Sources: Statista (1), Statista (2).
Etsy sellers have a lot to account for in their books.
Aside from the standard ecommerce business costs like fees, fulfillment, apps, and software, Etsy sellers in particular need to keep a shrewd eye on their costs of goods sold.
All the materials that go into their lovingly hand-crafted pieces add up.
And that’s before we get into sales tax and the complex obligations of sellers both within and outside of the US.
We have created this Etsy series within our Ecommerce Accounting Hub to help you get set up for success.
Everything you need to know to get started or get back on track with your Etsy accounting is right here.