Professional help for E-Commerce enterpreneurs

Accounting Tax Services for Etsy in Canada

Our bookkeeping and tax accounting services for Etsy sellers work to boost your online shop’s bottom line. We fully customize our services specifically for Etsy sellers to find accounting solutions. Change the way you do business and grow like never before. Expand your customer base, generate more revenue, and outsell the competition with Accountor CPA.

1 Financial Etsy Services
  • Corporate finance expertise
  • A2X, QBO & XERO experts
  • SAGE & FreshBooks gurus
2 Business expansion
  • Evaluation of goals & issues
  • Situation analysis
  • Custom solutions for business
3 Easy communication
  • Customer centered connection
  • Explaining elements in details
  • Collaborative work system

Our Vision & Mission for Etsy Services Clients

At Accountor CPA, our mission and vision for our Etsy tax accounting and bookkeeping services is simple: provide professional support, advice, and qualified services to our clients to help you achieve your business goals. Through this, we help you grow your business year on year.

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info@accountor.ca +1-416-646-2580
4580 DUFFERIN ST, SUITE 408 NORTH YORK, ON | CANADA
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The list of providing services

Software Integration and Management

We work with the industry’s most robust accounting applications, including QuickBooks and Xero, to ensure all your business needs are met. With seamless syncing and integration, you do not have to worry about errors or missed documents.

Registering for and Filing Sales Tax

You need to register for and file sales tax in the jurisdictions in which you sell your products online. Accountor CPA helps you navigate the legislation of Canadian tax law so you can stay compliant at every turn.

Financial Statements

How can you make confident business decisions without regular financial statements and analysis? We offer financial statement preparation, including cash flow analysis and income statements, for Etsy sellers so you can grow your business effectively.

Tax Prep and Planning

Selling on Etsy e-commerce comes with the responsibility of filing taxes, but there’s more to it than just filling out paperwork. Accountor CPA provides tax preparation and tax planning services so you can make sound business decisions for your company’s growth.

Bookkeeping

Managing invoices, revenue, sales, expenses, and other financial documents for an Etsy business can be complicated. We provide personalized Etsy bookkeeping services to keep you organized so you always know where your business is going.

Full Service Accounting

Cover all your monetary bases with financial statements, cash flow analysis, record-keeping, and financial planning. Whatever customized Etsy accounting services you need, Accountor CPA can help.

What Our Clients Say

I wanted to expand my American Amazon reselling business to Canada and had no idea where to start. Accountor CPA helped me register for tax numbers, file taxes, and make decisions about how to grow in the Canadian market.

Zoe / FBA Company Owner

Since signing on with Accountor CPA three years ago, we have nearly doubled our business growth year on year. With their expert advice and practical help with accounting and tax filing for our Amazon business, we have been able to grow way faster than we imagined.

Eric / Amazon Store Owner

I thought I had a good set up for my A2X and related software, but the accountants at Accountor CPA advised me to make some changes and upgrades to see if I could improve my business growth. They were right! My day to day is way smoother now and I’ve found opportunities I would have otherwise missed.

Serg / E-commerce Business

Running my Amazon reseller business has a lot of moving parts and I rely on Accountor CPA to help me stay organized. I work with them for my tax filing, bookkeeping, and accounting, and could not be happier.

Alma / Amazon Reseller Business

Whatever the size of your business, Accountor CPA provides the most cost-effective way to add highly experienced professionals to your management team.

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Get Help Registering For Tax Accounts in Canada

Take your Etsy seller business to the next level with Accountor CPA’s Etsy accounting solutions.

While Etsy is known as one of the most fun, exciting e-commerce platforms, it is still a rapidly-growing, competitive website. Etsy sellers need to stay ahead of the curve and make innovative business decisions in order to grow their business and succeed.

Accountor CPA provides professional bookkeeping and accounting for Etsy businesses in Canada, the United States, and abroad. We are dedicated to helping Etsy sellers make the most out of their business and turn a fun side hustle into a full time successful career.

We work with the best accounting software for Etsy sellers, the latest bookkeeping programs, and high quality tax preparation and filing applications to ensure your Etsy enterprise is compliant in all jurisdictions it sells in. Our team of tax accounting experts also ensures you have access to financial analysis and documents that help you make informed business decisions.

Ready to get started? Contact us for a free consultation for your Etsy firm.

Do You Need an Etsy Accountant?

When you first start out as an Etsy seller, it often does not make sense to hire an outsourced accountant or engage in much bookkeeping. However, the more you sell and create on Etsy, the more important having Etsy bookkeeping and accounting becomes.

Do you often find yourself asking the following questions?

  • Am I allowed to sell products in this country?
  • How much tax should I be charging?
  • Do I have to register my business?
  • Do I have enough inventory for the season?
  • How much should I be charging for my products?
  • When do I have to file my taxes?
  • How much have my sales increased compared to last year?
  • What’s my cash flow like this month?
  • Can I afford to do this full time?

All of these questions that come up as your Etsy seller firm grows can be easily answered by a qualified tax accountant.

In order to sell products on Etsy, it is important for you to understand your small business or SME’s legal and tax obligations. For example, if you do not charge sales tax in Canada on required products, you can find yourself facing penalties and legal action by the Canadian government. As an e-commerce seller, you are required by law to charge this tax, collect it, and then remit it to the government.

If your sales are less than 1.5 million CAD per year, you are only required to file once per year for the federal return. However, this does not cover all provinces and if you have over 1.5 million CAD in sales, you are required to file more often. This also changes if you are filing in the United States or other countries abroad.

If you have questions about how you must register for, charge, and remit sales tax for your Etsy sales, you can benefit from working with a tax accountant.

Asking yourself questions about your financial documents, financial status, and future decisions is also a good indication that you may need to work with an experienced accountant and bookkeeper. They can help you make informed business decisions about your finances, provide documents needed to secure business loans from banks or lenders, and help you attract investors to grow your enterprise.

Get Help with Etsy Bookkeeping and Tax Account Registration

When it comes to e-commerce and Etsy selling, businesses can often grow fast. As soon as you start selling items on Etsy, you should be keeping track of your business registrations and tax accounts. However, this can be much easier said than done. Where do you start? What information do you need? Where do you go to sign up? And what do you do with these numbers once you have the accounts?

It can be difficult to navigate the provincial and federal online portals, especially if you are an international Etsy seller, and it is confusing to understand what information you need in order to sign up. That’s where Accountor CPA comes in.

The team of bookkeeping and tax experts at Accountor CPA can handle all business account and tax registration in Canada for your virtual Etsy seller enterprise. We help you gather the required business documents, complete the registrations on your behalf, and provide professional support for implementing your new accounts and numbers in your Etsy store.

Furthermore, once you have satisfied legal provincial, state, or federal requirements, we help you in setting up your Etsy accounting and bookkeeping to ensure your documents are syncing, organized, and understandable.

We take the guesswork out of registering for various business accounts as an Etsy seller. Let us help you avoid headaches, errors, and confusing government systems.

Benefits of Bookkeeping and Tax Accounting for Etsy Businesses

When it is time to start using an Etsy accountant for bookkeeping, financial planning, and tax preparation, you may be tempted to handle it on your own. If you are operating a microbusiness or small business, this is often a viable solution. However, if your Etsy seller business has grown to an SME or larger corporation, there are more benefits to outsource your accounting and bookkeeping to a qualified professional.

What are the advantages of working with an Etsy accountant and bookkeeper?

  • Benefit from our experience

    We work with many Etsy sellers and know the best way to manage Etsy bookkeeping, tax prep, and accounting. Whatever your unique situation is, we can find accounting and financial solutions for you.

  • Grow your business faster

    When you have access to bookkeeping and accounting for Etsy businesses, you have access to a wealth of information and analysis that can help you cut costs and increase profits faster.

  • Stay compliant

    You do not have to worry about following federal legislation and regulation - we handle it for you so you can focus on your business without worrying about missing something important.

  • Worry-free registrations

    Not sure what accounts you have to register for? Not a problem. We handle relevant government registrations to keep you compliant, whether it is business registration, tax accounts, or for employees.

  • Better document organization

    Etsy accounting software helps you keep all important records and documents in one place so you can easily find them when you need them.

  • Document preparation

    Financial statements, tax forms, employee payroll - we can handle all your document preparation for your Etsy shop.

  • Work with the latest Etsy accounting software

    The more robust your Etsy accounting integrations are, the more power you have to grow your business and edge out the competition.

  • Always have support

    We are available seven days per week to help you and answer your questions.

What’s the Best Accounting Software for Etsy Sellers?

As a niche e-commerce site, the accounting and bookkeeping software available to integrate with Etsy is not as readily available. Luckily, there are a few industry-leading Etsy accounting software applications that link seamlessly with Etsy to provide you with a well-rounded view of your Etsy transactions:

  • QuickBooks Online
  • Xero
  • Wave
  • GoDaddy

Each of these programs are good options for accounting and bookkeeping for Etsy sellers.

Connect Etsy to QuickBooks

QuickBooks Online is one of the industry’s most popular accounting and bookkeeping programs available. Luckily, it is easy to connect QuickBooks to Etsy for your e-commerce store.

Etsy and Quickbooks work well together to provide simple, transparent overview of your Etsy sales, refunds, bank deposits, reconciliations, and more. The Sync with Etsy app through QuickBooks is the easiest way to complete the Etsy and QuickBooks consolidation. Simply follow these steps:

  • Set up your QuickBooks account with your business banking information and credit cards used for business expenses
  • Download the Sync with Etsy app to sync Etsy with QuickBooks immediately
  • Give QuickBooks permission to access your Etsy shop
  • Select the bank accounts you entered in step 1 so the app knows where to enter transactions (Note: you can import transactions as far back as January 1st of the previous calendar year)
  • Review your QuickBooks transactions to ensure no duplicate orders were recorded during import
  • Reconcile and review your Etsy QuickBooks integration and transactions each month to make sure it matches your bank and credit statements.

Etsy and Xero

Xero and Etsy also sync well together for a seamless combination of your Etsy seller transactions. You can reduce data entry errors that come with manual transaction entry when you use the automatic Xero Etsy integration.

Xero is an easy-to-use accounting software program that provides real time information from its desktop or mobile app. However, to integrate it with Etsy, you will need to use a third-party software. The team at Accountor CPA can help you navigate which third-party accounting software is best to complete this for your Etsy shop.

Wave Accounting Etsy

Wave is a client favourite when it comes to accounting software because of its easy-to-use interface and robust customization options. If you are just starting your Etsy shop or have a small inventory and small or medium sales, Wave could be the top option for your Etsy accounting.

Wave is also the only free Etsy bookkeeping and accounting application that is widely used. This makes it even more appealing to individuals with an online Etsy store that are just starting out and developing their products and audience. With Wave accounting for Etsy, you can get all the benefits of basic bookkeeping and accounting without the high price tag.

GoDaddy Bookkeeping Etsy

GoDaddy bookkeeping and accounting is a newer accounting program that evolved to help e-commerce sellers maximize their revenue and profits and expand their businesses.

If you are looking for straightforward Etsy bookkeeping and accounting, GoDaddy can be a great option. The price tag is lower than QuickBooks or Xero, without sacrificing functions. With GoDaddy bookkeeping Etsy, you have access to all your transactions and important financial records, making it easier to file taxes each year as required.

Accountor CPA’s Accounting and Bookkeeping for Etsy Sellers

The team of tax accounting professionals at Accountor CPA is dedicated to the success of your Etsy store. We offer a wide range of customizable and scalable Etsy accounting, bookkeeping, and tax services to help you stay compliant across jurisdictions, follow government regulations, and grow your business.

Some of the e-commerce services for Etsy sellers we offer include:

  • Tax number registration for all provinces and jurisdictions
  • Tax document collection and preparation
  • Tax filing according to Canadian regulations
  • Complete tax compliance
  • Managed Etsy payments
  • Payment processing for tax refunds or tax payable
  • Regular bookkeeping and record collection
  • Accounting support
  • Account reconciliation
  • Accounting and bookkeeping software recommendations and set up
  • Bookkeeping and accounting software maintenance
  • Financial statement creation and analysis
  • Audit support
  • Liaising with the CRA on your behalf when required
  • A dedicated team to provide support and answer your questions
  • Professional advice and recommendations year-round
  • Canadian tax planning
  • Financial planning

Get Help With Etsy Accounting and Integration Today

Etsy is one of the fastest-growing e-commerce marketplaces on the web. To grow your Etsy business and make effective decisions, you need strong accounting and bookkeeping specifically for Etsy sellers.

The team of tax accounting professionals at Accountor CPA work with Etsy sellers across Canada and the United States to help them register for required accounts, prepare for tax season in various jurisdictions, and produce financial statements and documents that can help them make smarter business decisions.

Let us help your Etsy shop. Let’s start with a free consultation.