You can set up the account and tax mapping to your accounting software so imports will arrive already coded and ready to reconcile. This saves you a lot of time on the process of recording your Etsy transactions.
To get the full benefit of Accounts and Taxes mapping, please wait for deposits to come in after you connect your account to Etsy and your accounting software. It's best to have a variety of deposits for this feature to draw from.
The Accounts and Taxes feature allows you to map your Etsy transactions to your accounting. It does this by accessing your Chart of Accounts or by creating accounts specific to Etsy transactions directly from A2X in your accounting system.
Where to go?
You can set the accounts that the typical Etsy transactions will be coded to in the Accounts & Taxes page:
How to let A2X create accounts?
You can create accounts in your accounting software right from A2X as suggested by A2X:
How to choose from your Chart of Accounts?
1. Access your accounts in your accounting software by clicking the x:
2. Then click on the dropdown to choose the account:
Save your mappings!
Finally, always remember to click the Save Mapping button at the bottom of the page.
Your account mapping will now apply to your settlements consistently.
Note: If you create accounts in your accounting software with A2X open, refresh your Cache in Settings and Connections.
How to apply tax codes?
Beside accounts, A2X accesses the tax codes in your accounting system as well. Simply click on the "x" to get to the dropdown list of your tax codes.
Tax code mappings - further notes
Due to the complexity of Sales Tax around the world, we recommend our customers seek professional advice on the correct approach to sales tax for your marketplaces.
Ask your accountant or seek advice from one of our A2X Experts to find out what tax rules apply to your situation. Reach out to us if you need help applying those taxes to A2X at email@example.com
Once you have mapped your accounts and taxes for Etsy transactions, you are ready to review and import your first entry to your accounting system. If you make mapping changes, be sure to save your mappings again.
Next Article: Step 5 - Send your first Invoice to your accounting system.
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