Artist/Maker Business 101: QuickBooks Self-Employed and Etsy
Updated: Jul 2, 2018
After years of being disorganized with my business finances, Etsy partnering with Intuit was the kick in the pants I needed to start taking my business more seriously. And I have to say, I am amazed at everything that I had been missing! QuickBooks Self-Employed makes it a breeze to find deductions that I had missed with my old terrible tracking methods.
Did you know that you can link QuickBooks Self-Employed directly to your Etsy account? Well you can! Then all of your transactions and seller fees are imported from Etsy and categorized automatically. This was a game changer for me! All the time spent trying to track fees and cancellations are a thing of the past. It also inspired me to FINALLY open a dedicated business bank account. Instead of the tedious task of having to track what is was personal- and what is business-related in one bank account, I simply linked my business bank accounts to QuickBooks Self-Employed.
Paying quarterly taxes is now a breeze for me. They are automatically calculated, and I am able to pay them via my QuickBooks account. I had been paying once a year because I was afraid of having to calculate quarterly taxes myself, which ended up with me owing the IRS more money come tax time.
The very best part of having QuickBooks is that the less time you spend on tracking sales numbers, the more time you can spend creating!
My advice for all other fellow artists and makers who are intimidated by the financial side of their business is to check out QuickBooks Self-Employed. There are lots of helpful articles on Etsy and on the web to help you get started.
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