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What Are SKUs and Why Do They Matter for Your Etsy Shop?

This article explains what SKUs are, why they matter for Etsy sellers, and how they help ProfitTree group listings, track sales, assign COGS, and manage product performance accurately.

Updated this week

What Are SKUs and Why Do They Matter for Your Etsy Shop?

A SKU (Stock Keeping Unit) is a unique identifier that you assign to each product or product variation. SKUs help ProfitTree recognize your items accurately across Etsy listings, variants, and orders.

Using SKUs gives you consistency and structure across your entire shop and ensures ProfitTree can calculate your profit correctly.

Why SKUs Are Important in ProfitTree

SKUs impact several parts of your ProfitTree account:

1. Profit Tracking

ProfitTree uses SKUs to determine which orders belong to the same product.

If the SKU is missing, COGS cannot be assigned correctly.

2. COGS Tracking

If two Etsy listings use the same SKU, ProfitTree groups them and applies the same COGS.

If SKUs differ for identical products, COGS must be entered separately.

3. Sales Tracking

SKUs allow ProfitTree to combine sales from multiple listings that represent one product.

4. Variant & Listing Grouping

If a listing has multiple variants but no SKUs, ProfitTree cannot group them and they will appear as separate rows in your product reports.

5. Avoiding Errors

SKUs prevent issues such as:

  • Missing SKU Error

  • Multiple COGS Error

  • Products that cannot match to COGS history

  • Incorrect grouping in product and listing reports

These behaviors come directly from the official SKU macros.

When Should You Use SKUs in Etsy?

You should use SKUs if:

  • You sell the same product repeatedly

  • You offer personalized options but the base product is the same

  • You have the same product listed in multiple Etsy listings

  • Your products have different or identical product costs that need to be tracked accurately

  • You want to group your results inside ProfitTree rather than seeing duplicates

If the answer to any of the above is yes, SKUs will significantly improve your shop’s tracking accuracy.

SKU Best Practices

To prevent errors and ensure accuracy:

  • Use one consistent SKU for the same product across all Etsy listings.

  • Never enter different COGS for the same SKU.

  • Add SKUs inside Etsy, not only inside ProfitTree.

  • Every listing variation should have a SKU if you want it grouped.

  • If you have no SKUs, ProfitTree will treat each variant as a separate product row.

This aligns with:

  • Listings & Product Reports macro → SKU grouping logic

  • Profit Tracking macro → grouped sales behavior

How to Set Up a SKU System for Your Etsy Shop

Step 1: Get your free SKU generator

Create consistent SKUs using our free template.

Step 2: Make a copy

Click File → Make a copy to save your own editable version.

Step 3: Watch the setup tutorial

Video walk-through:

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