Award-Winning Bookkeeping for Etsy Sellers Toronto
Let us take the stress out of managing your books. We keep your books in order so you can focus on what you love- Crafting & Selling.
Less Stress, Save Money. Etsy Sellers Bookkeeping is Set Up, Integrated, & Managed for You in Toronto.
Reclaim Your Creative Time
The average Etsy seller spends 12-15 hours alone on bookkeeping. Get back the time you need to earn more or spend on crafting.
Real-Time Financial Insights
Our up-to-date and accurate financial report gives real-time insights into your Etsy Store performance.
CRA Compliance, Guaranteed
No need to worry about following tax regulations - we handle them to let you focus on business without worrying about missing important things.
Goodbye to Financial Stress
Experience peace of mind, having your finances in competent hands, reducing the stress and complexity of bookkeeping.
Cloud Bookkeeping Services for Etsy Sellers in Toronto
Our fully customized bookkeeping solutions for Etsy sellers in Toronto work to boost your online shop’s bottom line. Our bookkeeping services for creators and makers include:
Cloud-based Automated Bookkeeping
- Integrate QBO, A2X, & XERO with Etsy Shop Manager.
- Bookkeeping cleanup & catchup.
- Real-time reports to get updates on the shop’s performance.
- Monthly, quarterly, and annual reports.
Revenue Management
- Recording & categorizing sales transactions.
- Monitoring sales from Etsy (track listings & sales).
- Monthly trends analysis to spot best-selling items.
- Data-driven holistic reports to enhance shop performance.
Expense Management
- Tracking expenses (shipping costs, Etsy fees, & material purchases)
- Recording & categorizing expenses specific to Etsy operations.
- Expense Receipt Tracking to ensure deductions.
Inventory Management
- Tracking crafting materials & finished products.
- Optimize inventory turnover to prevent stockouts & overstock.
- Tracking unsold inventory & returned items to minimize losses.
- Cost of Goods Sold (COGS) Calculation for precise profit tracking.
Monthly Reconciliations
- Reconcile payments from PayPal, Stripe, Moneris & many more.
- Ensure accuracy through monthly reconciliation.
- Match your books with your bank accurately.
Tax Preparation and Filing
- Accurate & timely GST/HST filing services.
- File a personal tax return considering Etsy income.
- Audit support & representation with the CRA
- Expert advice to navigate tax laws for Etsy sellers.
AR & AP Management
- Log all deposits from Etsy sales.
- Collect revenue early and pay suppliers on time.
- Record & track purchase invoices for materials & supplies.
Payroll Accounting
- One-stop payroll services cover compensation to compliance.
- Ensure timely payment of employees, if applicable.
- Filing required tax forms (T4, T4A slips) annually.
Financial Reporting, Analysis, & Planning
- Prepare Notice-to-reader financial statements.
- Provide strategies to optimize your cash flow.
- Analyze financial data for cost-saving & profit maximization.
- CPA-prepared forecasts and budgets.
Trusted By Toronto’s Up & Coming Etsy Sellers
As business accounting & bookkeeping experts, we proudly help Toronto’s Esty Sellers reclaim their time for creative tasks, grow their Etsy Store, and see actual financial returns.
See How Our Etsy Seller Bookkeepers Have Helped Businesses Like Yours.
With our personalized bookkeeping services, your Etsy bookkeeping is Taken Care Of, Sales Tracked, Expenses Classified, and Time Saved.
Watch our clients share their experiences growing their Etsy Store from our Etsy seller bookkeeping services.
We’re Just a Call Away.
We’re your #1 Etsy Bookkeeping partner. Always available & ready to support you.
Your Questions, Our Expertise.
We provide simple solutions to your complex problems. Our approachable team is here to hold your hand.
Time-Conscious & Dependable.
Creators’ time matters to us. We always stick to deadlines and pride ourselves on never being late.
Why Our Etsy Sellers Love SAL Accounting.
Only Pay When you are 100% Satisfied with our Etsy Bookkeeping Service.
Money-Back Guarantee
We believe you should only pay if you’re satisfied with our services. And we’ll work hard to keep the commitment.
CRA Audits Protection
With proactive & accurate bookkeeping, we try to avoid CRA audits. If audited, we’ll handle your CRA audit for free.
Know What You’re Getting
Enjoy upfront, transparent pricing so you know precisely what to expect.
Why Choose SAL Accounting as Your Etsy Seller Accounting Partner in Toronto?
The Number #1 Bookkeeping for Etsy Sellers and Retailers in Toronto.
Our Accountants acknowledge the vibrant Etsy community and creative entrepreneurs’ unique financial needs. That is why we tailored our bookkeeping services to cater to various industries within the Etsy marketplace. We proudly serve:
Handcrafted Goods’s Sellers
Whether you work in ceramics, woodworking, or jewelry, we know how difficult it can be to keep track of inventory, production costs, and resources. We will handle everything, including record keeping, expense classification, inventory tracking, and financial statement preparation.
Art and Design Sellers
Accurate bookkeeping is fundamental for artists and designers who sell original prints, paintings, or digital artwork. We assist you in handling royalties, print-on-demand services, and foreign sales to ensure your creative venture prospers.
Apparel and Accessories Sellers
We help track stocks, manage refunds, and negotiate the challenges of overseas shipping for everything from vintage fashion to handcrafted apparel and personalized accessories. We tailored our Etsy bookkeeping services to maintain the smooth operation of your stylish brand.
Home Décor Sellers
Growing your Etsy Home Décor Store can slow down due to inefficient bookkeeping. Worry not! We will handle bookkeeping, from managing production expenses to handling shipping hassles. We offer real-time financial insight and analysis of sales trends to categorize the best-selling items and forecast market demands and design trends.
Vintage Sellers
The hurdles of curating and marketing historic objects are unique. To ensure that your vintage business stays profitable, we offer bookkeeping services that assist you in managing different sales channels, tracking inventory, and precisely accounting for purchases and profits.
Retailers of Craft Supplies
Selling craft supplies, DIY kits, and other creative items requires rigorous cost and inventory control. We ensure your records are correct and current so you can focus on serving customers with our retail bookkeeping services.
A Friendly Message from Our CPA
Greetings! As the founder of SAL Accounting, I understand how managing your Etsy shop’s finances can be overwhelming. My team and I specialize in streamlining your bookkeeping, analyzing trends, and ensuring you never run out of stock. We understand creators and makers want to spend their time on what they love. And that is why we are here to support your growth while you concentrate on your creations.
M. SALMAN
Partner with Award-Winning Esty Seller Bookkeepers in Toronto
M.SALMAN, CPA
Alex Hart
Sarah Zeyneb
Jazz Thind
FAQs: Bookkeeper for Toronto Esty Sellers
What is bookkeeping?
Bookkeeping is the process of recording and classifying all financial transactions made by the business. It includes recording sales transactions, expenses incurred by business, inventory purchases, bill payments, and more. Later, these recorded transactions became the foundation for preparing financial statements.
Do I need a specialized bookkeeper for my Etsy shop?
Managing your Etsy bookkeeping takes time, and you are prone to many errors due to unfamiliarity with accounting guidelines. Moreover, an accountant can go beyond bookkeeping by providing insights and guidance to grow your business. Relying on the expert can be a good investment. We offer affordable bookkeeping for Etsy sellers in Toronto.
How does Etsy bookkeeping differ from traditional bookkeeping?
Esty bookkeeping requires understanding marketplace-specific expenses such as entry fees, shipping costs, inventory management, and HST collections, as well as filing and integrating accounting tools like QuickBooks or Xero with your Etsy Shop Manager.
What bookkeeping tasks will you manage for my Etsy business?
We will manage everything from recording transactions to inventory management, reconciling bank accounts, HST or HST filing, and balance sheet preparation.
These will ensure optimized inventory management, your bank account is maintained accurately, and only paying the minimum sales tax is needed. An accurate balance sheet will also be required, which you can use to apply for loans and investments.
I’m behind on my bookkeeping. Is that a problem??
Not at all! We also offer catchup and cleanup bookkeeping services. Our accounting will work with your existing accountants or with you in case you do not have an accountant to transfer everything to our cloud bookkeeping.
How do you handle inventory management?
Our inventory management services go beyond simply tracking inventory levels in real time. We track stock levels and craft materials in real-time, ensure optimum inventory turnover, determine how much inventory is worth, and determine the cost of goods sold (COGS).
Do you offer cloud-based bookkeeping solutions?
Yes, we provide cloud-based bookkeeping services like QuickBooks Online and Xero, which integrate with your e-commerce Esty Shop Manager to give you up-to-date reports and create quarterly and yearly financial statements. Want to learn more? Book a 15-minute free consultation with our CPA.
Do you offer tax preparation services for Etsy sellers?
Yes, we will accurately prepare and file your Etsy GST/HST. You will be happy to know that we will file your personal tax returns free of cost. Any CRA audit will also be free of cost, keeping you out of tax reporting hassle.
Is it necessary to have an Etsy bookkeeper near me?
No, you don’t need to. We offer our services online and offline, so we can help Esty businesses no matter where they’re based.
Where is SAL Accounting located?
SAL Accounting is located in the heart of downtown Toronto. Our office address is 330 Bay Street, minutes from Union Station and CN Tower.
Schedule a FREE Consultation to Discuss Your Etsy Bookkeeping Needs.
Ready to save time and money on bookkeeping? Don’t delay. Reach out today to schedule a free consultation on making your Esty bookkeeping simple and stress-free.