7 Best Accounting Software For Etsy Sellers (2024)

Etsy is one of the most popular online marketplaces selling handmade and artisan crafts. This site has numerous home-based merchants and niche marketplaces, giving it the impression of a community market.
As of 2020, there were more than 4.3 million sales with over 39.4 million buyers, and the total Esty sellers’ revenue was up to $10.28 billion. This shows you how much business is going on Etsy and that you should be at your best in managing your Etsy store and sales.
Many Etsy sellers have already transformed their formerly small businesses into full-time occupations. However, being at the top of your game on Etsy takes a lot of effort, including accounting for your income, expenses, tax, etc.

Trending Accounting Solutions

While many accounting tools are available to Etsy sellers, which could help you manage your Esty store and arrange your accounting, only a few are fit for Etsy.

To help you make a rational and informed decision in selecting the best accounting software for Etsy sellers, we have researched and compiled this list of the best options that will manage and automate your Etsy finances and store them effortlessly without so much hassle. Let’s take a look!

The Top Best 6 Accounting Software for Etsy Sellers

If you want to automate the Etsy store management process and keep good financial accounting, you should try out the top six accounting software.

Brand	Starting price	Best for
1. FreshBooks	$17 – $55 per month	All-in-one solution
2. Zoho Books	$10- $200 per month	Customer support
3. Sage	€12 – €27 per month	Simplicity
4. Xero	$20 – $40 per month	Accessibility
5. GoDaddy Bookkeeping	$4.99 – $14.99 per month	Finance solution
6. Wave	Free	Cost-free
7. Craftybase	$24 – $119 per month	Handmade craft

---

1. FreshBooks – Best Easy All-In-One Solution for Etsy Sellers

FreshBooks provides an easy all-in-one accounting and billing solution for any size business. Its growing number of app integrations and intuitive software makes it an excellent choice for microbusinesses and the self-employed. Etsy sellers now have the option to integrate the Etsy platform directly with their FreshBooks account.

It provides extra information by classifying tabs and improves profitability with Double-Entry Accounting tools. Its tabs include profit and loss, chart of accounts, balance sheet, sales tax summary, and balance sheet.

FreshBooks’s Etsy integration sets it apart from the crowd and won’t cost you an arm and a leg. Staying organized, keeping track of instalment payments due and expenses incurred, sending invoices, and accepting payments are accessible with the software.

Pricing

FreshBooks offers prospective users a free trial and 60% off for the first six months. There are three tiered plans and a custom plan for enormous organizations. As an Etsy seller, you would most likely benefit from FreshBooks’s Lite plan.

• The Lite plan includes five billable clients for $17.00 or $6.80 monthly with a six-month promotion.
• The Plus plan includes fifty billable clients for $30.00 or $12.0 per month with the six-month promotion.
• The Premium plan includes unlimited billable clients for $55.00 or $22 per month with the six-month promotion.

FreshBooks makes it easy to upgrade your existing plan seamlessly at any time to fit the needs of your growing business.

Highlights and Hidden Gems:

• Billing and payments are all in one place.
• Easily set up automatic payment reminders for you and your clients or vendors.
• Create professional invoices for your businesses that work with your Etsy platform.
• Access business health and financial reports.
• Optimize the experience for your clients through estimates, proposals, projects, time tracking, and account statements.
• Instead of clicking on another screen, you can enter the expense directly from the Expenses tab.
• Makes easy to invoice, taking only a few seconds to generate professional invoices.

Disadvantages and Limitations:

• A little bit expensive if you don’t use all its features.
• Items are randomly categorized rather than specific.
• The mobile app shows some technical bugs.
• System crashing and loss of information occur.
• Lack of automatic enumeration.
• Limitations of users and billable clients.

Why do We recommend FreshBooks as one of the Best Accounting Software for Your Etsy Store?

FreshBooks provides an easy-to-use interface that helps automate accounting and reporting for your business. Its app integrations save you time, so you can focus on developing meaningful customer relationships. FreshBooks provides an extensive library of features for a reasonable price.

Also Read: 10 Best Accounting Software For Resellers (2023)

2. Zoho – Top Customer Support for Esty Sellers

This accounting software helps you run your Etsy business with the idea of scaling your business. Whether CRM, HR, management, finance, or marketing, Zoho covers you. With great features and user-friendliness, Zoho provides an excellent experience, which has earned it its place in our list of the best accounting software for Etsy Sellers.

Zoho accounting is an innovative online solution that can streamline back-office affairs, automate business plans, and improve secure collaboration between businesses and accountants. All companies, including small and large enterprises, can utilize this software, including marketing and consulting firms.

Pricing

Zoho pricing includes five plans, a standard plan, a professional plan, a premium plan, an enterprise plan, and the ultimate plan.

• A free trial is available.
• Standard has $10 per month billed annually or $12 billed monthly.
• Professional has $20 per month billed annually or $24 billed monthly.
• The Premium has $30 per month billed annually or $36 billed monthly.
• The Elite has $100 per month billed annually or $129 billed monthly.
• The Ultimate has $200 per month billed annually or $249 billed monthly.

The enterprise plan is for large businesses based on custom negotiation with Zoho.

We recommend the basic plan for Etsy sellers as this is cost-effective while still providing outstanding service to you.

Highlights and Hidden Gems:

• Zoho books automate your subscription billing.
• It enables your payments to come on time by facilitating multiple payment methods.
• Zoho books help you stay up to date on your finances.
• It integrates your accounting, CRM, and HR.
• It enables collaboration between you, your employees, and your customers.
• It also allows you to customize your invoices before sending them.
• Zoho helps customize your products too.
• It has top-notch reports and minimizes data loss.

Disadvantages and Limitations:

• Frustrating payment plans and a limited number of contacts.
• Automatic matching needs to be better.
• No overall Payroll services are available.
• Weak documentation and lack of support.
• Users’ restrictions are based on your pricing plans.
• Payment plans are a bit confusing and frustrating.

Why do We recommend Zoho books as one of the best accounting software for Etsy Sellers?

We highly recommend Zoho Books for small and growing businesses like Etsy sellers because of their security and professionalism. Zoho is a cloud-based software customer relationship that allows you to easily manage your sales, marketing, contacts, customers, and finances.

What’s more? With Zoho, you are assured of broad customer support, especially if you are a minor, sole trader, or medium-sized business.

Also Read: 5 Best Accounting Software For eBay Sellers (2023)

3. Sage– Best Accounting Software for Simplicity

Sage is software designed specifically for entrepreneurs and small businesses like Etsy sellers. Sage services facilitate correct, timely payment via online banking, pay cards, or business-generated checks. The software has powerful features that streamline Etsy sellers’ accounting functions for maximum quality and effectiveness.

Sage business clouds include accounting, finance, and payroll that assist organizations in improving their trading and business. Bookkeeping mistakes are also avoided with the use of Sage. It works closely with HMRC to guarantee that the tax return software complies with the most recent laws, including Making Tax Digital.

Pricing

Sage accounting pricing plan includes:

• Offers a free trial.
• Accounting start plan goes for $9-$10 per month.
• Accounting plan goes for $7.50 per month.

You can avail of 70% off for six months.

Highlights and Hidden Gems:

• Customer data are syncing.
• Cash flow statement.
• Advanced inventory management.
• Order automation.
• Generate invoices and automatically process payments.
• Calculate and create VAT Returns
• Maintain digital tax records
• Run advanced reports

Sage assists with cash flow management, administrative removal, and preparation of tax submissions. It is a feature-rich and adaptable accounting program for day trading tax management.

Disadvantages and Limitations:

• Complicated and confusing features.
• A technical and Sage expert is needed to set up initially.
• Time-consuming and difficult to understand.
• Staff training and expertise are mandatory to use Sage properly.
• Lack of proper documentation and poor customer support.

Why Do We Recommend Sage as One of the Best Accounting Software for Etsy Sellers??

Sage provides a simple interface with unique features that helps in your business’s automation and proper management. It offers advanced inventory management, making it an excellent option for businesses. It is highly recommended for small businesses, especially Etsy sellers.

4. Wave – Best Free-cost Accounting Software for Etsy Sellers

This accounting software is designed specifically for entrepreneurs and small businesses, such as Etsy sellers, which comprises everything essential to run your business finance. Wave is a clear-cut software that helps you understand, manage and process your receipts and payments.

With its user-friendly dashboard, organizations can access invoicing, banking, trading, payments, payroll, and accounting, and it also provides expert consultations. Wave allows you to do more advanced accounting activities such as recording income/expense, tracking, sending invoices, etc.

Are you looking for free accounting software to help you manage your Etsy sales and store stock? Wave is undoubtedly the right option for you. It merits being on this list!

Pricing

Wave Accounting software is free of any cost.

Invoicing, Banking, and Accounting are 100% free, while you have to pay for the following features.

• Payroll: $40 per month
• Payments: 2.9% + $0.60 per transaction and 3.4% + $0.60 per AMEX transaction.
• Advisors: Bookkeeping support costs $149 monthly and $379 monthly for accounting and payroll coaching.

Overall, Wave Accounting is the best option for Etsy sellers to handle their accounting requirements without spending a penny on software that charges a lot monthly.

Highlights and Hidden Gems:

• Wave is free accounting software.
• It facilitates automatic, safe, and secured credit card payments for all your transactions.
• Wave helps you boost your recurring invoices with fastness and flexibility.
• It provides you with lots of invoicing templates to choose from.
• It is an excellent alternative to QuickBooks, which is accessible without any cost.
• It has an interface that is user-friendly with clear and easy-to-understand plug-ins.

Disadvantages and Limitations:

• Slow payment speed needs significant improvement.
• Lack of proper customer service.
• Charges per transaction are expensive.
• Management of accounts is complex.
• Whenever updates come, it changes the entire interface.

Why do We recommend Wave as one of the best accounting software for Etsy Sellers?

We recommend Wave Accounting as it has no cost, and this makes it best as it makes it open for both small and large Etsy sellers and store owners to manage and handle their accounting without worrying about the cost.

In addition, you can access your Wave account anywhere and anytime.

Also Read: 5 Best Reseller Hosting

5. Craftybase – Best Store Accounting Software for Etsy Sellers

Craftybase is a top management software designed specifically for handmade craft sellers. In place of spreadsheets, it uses real-time inventory and cost of goods sold to track expenses and sales.

Craftybase provides seamless integration with Etsy, Shopify, Square, Paypal, woo commerce, and Amazon. It is excellent software for a small or independent business owner or seller. It constantly monitors and calculates up-to-minute pricing and Etsy fees and commissions.

Craftybase is an accurate and up-to-date software that provides inventory and materials everywhere you sell. It is software made by makers for the makers. It allows you to grow your bottom line by tracking all expenses.

Pricing

Craftybase pricing plans include;

• The Pro plan goes for $24 monthly.
• The Studio plan is $39 monthly.
• The Indie plan is $79 monthly.
• The Business plan is $119 monthly.

The Craftybase accounting software offers a 14 days trial period too.

We recommend the pro monthly plan for Etsy sellers as this plan is the most suitable deal for your money.

Highlights and Hidden Gems:

• Craftybase provides pricing guidance for your businesses.
• You will get seamless integrations with E-commerce platforms.
• It provides full traceability for all of your transactions.
• It facilitates good product and order management for your Etsy store.
• Craftybase tracks your expenses for you everywhere in real-time.
• It offers online storage and tracking of data of sales for you.
• There is instant profitability guidance available to you.
• Craftybase has the most potent stocktaking and recording capability for Etsy.

Disadvantages and Limitations:

• Some things stuck very poorly and needed to function accordingly.
• Some bugs are frustrating and take time to remove.
• Delayed but good customer support response.
• Sometimes in entry mode, the focus is required to be recovered.
• Setting up Craftybase is difficult initially.
• The plans are pricey.

Why do We recommend Craftybase as one of the best accounting software for Etsy Sellers?

Craftybase is a robust inventory management software. We recommend it for its fantastic pricing guideline and inventory management. It will immensely help you as an Etsy seller for its user-friendliness or management process and its store and financial management capability. Hence, it is highly recommended for small businesses, especially Etsy sellers.

Also Read: 7 Best Accounting Software for Amazon FBA Sellers (2023)

6. Xero – User-friendly Accounting Software for Etsy Sellers

Xero is a fast, simple, but powerful accounting software you can use to keep everything in one place in your Etsy-selling business. It is one of the best accounting software for Etsy sellers.

From our research, it is the right option for you if you wish to customize your accounting software to suit your needs, whether you are an individual, a growing business, or an established one in the Etsy art marketplace.

Xero has become popular because it offers remarkable features and makes accounting activities easy. Xero is a user-friendly software that helps accountants and bookkeepers to manage their bank connections, pay bills, claim expenses, accept payments, and track projects anytime and anywhere. It makes banking and crypto accounting easier.

Pricing

Besides paying Xero’s prices, you also have to pay for add-ons. Xero’s three plans are;

• Offers free trial.
• The Starter plan starts at $25 per month. 
• The Standard plan starts at $40 per month.
• The Premium plan starts at $54 per month.

We recommend the standard plan to Etsy sellers as its features fit the business. It is also great value for your money.

Highlights and Hidden Gems:

• Xero grants you on-time tracking and payments.
• With Xero, you have access to online income.
• It facilitates and tracks projects.
• It incorporates gusto payroll.
• You can easily capture and scan documents and convert them to digital ones.
• Provides an online filing system for you.
• You can easily track and report on your finances with Xero.
• It enables multiple currency accounting.
• With Xero, you can create and send purchase orders.
• It automates the calculation of sales tax.

Disadvantages and Limitations:

• Constantly changing reports.
• Technical issues and random bugs.
• Duplication of contacts and information.
• Lack of delivery notes and packing slips.
• Removing/deleting transactions is difficult.
• Lack of built-in Debator Chasing function.
• Disconnection of bank feeds without any reason.

Why do We recommend Esty as one of the best accounting software for Etsy Sellers?

We highly recommend Xero as one of the best accounting software for Etsy sellers. Double-entry accounting software makes it easy for you to assess from anywhere, providing fast transactions and accounting processing accuracy and security with 24/7 online support. Xero makes your accounting processes simplified, and it is also widely loved by Esty sellers for its user-friendly interface.

7. GoDaddy Bookkeeping – Overall Best Accounting Software for Etsy Sellers

From our extensive research, GoDaddy accounting software is also one of the best accounting software for Etsy sellers. It is built for small businesses such as online sellers and self-employed individuals. It is integrated with major e-commerce platforms, making it great for you if you sell on Etsy.

GoDaddy accounting provides an easy way to initiate a business and gives a better opportunity to new entrepreneurs. It protects your data and customers and helps you to build your success. It is fast, secure, and always online.

What’s more? It is highly affordable.

Pricing

GoDaddy software comes in three different pricing plans, the get-paid plan, the essentials plan, and the premium plan.

• The Get-paid plan comes at $4.99 a month.
• The Essentials plan comes at $9.99 a month.
• The Premium plan is $14.99 a month.

As all the plans are reasonable, we highly recommend getting paid plans for Etsy sellers. With this plan, you get very cheap software with excellent service.

Highlights and Hidden Gems:

• GoDaddy offers you a good dashboard and standard user interface.
• It provides you with a real-time tracking service for your transactions.
• It helps you calculate your taxes quarterly.
• With GoDaddy, you have a simple but efficient time series
• It facilitates and creates basic financial reports for you
• It is a flexible accounting software that allows you to make custom estimates and invoices.
• Godaddy provides online payment solutions which are fast and secure.

Disadvantages and Limitations:

• It didn’t offer a store credit and is very limited.
• Take time to show bank account balances and transactions.
• Sometimes reflect a different balance than the actual.
• It’s all about organizing your accounts rather than forecasting.
• UI design needs to be updated, but it is easy to use.

Why do We recommend GoDaddy Bookkeeping as the Best Accounting Software for Your Etsy Store?

GoDaddy grants you access anytime and anywhere with faster payment processes and channels. We recommend it because it offers an all-in-one feature, including tax accounting for your Etsy store sales. With GoDaddy, you won’t need to worry about your taxes. It also handles that with just a few clicks. Isn’t that sweet?

Also Read: ECommerce Accounting Software

---

Final Thoughts

Even though there are a ton of accounting software for online stores, marketplaces, and e-commerce, there are just a few that offer Integration with Etsy and could help you manage your Etsy store and give you high-end performance accounting and bookkeeping.
To make it hassle-free, we have listed the top six accounting software for Etsy Sellers in this post. Starting from the GoDaddy bookkeeping – the overall best to Zoho books, with its excellent customer service, we list their plans, prices, and the best plan for you as an Etsy store owner and seller.
However, as the last tip, we urge you to consider the best in this list that fits your ideally when selecting from them. You should consider the software cost and plan, the features, and what you need most for your Etsy store accounting and management. However, while only a few integrate tax calculation with Etsy, you should consider this too.
Whatever plan and software you select from this list of the best accounting software for Etsy Sellers, customize it to optimize your management while your stay focused on making more Etsy sales.

Read More

• Accounting Software For Investors
• Accounting Software For Musicians
• Accounting Software For Bloggers
• Best Accounting Software for a Holding Company 

RELATED: Top Accounting Desktop Software | Accounting Tools Best In India | Top Carpenter Accounting Software