Case Study: Etsy streamlines payment tracking and accounting with Synder

Etsy streamlines payments and accounting with Synder in 15-day free trial

Etsy, a global online marketplace for unique goods, sought to streamline its payment acceptance process for its vast network of sellers. The challenge was integrating various payment methods, including PayPal, into a centralized system while ensuring accurate and simplified accounting for these transactions. The vendor, Synder, provided its accounting automation software to address this need.

Synder implemented a solution that seamlessly integrated Etsy's native payment system, Etsy Payments, along with other sales channels like PayPal, into accounting platforms such as QuickBooks. This automated the tracking of sales, fees, and withheld taxes, eliminating manual data entry and reducing the risk of errors. The results included a unified financial overview for sellers, improved reconciliation accuracy, and enhanced data security through Synder's SOC 2 Type 2 certification.

Etsy