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. Again, the dashboard language gives a clue as to who GoDaddy thinks its customers are. ‘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. GoDaddy Online Bookkeeping takes the bulk of the work out of your hands.

• You can contact the company 24/7 by phone, and it also offers live chat and a contact form.
• 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.
• GoDaddy Bookkeeping also doesn’t include any payroll features, which is a major downside if you have a team of three or more people in your staff.
• And there are multiple templates available for both invoices and estimates, so you can choose your color, style, and so on.

GoDaddy Bookkeeping makes it an absolute breeze to keep on top of all the busy work that could easily bog down any seasoned business owner or freelancer. Invoices, Items, and TimeThe Invoices link takes you to a list of your open invoices. Unlike Harvest Solo, which only lets you view invoices on the app, not create them, the GoDaddy https://1investing.in/whai-is-law-firm-accounting-best-practice/ Bookkeeping Essentials app contains tools for building these sales forms. You can do this by clicking the plus (+) sign in the upper right corner, and selecting the correct client name. The invoice date and number should already be filled in, and you can change the payment due date if it’s different from the default you established.

GoDaddy Bookkeeping Essentials Plan

If you are the modern manager or business owner who travels often and needs to keep track of your business and related transactions, this software will come in handy. There’s a GoDaddy Bookkeeping application for both Android and iOS devices that will put you in full control over your entire account The Ultimate Startup Accounting Guide and all features available. You can access profit and losses reports for a quick scope on the overall financials of your business. But most of the time you’ll enjoy using the quick and easy expense entrance functionalities and the invoicing section to create invoices on the go as you complete work.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. GoDaddy Bookkeeping offers a handful of reports, including Invoice Status, Your Spending, and Top Items—in some cases, as charts or tables. It does, however, include a Schedule C Worksheet, which is unique in this group. Although you have to opt for the Essentials or Premium plan to utilize this integration, this capability can be particularly useful for business owners who sell on those platforms.

Best Alternative Online Accounting Software

Invoices, for example, has smaller tabs for Clients, Payments, Estimates, Items, and Recurring Schedules. Once you’re in a working area, you’ll work with standard Windows conventions like drop-down lists, buttons and icons, search boxes, and fill-in-the-blank fields. Webinar: Nonprofit Month-End Closing Accounting Procedures We review products independently, but we may earn affiliate commissions from buying links on this page. GoDaddy Bookkeeping Premium is just a penny shy of being the most expensive site for freelancers, since QuickBooks Self-Employed costs $15 per month.

Tracking your time, making an invoice and processing the payment works like a breeze with the software. The Starter plan costs a mere $3.99 per month on annual billing since GoDaddy offers a 20% discount on this subscription. It allows you to create and track invoices, accept debit cards, PayPal, credit cards and eChecks.

Is GoDaddy Online Bookkeeping right for your business? Use our GoDaddy Bookkeeping review to find out.

The 30-day money back guarantee ensures that you can try the platform risk free, so you can take that time to decide if GoDaddy Bookkeeping is right for your SMB. Users need to assign income and expense categories to each transaction to utilize this feature. I’ve used for over 10 years, when they were Outright before Go Daddy bought them. It was a good service but in all these years there have been NO upgrades and it now seems to have many glitches. I haven’t been able to update one of my accounts for several months and support just tells me it been escalated, basically to no man’s land. What the software lacks for instance is an inventory management tool, which immediately makes that this isn’t a solution for you if you’re a retailer, wholesaler or other business that holds inventory.

In addition, this plan will help you to send recurring invoices to clients, to bill them regularly and to track billable and non-billable time. Today, its iPhone app offers more finance-related features for freelancers and independent contractors than similar bookkeeping apps that I’ve reviewed, but at a lower cost than many. Where most competitors tend to focus their efforts in one or two areas, GoDaddy Bookkeeping Essentials is capable of doing just about everything that the others do combined. GoDaddy Bookkeeping Essentials lacks multicurrency support, but it helps you manage simple accounting functions, income tax planning, and e-commerce integration. Thanks to its Android app and iOS app, GoDaddy Bookkeeping also lets you stay on top of your money when you’re out of the office. 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.