Case Study: Etsy simplifies Etsy sales, fees, and tax management with Synder

Etsy automates bookkeeping with Synder Sync for 2024 sales over $5,000

Etsy, a global online marketplace for handmade, vintage, and craft supplies, faced the challenge of managing complex sales tax collection and remittance across numerous jurisdictions, as well as helping its vast network of sellers handle their own income tax and bookkeeping responsibilities. To help its sellers automate this financial complexity, Etsy partnered with Synder and its accounting automation solution, Synder Sync.

Synder implemented its solution to seamlessly integrate with Etsy and Etsy Payments, automatically recording all sales data, fees, and taxes withheld by Etsy directly into the seller's accounting systems like QuickBooks Online, Xero, or Sage Intacct. This automation provided sellers with accurate, hassle-free bookkeeping, ensuring no data was missing come tax season and saving them significant time on manual financial administration.

Etsy