Why are Etsy reports inadequate for accounting purposes?
The Etsy reports are generally incomplete from an accounting standpoint and lack many of the fees Etsy will take from your sales. To properly account for your e-commerce transactions you need access to your sales as well as any and all sales related expenses. Greenback is the only provider that acquires the hidden "netted out" fees and makes this data available for export to an accounting program. Proper accounting of your e-commerce is critical for maintaining tax compliance.