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Pros and Cons of GoDaddy Bookkeeping 2023

godaddy bookkeeping cost

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.

godaddy bookkeeping cost

GoDaddy is a simple bookkeeping tool for freelancers and small time ecommerce businesses and as such it performs well. Tasks can be achieved quickly and outputs are generally clean and professional. The software’s own templates will be perfectly good for most freelancers and contractors. You can contact the company 24/7 by phone, and it also offers live chat and a contact form. There is also a help center with a range of how-to articles and answers to frequently asked questions.

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Please note that this is a review of (the website builder and CMS), not (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.

godaddy bookkeeping cost

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 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.

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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. godaddy bookkeeping cost 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.

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.

What security features does GoDaddy Bookkeeping have?

GoDaddy also offers reports, most of which are aimed at freelancers and small ecommerce sellers who want to keep an eye on sales and expenses. A profit and loss report is also included, as are reports on sales by state, income, top customer, top vendor and spending. Unlike many rivals, GoDaddy will also estimate quarterly tax, if you assign income and expense categories to each transaction. GoDaddy Bookkeeping provides separate tools for time tracking instead of designating services as different types of items, like Wave does.

  • There are three GoDaddy Online Bookkeeping software plans—Get Paid, Essentials, and Premium.
  • This is the most expensive of the three plans—although still very affordable—and provides additional capabilities for businesses with recurring customers.
  • 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.
  • GoDaddy also offers do-it-yourself website and e-commerce store builders for small businesses at various price points.
  • Most items on this page, in fact, contain links to underlying data.

‘Money I have’ and ‘Money I owe’ are not sentences usually uttered by financial professionals. Talking of which, the ‘new events’ and ‘invoice activity’ links (under the overview tab) give useful up-to-the-minute information. There is no double-entry and payroll, which means GoDaddy is unsuitable for larger businesses in need of a complete accounting solution. Overall, GoDaddy’s bookkeeping service is easy to use and reasonably priced. If you’re just starting out, a free account is a good way to get started.

Which is better, WordPress or GoDaddy?

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).

You can send automatic thank you notes to customers when payment is received. GoDaddy is best known for its domain name service, website building tool, and small business email. From that core of services came the idea of a simple bookkeeping package for the freelancers and contractors who make up the lion’s share of Godaddy’s customer base. Users need to assign income and expense categories to each transaction to utilize this feature.

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