Between a sale on Etsy and the amount in the bank account, there are fees, refunds, taxes and other movements.
Our job is to explain the full flow and connect it to your accounting.
Accounting for
Sell on Etsy. Leave the accounting to us.
Etsy handles customer payments, its own fees and part of the platform's VAT logic. You still need to correctly record sales, payouts, Etsy fees and the obligations that arise in Slovakia. Accquix helps Slovak creators set up Etsy accounting so that the platform's monthly reports make sense in your books.
An Etsy shop is not a classic e-commerce store.
We are the best fit for a model where you sell digital products through Etsy without your own inventory or logistics chain. For example:
- digital templates
- printable products
- graphics and design files
- digital patterns
- e-books and PDFs
- photos and illustrations
- other digital downloads
Etsy handles checkout. You still run a business in Slovakia.
For automatically delivered digital items, Etsy collects VAT from the customer and remits it to the relevant tax authority in the EU and other supported countries. The seller therefore does not add it to the listing price as they would with their own checkout. That does not mean Etsy takes care of your entire accounting.
- Etsy handles checkout, not your entire accounting.
- A payout to your bank account is not the same as gross sales.
- One Etsy payout can contain dozens of transactions.
- Sales, refunds, fees and taxes need to be linked to the bank.
- Monthly reports must match the actual flow of money.
- The Etsy Payment Account contains more than just the payout amount.
- Seller fees may be connected to a registration obligation under § 7a.
- A clean monthly process matters more than a one-off manual audit.
How we set up your Etsy workflow
We turn Etsy reports into a clean monthly accounting process.
01
Digital products
We check what you sell and how Etsy handles the sale and VAT for the customer.
02
Sales and payouts
We separate sales, refunds, fees and payouts so that they match the bank records.
03
Etsy fees and § 7a
We check Etsy's VAT settings and the obligations connected with receiving services from abroad.
04
Monthly documents
We set up the exact reports and documents we need each month.
Payout is not the whole story.
Physical products
Classic e-commerce with a warehouse, inventory and your own logistics is not our focus.
Print on demand
We assess POD individually. With services such as Prodigi, the accounting and VAT model also depends on where the product is made, where it is shipped from and who handles fulfilment.
We first review the specific model.
Only then do we confirm whether we can cover it.
What we typically need from you each month
Etsy lets you export monthly statements, sold orders, Etsy Payments sales and deposits directly from Shop Manager. We will set which Etsy exports and documents we need so that you do not have to repeat a new manual platform audit every month.
- Etsy monthly statement / CSV
- Etsy Payments sales and payout data
- order data and Etsy Payments sales
- monthly VAT invoice for seller fees
- bank statement
- business expense invoices
- information about a significant change in your product range or sales method
Is your Etsy shop already running?
You do not have to change the whole process blindly. As part of a Health Check, we can review how you record Etsy sales and fees, which documents you keep and whether there are areas that need further attention.
how Etsy sales are recorded
Etsy Payments and payouts
seller fees
VAT invoices
§ 7a
bank movements
monthly exports used and the difference between gross sales and the actual payout
Etsy exports and accounting
You do not have to re-enter Etsy manually into your accounting. The platform already contains a lot of structured financial data. Our job is to understand it, connect it properly with the bank and accounting, and turn it into a repeatable process.
- Etsy monthly statement / CSV
- sold orders
- Etsy Payments sales
- deposits / payouts
- VAT invoices for seller fees
- banking documents
You can focus on your creative work.
Our job is to correctly connect Etsy data with the bank and your accounting and turn it into a repeatable process.