Over the past years, technology has undoubtedly influenced just about every facet of modern life. This is most evident in how we do business, and one of the best examples of this is how we use the Internet. The Internet has quickly become one of the most important tools for modern businesses because it’s made buying and selling products easier than it has ever been in the history of humankind. This is why e-commerce platforms have been a massive success wherever you are in the world.
In fact, the global e-commerce market’s sales are slated to hit a staggering $7 trillion by 2024. It’s really no surprise why more and more businesses and independent entrepreneurs are flocking to these platforms. Now, we can’t talk about e-commerce and not mention Etsy. Etsy is one of the major players in the industry and is one of the fastest-growing e-commerce platforms in the world and its sales performance managed to surpass $2 billion in 2020. Indeed, Etsy is one of the best platforms to use, especially for small businesses and independent creators.
Now, if you’re already using Etsy and want to maximise and optimise the way you utilise the platform, then we have just the thing for you. By now, you may have realised that one key weakness that Etsy has is its weak reporting and analytics capabilities. One alternative to this would be to hire an e-commerce business advisor, but that may require you to spend resources that you don’t have. Luckily, there is another solution. All you have to do is to integrate Xero. Xero, which is an online accounting software, will help you access and manage your sales data as long as you integrate it properly with Etsy. So, how do you go about doing this?
Here’s a short guide on how to integrate Xero with Etsy!
Integrating Xero and Etsy
The most important part of integrating Xero and Etsy is deciding which third-party app to use. Here are the two popular apps and how to use them.
A2X: A2X is one of the best third-party apps to use as it provides one of the simplest ways to integrate Etsy and Xero. All you need to do is to create an A2X account and connect it to your Etsy Marketplace. You can do this via A2X’s settings. Just head on over to connections and click on “Continue to Etsy.”
Integromat: Integromat is also quite simple to use. After setting up your account and following the instructions given to connect to Integromat, all you really need to do is to give the app access to your Etsy account. You’ll be able to connect Integromat to Etsy via the module settings panel. From there, just head to connections and choose to connect the app to Etsy. This will require you to have an Etsy account, so be sure to set that up before you attempt doing this.
While Xero is a good place to start when it comes to improving how you manage your e-commerce business, it doesn’t have to end there. Investing in a dependable online accounting firm can help you achieve your business goals and will allow you to take your business to the next level!
We here at Ecommerce Accountant can provide your business with the services you need to maximise profits, such as with the expertise of our Ecommerce consultants in Perth. Book a strategy session and start your partnership with us today!