Etsy Accounting Software
Make your Etsy accounting easier using Craftybase
Craftybase handles your tedious and time consuming Etsy accounting tasks, tracking your revenue, expenses and COGS so you can spend more time making — and making money.
Loved by the world’s most successful handmade makers, including…
Pricing Guidance
Confidently set prices for your products based on your exact current costs of production. Simply list the materials and amounts you use to produce your products and Craftybase will constantly monitor and calculate up-to-the-minute recommended pricing and your estimated profit margins, including Etsy fees and commissions. Create pricing tiers and price points for retail, wholesale, consignment and Etsy and configure unique markups for each.
Craftybase helped us make sure we were accounting for everything in our prices, and helped us quickly test what would happen if we changed suppliers to upgrade some of our materials.
Cost of Goods Sold (COGS)
Most bookkeeping software simply isn't designed for the complexities of an Etsy store: your costs of goods sold (COGS) needs to be much more than just a guestimated number posted to a ledger every year. Craftybase calculates accurate, fully auditable COGS based on your manufacture and material cost history, and compiles a Schedule C Report instantly with the numbers you need. Your complete manufacturing history, including internal labor costs are fully tracked so that you can see exactly how much it costs you to make your products.
Having a business that manufactures products with countless raw materials, Craftybase keeps us organized and helps us have a clear picture of the health of our business.
Product & Order Management
Our powerful inventory adjustments capabilities can handle any stock change including cancellations, damage and stock loss situations. Automatically import your orders and products from sales channels, and see detailed profit breakdowns for orders that include your material costs and incurred expenses.
Craftybase has helped track my customer orders, how much they cost and how much they cost me to make them, keeping me on top of my orders which is so important to my little business.
Expense Tracking
All expenses can be tracked in Craftybase - use our predefined tax categories or create your own, it's up to you! Use our Etsy integration to import your fees and charges and associate these directly with your listings, orders and products. Your material inventory calculations for COGS are automatically calculated from your expense history, using your exact landed costs. Expenses can also be optionally associated with your products and orders, allowing you to track your exact profit margins for everything you sell.
Being able to categorize expenses and see where each project is costing me has helped me to understand my business and pinpoint areas of high value or expense.
Automated inventory management
Keep sortable, fully searchable product and material lists - available online, whereever you are. Import directly from Etsy instantly via our sales channel integrations, or manually import via spreadsheet. Maintain full purchase histories for everything you buy and let Craftybase do the hard work to calculate your exact current inventory value. Create recipes for commonly used combinations of materials, with associated recommended pricing guidance and detailed profit margin calculations. Track the hidden costs of making sub-assemblies using components. Our powerful and flexible unit of measurement tools allows you to convert purchased amounts into trackable units instantly.
Being able to easily add and subtract materials from my master inventory based on daily sales is invaluable in keeping organized & proactive. Managing inventory was a painful, manual, and inaccurate process before I discovered Craftybase.
Powerful reporting
Our range of powerful reports and dashboard features provide you with both nitty gritty and high level details you need to be on top of your business. You'll find an array of traditional, bookkeeper-friendly reports, such as Profit & Loss, Sales and Expenditure and our popular Schedule C guidance. Along with this comes a huge range of reports and graphs specific to small batch handmade business such as COGS breakdowns, inventory valuations and manufacture activity summaries. Our instant profitability guidance feature allows you to see a full breakdown of the costs and profit margins on all of your products or orders.
Craftybase, overall, has helped me streamline my inventory expenses, keep consistent unit costs and allowed me to see through the Reports section, my business grow each year.
How Craftybase helps Etsy Sellers
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Everything in one place
- Your sales, stock and financial data are all in the one place and accessible from any internet enabled device (our industry standard backups ensure your data is extremely safe).
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Daily Imports from Etsy Handmade
- Stop manually copying over numbers from Etsy screens to spreadsheets - there is a now an easier and better way! We automatically import of all your Etsy products and orders each night ready for the start of your day.
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Pricing Guidance
- Know exactly how much it costs to produce your Etsy products - our pricing guidance feature means you'll always be on top of your margins and profits.
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Cost of Goods Sold (COGS)
- Track your cost of goods sold in real time using the data you enter. We'll even generate the numbers you need for your Schedule C at the touch of a button.
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Reports & Charts
- Keep your finger on the pulse and know how well your Etsy store is doing, with our extensive and detailed reports. Charts and graphs show you your vital stats in an easy to understand way.
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Low Stock Alerts
- Track your exact material and product stock levels, so you know exactly when you need to order more supplies or make more product to list on Etsy. Don't run out of stock ever again and keep those sales rolling in!
Craftybase helped us make sure we were accounting for everything in our prices, and helped us quickly test what would happen if we changed suppliers to upgrade some of our materials.
Frequently asked questions
Can’t find the answer you’re looking for? Reach out to our customer support team.
- What is Craftybase?
- Craftybase is a powerful bookkeeping application designed specifically with the needs of small manufacturers in mind. We are unique in that we track both your material and product stock levels, allowing you to keep real time tabs on your inventory levels - you'll never run low on supplies or product again. Using our powerful inventory and COGS calculations, allowing you to instantly generate accountant ready reports for tax time with confidence. With daily automatic importing from your Etsy store, your battles with spreadsheets have finally come to an end! Read on below to see how we can help you take your Etsy Handmade business to the next level.
- Does Etsy do accounting?
- While Etsy has a range of reports and views that can be used to see some aspects of your accounting situation, it does not provide the level of accounting data you need as an Etsy seller. Craftybase imports your Etsy data on a daily basis, tallying the numbers you need to make better financial decisions and make tax time a breeze.
- Do you need an accountant for Etsy?
- While it's not a legal requirement to have an accountant for your Etsy store, it can be a good idea to engage someone to help you with your financials on at least a yearly basis. Using Craftybase accounting software during the year will tally the numbers you need to take to your financial adviser, giving them the data they need to do your filings quickly and easily.
- What is CVS on Etsy?
- CSV files are the format for most data you'll download from Etsy. Many accountants and bookkeepers will ask you for CSV downloads of your data in order to prepare your financial and tax filings. The good news is, Craftybase imports your data directly from Etsy's servers, meaning you no longer need to locate and download this data.