Sync Etsy payout summaries into Wave with clean sales, fees, refunds, taxes, and deposit matching.
Connect Etsy to Wave and automatically sync summarized sales, fees, refunds, taxes, and payouts.
Match Etsy deposits to clean Wave entries for faster reconciliation.
Use your trial to confirm the first import and first successful post.
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Etsy pays you in batches. Each deposit mixes sales, fees, refunds, and taxes, so it rarely matches your Wave books on its own. Etsy tracks your money in a payment account ledger. Taxomate reads the ledger and treats each disbursement to your bank as a deposit. Taxomate imports the Etsy deposit and posts one summarized entry to Wave that matches the bank deposit. You skip the spreadsheet.
Connect your Etsy shop. You approve access in Etsy. Taxomate then reads your payment account ledger and treats each disbursement to your bank as a deposit.
Connect Wave. You approve access in Wave and select the business to use. Wave requires an active Wave Pro plan or Wave Advisors package for third-party API connections such as Taxomate.
Run Quick Setup to create default accounts and sales items in Wave, or pick ones you already have. Then check the account for each category. You can change any mapping later. Taxomate does not post until the required mappings are set.
Open an Etsy deposit in Taxomate. It shows sales, refunds, shipping, fees, advertising, and tax grouped by category, with the deposit total.
Post the deposit. Taxomate creates a summarized invoice in Wave as a draft, then approves it. A negative amount is marked as sent. Wave limits an invoice to 300 line items, so a large deposit can post as more than one invoice. If posting fails, Taxomate deletes the invoices it created. You can also turn on auto-post.
Compare the posted invoice to the bank deposit. Taxomate does not create the bank deposit in Wave.
Taxomate groups each deposit by category and posts the totals to the Wave accounts you map. The table lists the categories.
| Transaction type | Where it goes |
|---|---|
| Sales | The Wave account you map |
| Shipping | The Wave account you map |
| Refunds | The Wave account you map |
| Transaction and payment processing fees | The Wave account you map |
| Listing fees | The Wave account you map |
| Etsy Ads and offsite ads | The Wave account you map |
| Adjustments | The Wave account you map |
| Tax collected | The Wave account you map |
| Tax remitted | The Wave account you map |
| Clearing | The Wave account you map |
| Reserved balance | The Wave account you map |
| Carried balance | The Wave account you map |
Plans start at $14/month for one sales channel with up to 200 orders a month. Every plan has a 14-day free trial. See pricing.
Short answers on how a payout-based workflow handles Etsy deposits in Wave.
Start with the Etsy deposit, import the related sales, fees, refunds, taxes, and adjustments, then review the summarized Wave entry before posting.
Yes, if the workflow uses the payout as the control total and posts a summarized entry that can be matched against the bank deposit in Wave.
Use one recent Etsy deposit as the activation test. The workflow is ready to scale when the first import, first successful post, and bank reconciliation all line up.
First-post proof
Before you commit to any Etsy Wave integration, use one representative Etsy deposit to confirm the import, accounting post, and bank reconciliation path.
Reconciliation playbook
A useful Etsy to Wave integration has to do more than move orders. It should turn payout activity into accounting entries that explain the bank deposit without manual cleanup.
Import the Etsy deposit that actually lands in the bank, then summarize the related sales, fees, refunds, tax, and adjustments around that deposit.
Review the proposed Wave entry before posting so the sales, fees, refunds, tax, and clearing accounts match the way you close the books.
Use one recent payout as the activation test. The workflow is working when the first successful post matches the payout and reconciles to the bank feed.
Activation checklist
Exhausted from constantly grappling with the intricacies of manual data entry? Fed up with the time-consuming tasks and the ever-lingering possibility of human error? With our automated system, you can say goodbye to the tedious task of manually handling your financial data.
Taxomate turns each Etsy payout into one summarized entry in Wave, so you match one entry to each deposit instead of copying payout reports by hand.
Sales, fees, refunds, shipping and tax post to the accounts you map, so your profit and loss report shows each one. Taxomate can also send summarized cost of goods sold (COGS) entries.
Each summary breaks the payout down into sales, refunds and fees, and its total equals the deposit. You can review it before it posts.
Taxomate turns your Etsy sales, fees and tax data into summarized entries that match your payouts in Wave.
No payout spreadsheets: Taxomate imports each Etsy payout for you, so you do not rebuild it from reports in a spreadsheet.
The same mappings every time: Every payout posts with the account mappings you set, so each fee and tax type lands in the same account each month.
Books that stay current: Turn on auto-post and new payouts post after their deposit date, without a manual step.
Tax kept separate: Tax collected on Etsy sales posts to its own account, separate from sales. Taxomate records the amounts; filing and tax advice stay with you or your accountant.
Getting started with Taxomate in 10 minutes or less.
Start a 14-day free trial. Creating an account takes a few minutes.
Connect your Etsy seller account and Wave. Each one asks you to approve access. Wave requires an active Wave Pro plan or Wave Advisors package for third-party API connections such as Taxomate.
Run Quick Setup or pick your own accounts, then confirm the account and tax setting for each category. You can change any mapping later.
Review each Etsy summary and post it to Wave, or turn on auto-post so new payouts post after their deposit date.
Taxomate handles the payout bookkeeping for Etsy, so your time goes to checking the summary, not building it.
Book a free 1:1 onboarding call, or get help by email and video chat. Setup guides and help articles are in the help center.
You approve each connection in Etsy and Wave, set every account mapping, and can review each summary before it posts.
Plans start at $14/month for one sales channel with up to 200 orders a month, and the Multi-channel plan has no channel limit. Every plan has a 14-day free trial.
Taxomate is an automated cloud-based accounting software designed to simplify the bookkeeping process for Amazon, eBay, Etsy, Walmart, and Shopify sellers. It imports Etsy payouts and posts summarized sales, fees, refunds and taxes to QuickBooks Online, Xero or Wave, so you do less manual entry.
Taxomate connects to your Etsy account to fetch transaction details such as sales, refunds, and fees. It then processes these transactions and automatically posts them as summarized entries into Wave that match your Etsy payout reports, so each entry matches its deposit.
No, Taxomate does not charge extra fees for connecting multiple Etsy accounts or for importing historical data. Our pricing plans are designed to offer flexibility and scalability, allowing you to add as many accounts as you need without additional costs. Taxomate can import as much historical data as allowed by each sales channel.
Taxomate provides its users with a range of support options and resources. This includes email support, 1:1 video chat support, comprehensive guides, video tutorials, and a knowledge base filled with helpful articles. These resources are designed to help users navigate the software, from setup to advanced features, ensuring a smooth experience.
Start your free trial today and see how Taxomate can transform your ecommerce accounting.
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The term 'Etsy' is a trademark of Etsy, Inc. This application uses the Etsy API but is not endorsed or certified by Etsy, Inc.