Pros and Cons of GoDaddy Bookkeeping 2023
Plus, at $4.99 per month, the GoDaddy Bookkeeping Get Paid plan is going to be one of the most affordable business bookkeeping solutions out there. The last GoDaddy Bookkeeping plan available for small business owners is the Premium plan. The most affordable of the three GoDaddy Online Bookkeeping options, the Get Paid plan will cost $4.99 per month.
- You may have heard of GoDaddy before in another context—as the domain hosting service for small business websites.
- 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.
- Once you’re in one of the screens, you use standard Windows conventions like drop-down lists, buttons and icons, search boxes, and fill-in-the-blank fields.
- Unlike many rivals, GoDaddy will also estimate quarterly tax, if you assign income and expense categories to each transaction.
GoDaddy is the perfect choice for those who do not need an overly sophisticated accountancy tool. While it does include some excellent invoicing and reporting features, it does not offer double-entry and payroll which larger companies need. The iPhone version displays icons along the bottom of the screen that take you to Income, Expenses, and Invoices. A button in the upper right opens links to your settings (categories and clients, your invoice settings, and payment processors) when you’re viewing the dashboard and to charts on some of the other screens. 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 Online Bookkeeping: The Different Plans
GoDaddy is very easy to use, and its design, layout and language is well pitched for its freelancer and sole proprietor audience. The dashboard gives details on profit and loss, current expenses, your current timesheet and open invoices. It’s immediately obvious if you have tasks to perform, like sending a payment reminder (if this is not automated).
- Each invoice includes the option to add any tax which is payable in total.
- On the flipside, there are hardly any other integrations to speak of.
- Account balances are listed, as are your current estimated and sales taxes due and your mileage deductions.
- The platform offers thousands of different templates and plugin options that are free to use, making it possible to build nearly any website imaginable.
- With an affordable price and limited capabilities, the GoDaddy Bookkeeping Get Paid plan will work well for contractors or freelancers who want to digitize their business finances beyond a simple spreadsheet.
- Zoho Books offers four plans and the first of which, Zoho Books Free, is completely free.
From here they can choose to ‘Customize Reporting Categories, ‘Start Accepting Payments’ and ‘Link a Bank or Credit Card’. Users will need to enter their bank details into the system first. This way GoDaddy can link to your bank and download your most recent transactions. PCMag.com is a leading authority on technology, delivering lab-based, independent reviews of the latest products and services. Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology.
GoDaddy Bookkeeping review
Please note that this is a review of WordPress.org (the website builder and CMS), not WordPress.com (the blog hosting platform). I don’t dread the upcoming the tax season …
knowing all my information will be organized and at my fingertips ready to go. I freed up my time and resources to grow my business and eliminated a huge burden. PCMag is obsessed with culture and tech, offering smart, spirited coverage of the products and innovations that shape our connected lives and the digital trends that keep us talking.
On the flipside, there are hardly any other integrations to speak of. Aside from banks and payment gateways, receipt scanning and tracking app Shoeboxed is the only other integrated app of note. Again, the dashboard language gives a clue as to who GoDaddy thinks its customers are.
A solid bookkeeping solution for freelancers and online sellers
If you’re considering using GoDaddy to manage your bookkeeping, there are a few things to keep in mind. First, GoDaddy offers a free account https://www.bookstime.com/ that lets you create and manage your finances in a few minutes. Users can access a ‘Get Started’ checklist from their main homepage.
- Both versions offer a dashboard that lists balances for your accounts and other key numbers, like profit or loss, income and expenses, estimates, and time.
- While many are free, some cost money either as a one-time charge or a recurring expense.
- With GoDaddy Bookkeeping, you can not only invoice and accept payments but also track mileage and time and prepare tax worksheets as well.
- You can also see charts illustrating your annual profit and loss to date, the current month’s expenses, and open invoices.
Support is available through the ‘Help & Community’ tab at the top right of the screen. From here, users can choose to scroll through previously asked questions or they can submit a request of their own. Users have easy access to sections such as ‘Overview’, ‘Income’, ‘Expenses’, ‘Invoices’ and ‘Reports’ through tabs that run across the top of the main screen. Finally, as we’ve alluded to already in this GoDaddy Bookkeeping review, another of the most notable drawbacks of this platform is that—on the whole—it’s very limited in its functionality. The GoDaddy Online Bookkeeping Premium plan will cost $14.99 per month.
Do I need WordPress if I have GoDaddy?
It does, however, include a Schedule C Worksheet, which is unique in this group. You can ask to be notified when a client views or accepts one, or when one is about to expire. Finally, for a GoDaddy Bookkeeping alternative that offers affordability, time tracking tools, and extended bookkeeping and accounting features, you might look into Zoho Books. This brief background aside, like any other web-based bookkeeping software, GoDaddy Bookkeeping allows you to digitize, automate, and optimize your bookkeeping processes. This being said, GoDaddy Bookkeeping differs from accounting software in that typically, accounting software platforms will automate your books and provide insights on your business’s financial data.
It lets you create individual time entries and view them on calendars. You can specify entries as billable and create invoices from the time entry screen. But there’s no drop-down list for the client name; you have to start typing until the correct one comes up. And you can’t choose from a list of the time entries you’ve created as items—you can only enter notes describing the entry and provide the rate each time.
GoDaddy Online Bookkeeping Reviews, Pricing, Ratings and FAQs
You can set up profiles, specifying the client, frequency, and so on, and you can also choose to have them sent automatically or just have a draft created for you to send yourself. 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.
While WordPress and GoDaddy are two of the most popular options, there are plenty of other choices to consider. GoDaddy Online Bookkeeping has been rendered godaddy bookkeeping cost as read-only as of June 23, 2022 and will sunset operations on September 30, 2022. GoDaddy Online Bookkeeping’s plans ranged from $4.99 to $14.99 per month.
Cost of WordPress vs. GoDaddy
As you know your business best, only you can decide which bookkeeping or accounting software will fulfill your needs. This version of GoDaddy Bookkeeping will offer greater tools for managing financial transactions and taxes—making it suitable for small online and home-based businesses in addition to freelancers and contractors. If this sounds like the type of platform that you need, you might consider a simple and affordable bookkeeping system, like GoDaddy Bookkeeping. You’ll find that different companies have different styles, features and capabilities. For example, Squarespace’s design features are more limited to the templates it offers while Wix and Weebly offer more customization options in terms of how you design your website.