utilize their ingenuity and sell their original creations. Etsy.com provides an e-commerce platform where you can sell products that range from a customized guitar effects pedal board to an aquamarine ring. By utilizing this vast marketplace, you can trust Etsy to help drive traffic to any product that you list. However, one aspect of Etsy that's not provided is understanding how to accurately track your finances. That is where our experienced Etsy e-commerce accountants come into play.

Expert E-commerce Bookkeeping Assistance

As a creative entrepreneur, it may be safe to say that you are probably not excited about having to make sure that your bookkeeping is accurate. Fortunately, you don't have to worry about this important aspect of your business as our professional accountants can take care of this for you. Our e-commerce bookkeeping service provides you access to our seasoned CPAs who understand how to efficiently utilize QuickBooks Online and their e-commerce accounting expertise to help you scale your business. Streamlining your online store’s bookkeeping process allows us to break down your income and expenses and identify areas that need improvement in order to take your business to the next level.

Continuous Tax Planning Services

You may have to perform a high number of tasks to create your original product or customize a stock item. In addition, you also have to take pictures of your products, place them on the Etsy website and list them in the proper areas so that they receive traffic. Along with this, you'll also want to spend some time focusing on your e-commerce tax planning. As an Etsy e-commerce professional, you are expected to monitor filing frequencies and due dates, stay up to date with the ever-changing sales tax laws and stay current on the latest accounting systems and technologies used by those in the industry. Fortunately, our knowledgeable e-commerce tax specialists can assist you in completing this endeavor. We may be able to identify how to lower your tax liability, as well as educate clients on deductions they can take advantage of.

Why Utilize Our CFO Advisory Services

By having a CFO by your side, you'll have access to a professional who can provide you with financial strategies that can help boost the profits you receive from selling goods on Etsy. Our team of e-commerce CFO advisory CPAs can assist you with ways that may be able to help you scale and give you an unbiased opinion on the current state of your cash flow. When you need this type of professional assistance, be sure to contact our team. We will be available to answer questions and provide you with the accounting assistance you require for your Etsy e-commerce business.

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This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.