Once you’re in other areas of the app, the plus sign opens a blank data entry screen. I can do my schedule C calculations fairly accurately from the data stored which is a huge time saver. The flow of transactions from multiple bank accounts to the bookkeeping software makes resolving my books straightforward. I am a busy entrepreneur that wears many hats including bookkeeping and tax accounting. This plan makes it simple to charge customers for any services that occur on a renewed and regular basis. Ecommerce stores that offer subscription services, or any business that offers education or training can utilize this tool as a subscription or membership service. Godaddy Bookkeeping Pricing And Tiered FeaturesĪny service-based business or freelancer who bills for a fixed number of hours would find this plan effective. Its home page displays enough information that a quick glance tells you whether you have work to do-and it takes you to the relevant pages. GoDaddy Bookkeeping was clearly designed with the self-employed worker in mind. Users will need to enter their bank details into the system first. From here they can choose to ‘Customize Reporting Categories, ‘Start Accepting Payments’ and ‘Link a Bank or Credit Card’. Users can access a ‘Get Started’ checklist from their main homepage. It keeps it simple so I can spend more time on the things I want to do with my business instead of what is required. GoDaddy’s domain hosting service has had numerous data breaches, which does not inspire confidence in the company’s security. Data is backed up nightly at two locations, and all data is transmitted in read-only files. GoDaddy uses 256-bit SSL encryption and two-factor authentication. However, if you have an online business and are doing substantial transactions it is best to get professional advice. If you have a little business on the side, or in addition to your F/T job, then GoDaddy Bookkeeping is an affordable solution. Since GoDaddy Bookkeeping is cloud-based, the software is compatible with nearly any device so long as you have internet access.įor example, you will be asked to tell GoDaddy about your personalized experience and whatnot. As GoDaddy Bookkeeping is a relatively small player in the accounting world, there are not a whole lot of reviews on this software specifically. QuickBooks also offers far more integrations (try 650 integrations to GoDaddy Bookkeeping’s 9). With QuickBooks, you get more bang for your buck in terms of features and Intuit as a company is much more secure than GoDaddy. I was unaware of my financial picture as I sell on multiple sites, use different payment processors and have a variety of accounts. I freed up my time and resources to grow my business and eliminated a huge burden. I don’t dread the upcoming the tax season … knowing all my information will be organized and at my fingertips ready to go. You have no idea how much money you may or may not be making, so no idea how to plan for taxes. I Made a Tax Mistake When I Started Freelancing, New System Is Simple. I Made a Tax Mistake When I Started Freelancing, New System Is Simple – Business Insider
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