New Etsy Payment Reports Detail Seller Charges


A New Year brings new Etsy payment reports for sellers. Etsy said it improved financial summaries to allow sellers to better understand their finances and also added “tooltips” and descriptors for all charges to make it easier for sellers to understand what Etsy charges and why. .

“We’ve reworked the way we summarize and present your finances to make it easier for you to understand and use information about your sales, expenses, and profit margins,” Etsy explained. “We believe that these tangible changes can help you not only measure your sales, but also effectively plan the future of your store.

Summaries of Etsy activities are now grouped into four sections: Sales, Fees, Marketing, and Shipping. He also said: “It is important to note that sales tax / VAT will appear in the respective sections of your summary. “

The changes only apply to the 2022 report. Explaining in an FAQ why it didn’t apply the changes to previous years, Etsy wrote:

“We know that each salesperson has their own unique financial management workflows. We didn’t want to disrupt the presentation of past data and potentially interfere with those workflows. After careful consideration, we’ve decided to roll out these new seller payment account updates on January 1, so you can use your existing 2021 finance workflow and focus on adapting to a new flow of work, if necessary, from 2022. “

Etsy also breaks down the revenue figures:

  • “Income in your store stats includes all of your sales minus any discounts you gave to buyers. This total doesn’t include any sales charges, shipping charges, or orders you have fully refunded and canceled (learn more here), ”Etsy explained.
  • “Net income is the sum of your summary activity, which includes your total sales, expenses, marketing and shipping costs for the selected time period. »Sellers can find the net profit number on their payment account.

You can find more information with screenshots of the new reports on the Etsy Seller Manual.

What do you think about the changes to Etsy Seller Payment Accounts, and how does Etsy’s new Income and Expense Reports compare to other markets?

Ina Steiner

Ina Steiner
Ina Steiner is the co-founder and editor-in-chief of EcommerceBytes and has worked in e-commerce since 1999. She is a widely cited authority on market selling and is the author of “Turn eBay Data Into Dollars” (McGraw -Hill 2006). Her blog was featured in the book “Blogging Heroes” (Wiley 2008). Follow her on Twitter at @ecommercebytes and send tips to [email protected] See the disclosure at EcommerceBytes.com/disclosure/.


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