Once all your details have been filled in, your company name will appear at the top right. GoDaddy is best known as a reliable and affordable domain name provider. What most people don’t realize is that they also offer a way to balance the books. Syncing all payment channels provides complete visibility over cash flow and reconciliations. By using this site, you signify that you agree to be bound by these Universal Terms of Service. Therefore, with these limitations, it’s hard to say that GoDaddy is a preferable option to some of the more robust (and even free) solutions out there.
Plus, with the complexities involved in self-employment taxes, GoDaddy Bookkeeping’s tax features will help business owners simplify and manage that process. The Invoice Settings tab opens a much more complex screen of options, most of which aren’t accessible in the app. These are sophisticated settings that aren’t always found in full-blown small business accounting applications.
Automation Features
Alongside ecommerce integrations, invoicing is a standout feature, and one of the best in its class. The package also features easy setup, decent design and a nice mobile app. 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. Automating reports is another key feature that eliminates repetitive administrative tasks.
- With GoDaddy Bookkeeping, these online sellers will quickly and easily be able to manage their finances with automatic access to their sales data within one system.
- This interactivity makes the dashboard very effective and timely—one of the best I’ve seen.
- 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.
- 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.
- Nevertheless, compared to any of the GoDaddy Bookkeeping plans, Zoho Books can offer significant functionality at an extremely affordable cost.
- The navigation menu is clear and intuitive, with modules for banking/transactions, billing/invoicing, financial reporting, account reconciliation, and taxes.
If this sounds like the type of platform that you need, you might consider a simple and affordable bookkeeping system, like GoDaddy Bookkeeping. After you enter your login credentials for your financial institutions, GoDaddy makes a connection and downloads your most recent transactions. All cloud-based accounting websites operate godaddy bookkeeping app this way, and it saves countless hours that small businesspeople 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. Free bookkeeping apps tend to have limited functionality and some only have a single function.
GoDaddy Bookkeeping Essentials (for iPhone) Review
GoDaddy Bookkeeping Essentials ($9.99 per month) started its life as a simple website (Outright) that calculated quarterly estimated taxes for small businesspeople by providing tools for tracking income and expenses. 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.
Therefore, to help you in your search process, we’ve compiled this guide to the best apps for small business accounting. We’ll highlight eight of the best accounting apps on the market—and break each down in terms of user experience, capabilities, and pricing—so that you can determine which will work most effectively for your business. As such, the package is a decent option for freelancers who want a basic tool for helping them keep their bookkeeping in order.