First and foremost, we’re eCommerce bookkeeping experts. We cater to eCommerce businesses specifically selling on Amazon, Shopify, Ebay, Etsy, Walmart, etc. Second, we truly care about the success of our customers and we go above and beyond to develop strong relationships with all of our customers. No customer is just a number with us. From the start, we invest the time to get to know your eCommerce business so we can handle your books properly. Then we ensure you have a strong relationship with your eCommerce Bookkeeping team and can reach them at any time with questions and concerns. Finally, we look to be proactive finding opportunities for our customers to save on expenses, capitalize on market opportunities, and grow as smart as possible. We’re all about the customer experience and work tirelessly to make sure our customers are happy with us as their bookkeeping partner.

We take the time to get to know your Etsy business, balance the books, then provide you with monthly reports. On both plans, we provide you with a monthly Profit and Loss Statement, Balance Sheet, and Cash Flow Statement. We also offer eCommerce (Amazon, Shopify, Ebay, etc.) specific product sales reports, employee payroll reports, AP & AR management, paying invoices, running payroll, yearly tax filing, and much more. If there’s a service specific to Etsy that you need that’s not on this page, simply get started and speak with us about it. 

For eCommerce businesses, sales and COGS are reported on an accrual basis. Link My Books (the tool we use to connect with eCommerce marketplaces and processors) imports all sales and COGS data under accrual basis accounting.

We don’t offer a service to accrue expenses and other accounts since that would cost significantly more time and money (and is unnecessary for most businesses).

If you are not an eCommerce business, our sister company AccountsBalance does bookkeeping on a cash basis.

We require the following for getting started: 

• Electronic transaction and expense access (i.e. access to your selling channels, banks, credit cards, etc.)
• No commingling of personal expenses
• A 100% moral business — we don’t work with businesses that aren’t moral.

We give all new clients a free month of bookkeeping.  We will do your first month free, but if your business requires Catch Up or Clean Up work, we will include that in the upfront cost. We’ll make this clear upfront when we provide you with your custom pricing quote.

EcomBalance stands out as the go-to choice for Etsy bookkeeping because we combine deep eCommerce expertise with tailored services for Etsy sellers.

• Etsy-Specific Knowledge: We know the ins-and-outs of Etsy, including fees, sales tax, and transaction nuances. You can be assured that your bookkeeping will be accurate and efficient.

• Proven Track Record: We have served 6, 7, and even 8-figure brands, where we’ve helped thousands of sellers streamline their financials and grow their businesses.

• Dedicated Support: Our team is accessible, proactive, and committed to your success, providing fast and reliable communication at every step

• Scalable Solutions: Whether you’re a small shop or a high-volume seller, we adapt our services to meet your unique needs.

Yes, we specialize in offering fully customized bookkeeping services tailored to your Etsy shop’s specific requirements.

• Flexible Reporting: Whether you need to see profit and loss statements, cash flow reports, or detailed inventory tracking every month, we adjust to fit your needs.
• Personalized Advice: We analyze all your financial data in detail for actionable insights that align with your business goals.
• Adaptable Workflows: Do you have unique processes or software? We can integrate with your current setup for a seamless experience.

We make it easy to manage your finances your way without compromising on accuracy or efficiency.

Absolutely! Tax preparation is one of our core services. We ensure your records are accurate, compliant, and tax-ready.

We handle everything from tracking sales taxes across states to organizing year-end financials. Our meticulous attention to detail ensures you’re well-prepared for tax season without the stress of last-minute surprises.

The best bookkeeping format for Etsy sellers is one that integrates seamlessly with the platform while providing detailed insights into your finances.

• Cloud-Based Software: Tools such as QuickBooks Online and Xero are excellent when working with Etsy sellers, providing real-time updates along with easy collaboration.
• Automated Integrations: Using platforms like Link My Books, we connect Etsy transactions directly to your accounting software for effortless syncing.
• Detailed Reporting: A proper bookkeeping format includes monthly profit and loss statements, balance sheets, and cash flow statements for clear financial visibility.

Our team ensures your books follow this format for maximum efficiency and clarity. 

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Dedicated Etsy accounting helps manage the unique financial complexities of selling on the platform correctly.

• Etsy Fee Management: Properly classifying and tracking fees ensures your profit margins are accurate.
• Sales Tax Compliance: Dedicated bookkeeping helps to navigate multi-state and international tax regulations without stress.
• Better Decision-Making: Clean, accurate financials will give you the insights needed to optimize pricing, inventory, and expenses.
• Time Savings: Professional Etsy bookkeeping frees you from administrative tasks, so that you can focus on growing your shop.

Investing in specialized Etsy accounting pays off in both time and profitability.

Bookkeeping templates simplify and standardize financial management, saving Etsy sellers time and effort.

• Pre-Set Categories: Templates come with predefined categories for expenses, fees, and revenue, making it easy to track your finances accurately.
• Consistency: Using templates ensures uniform data entry, reducing errors and simplifying reconciliations.
• Tax Preparation Made Easy: Well-organized templates ensure all financial data is properly categorized and ready for tax season.
• Customizable: Adjust templates to fit your specific needs, including shipping costs or inventory tracking.

When selecting an accounting service for your Etsy shop, it is essential to consider several factors.

• Etsy Expertise: A bookkeeper who understands Etsy’s fee structures, sales tax requirements, and transaction systems is essential.
• Custom Solutions: Your accounting service should adapt to your business needs, not vice versa.
• Transparent Pricing: Look for a clear, competitive pricing plan that aligns with the services’ value.
• Proactive Support: Choose a team that quickly responds and provides actionable insights to help you make informed decisions.
• Scalability: When your Etsy shop grows, so should your bookkeeping service; it should be able to adjust with increased transactions and handle all the new challenges easily.

EcomBalance ticks all these boxes, providing a comprehensive and reliable accounting solution for Etsy sellers.