QB Issue Resolution:
Let me share some information on how to account your Etsy transactions in QuickBooks Self-Employed.
When you receive an income from Etsy, you’ll categorize the transaction as Business Income, and when it gets deposited into your bank account, mark it as a Transfer.
They’re considered as transfers, so they’re excluded from our calculations for estimated taxes or business expenses.
If you find that a transaction is double-counted, you can change the category manually. You can also create a rule to tell our system to always exclude these transactions from your reports.
Here’s more information on this article: Transfers between accounts in QuickBooks Self-Employed.
Resolution for Issue 'I think it is double counting my incomes. I have both my bank account and etsy account linked but I am not sure if it double counting or not?' available: Yes (Solved).
Source: Intuit Community forum.
I think it is double counting my incomes. I have both my bank account and etsy account linked but I am not sure if it double counting or not?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.Support for account linked
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