However, there are a few alternative options in the market worth considering before making a final decision. Overall, GoDaddy Bookkeeping simplifies e-commerce accounting considerably through automation and integration with minimal ongoing effort. The affordable pricing makes professional bookkeeping accessible for early-stage online businesses. However, the reliance on apps and lack of readily available live support pose some risks requiring diligent godaddy accounting software setup and monitoring. GoDaddy Bookkeeping syncs with over 11,000 financial institutions to import latest transactions instead of relying on downloaded CSV/OFX files.
Godaddy, US bookkeeping dream
- Bank and credit card feeds automatically import the latest transactions, which can be approved with one click.
- Every accounting website includes record templates for storing information about customers (and often, vendors) that can be used in transactions and reports.
- Nevertheless, compared to any of the GoDaddy Bookkeeping plans, Zoho Books can offer significant functionality at an extremely affordable cost.
- We liked the ability to track an invoice throughout its life, from creation to payment.
- FreshBooks’ entry-level plan is $13.50, and both Sunrise and Wave are free.
With options like Wave, Zoho Books, QuickBooks Self-Employed, and more—there are both free accounting software solutions, as well as more feature-rich platforms—that may be able to serve you better than GoDaddy. To explain, even though each of the GoDaddy Online Bookkeeping plans come at a low cost, they don’t compare to other solutions on the market. There are alternative platforms, like Wave accounting and ZipBooks, which both offer free software, with greater capabilities than GoDaddy. Every accounting website includes record templates for storing information about customers (and often, vendors) that can be used in transactions and reports. GoDaddy Bookkeeping’s client records don’t allow for as much detail as some competitors like Zoho Books allow.
Features
Editors’ Choice FreshBooks includes a timer, and it also allows contractor access for time tracking within projects, as well as other team collaboration tools. There’s a total for billable hours tracked during the current month, along with links to what’s new this week (like uncategorized expenses and new sales). You can, for example, add invoices and accounts, see the transactions behind the charts, and track time. This interactivity makes the dashboard very effective and timely—one of the best I’ve seen. GoDaddy Bookkeeping was clearly designed with the self-employed worker in mind.
Online Bookkeeping Help
- They appreciate its lower cost compared to other options and its good return on investment.
- Track payments and set up automatic reminders for overdue invoices, ensuring that you maintain a healthy cash flow for your business.
- Once you’ve created a client record, its information will appear on a home page of sorts, along with a list of open invoices and a link for creating invoices.
- GoDaddy’s invoicing settings are impressive and its invoice management rivals that of the competition—surpassing it in the case of Intuit QuickBooks Self-Employed.
- As such, it is extremely easy to set up, and requires no specialist or technical knowledge.
All cloud-based accounting websites operate this way, and it saves countless hours that small businesspeople virtual accountant used to have to spend entering transactions manually. That said, if you wish to manually enter at least some of your data, GoDaddy gives you that option, too. Automating reports is another key feature that eliminates repetitive administrative tasks. GoDaddy Bookkeeping has options to schedule reports to run at customized intervals.
GoDaddy Online Bookkeeping: The Different Plans
This allows key financial statements, tax summaries, profit and loss reports, and other outputs to be sent to relevant stakeholders automatically. The bank feed sync automatically categorizes many transactions, sparing users from manually entering data. Users can reconcile accounts with a few clicks once transactions are imported. By reducing data entry and removals, bank feeds save significant time and lower the bookkeeping risk of human error from manual work. Users can quickly create and send professional invoices, accept online payments, and track unpaid customer balances.
- This allows users to find a solution that aligns with their specific requirements.
- GoDaddy also offers do-it-yourself website and e-commerce store builders for small businesses at various price points.
- Aside from ticking all the boxes for basic bookkeeping, GoDaddy’s software wins out due to being easy to use and integrate.
- With Wave, you’ll have access to unlimited users, bank and credit card connections, and income and expense tracking.
- On the flipside, there are hardly any other integrations to speak of.
- In this blog post, we’ll walk you through the steps on how to use GoDaddy Bookkeeping effectively, ensuring that you make the most of its features to keep your financial records in tip-top shape.
- The onboarding process is designed to be quick and hands-on, with the goal of getting users up and running with live data in the system within a few days.
Data Entry and Workflows
Learn how to generate and interpret these reports, allowing you to make strategic decisions based on real-time data. To embark on your financial management journey with GoDaddy Bookkeeping, start by creating an account. Follow the simple registration process, providing the necessary information about your business. Once your account is set up, you’re ready to dive into the world of hassle-free bookkeeping. Project management is lacking, along with payroll, bill-pay, inventory management and other features larger businesses would quickly miss.
Starting price (does not include set up fee)
Another downside of GoDaddy Bookkeeping is regardless of which of the three plans you choose, you’ll only ever be able to attach a single user to your account. Therefore, if you want a business partner, employee, or even business accountant to take a look at your bookkeeping, you’ll have to let them use your account information—which is not ideal for security. GoDaddy Bookkeeping software from GoDaddy (best known as a web domain registrar) is designed for users who are selling online and want a secure and fast way to manage their books — no accounting experience needed. The site is broken down into several areas represented by tabs running horizontally across the top, such as Overview, Income, Expenses, and Taxes. When you click on one, the activities managed there appear as sub-tabs.