GoDaddy Online Bookkeeping is an online bookkeeping software that helps you create invoices, keep an eye on sales, prepare for the tax season, and more. Its features include mileage tracking, mobile payments, and recurring invoices. Prices start at $4.99 per month, and it’s tailored for product-based business owners, whether you are a small business, sole proprietor, or a single-person limited liability company (LLC) owner.
GoDaddy Online Bookkeeping Pros & Cons
Neat and extremely easy to use
Time tracking feature is not that great
Brilliant financial reporting
Lacks reconciliation functionality
Who GoDaddy Online Bookkeeping Is Best For
- Product-based online business owners: Create a Schedule C worksheet, generate profit and loss statements, and automatically import your sales data into your ecommerce account.
GoDaddy Online Bookkeeping Pricing
GoDaddy Online Bookkeeping’s pricing page shows three plans with fees that start at $4.99 per month. The plans vary in terms of the business reports’ covered periods and the advanced features included, such as tax worksheets and recurring invoices.
Author’s note: Given its price range ($4.99 to over $14.99 per month), GoDaddy Online Bookkeeping is one of the cheapest bookkeeping software in the market. It’s a good option if you are on a tight budget, but it lacks some functions that similar software have. For instance, it doesn’t have a reconciliation functionality, which is an essential feature to help you prevent financial statement errors.
Business Reports’ Period
Starts at $4.99
Current year only
Starts at $9.99
Starts at $14.99
Get Paid’s features include invoices and estimates management, mobile payment acceptance, mileage and time tracking, and current-year business reports.
This plan has all of the features in Get Paid, in addition to tax worksheets, unlimited business reports, automatic bank and credit card transaction import, and automatic sales data import from Amazon, eBay, PayPal, and Etsy.
Premium contains all of the functionalities in Essentials plus recurring invoices.
GoDaddy Online Bookkeeping Alternatives 2020
Online Bookkeeping Services
Startups and small businesses that have a tax professional but need a bookkeeper
Small businesses that want an all-in-one solution: bookkeeping, payroll, and tax
Small businesses that want an affordable rate
Tech startups or any small business just getting off the ground
Small to medium-sized businesses that want to use QuickBooks and Xero bookkeeping, accounting, and advisory solutions
Businesses interested in 24/7 accounting and support with real-time financial details
GoDaddy Online Bookkeeping Features
GoDaddy Online Bookkeeping has the features you need to create invoices and estimates, accept mobile payments, generate business reports, and more. Let’s take a closer look at its top features to see how GoDaddy Online Bookkeeping can help you with your bookkeeping duties.
It has a built-in mileage tracker that lets you enter round trip mileage and your trip’s description. It generates your mileage reimbursement rate in dollars, which you may utilize as a deduction on your Form 1040 or Schedule C.
Create and then send invoices on recurring schedules.
Automatic Sales Data Import
GoDaddy Online Bookkeeping automatically imports your sales data and generates up-to-date profit and loss (P&L) statements. It imports financial information, such as sales transactions, tax, shipping income, eBay and PayPal fees, and discounts from eBay.
Its Schedule C worksheets provide you with a categorized report of income and expenses, which you can use when preparing for the tax season.
Summary of GoDaddy Online Bookkeeping Reviews
As of the date this article was written (March 5, 2020), there aren’t many up-to-date GoDaddy Online Bookkeeping reviews online. If you are a past or current GoDaddy Online Bookkeeping customer, leave a review to help others who are deciding whether or not to use the software.
GoDaddy Online Bookkeeping Frequently Asked Questions (FAQs)
What software does it integrate with?
GoDaddy Online Bookkeeping integrates with Harvest, PayPal, Amazon, Etsy, eBay, Shoeboxed, FreshBooks, and more.
How does it ensure the security of its customers’ data?
It utilizes the same security control implemented by most U.S. banks (256-bit SSL encryption) in order to protect its customers’ data from any potential threats. Its team is also given read-only access to your data, so they won’t be able to make any changes to your accounts.
Does it have a mobile app?
Yes, it does. Its team will send you a link for download upon software setup. Alternatively, you may get it on iTunes and Google Play.
Our Top Bookkeeping Services Provider Picks
If you aren’t sure that GoDaddy Online Bookkeeping is right for you, then this article on the 7 Best Online Bookkeeping Services is a review of our top choices. In this guide, we looked at a variety of solutions and narrowed our recommendations down based on services, like basic bookkeeping, cash and accrual accounting, payroll, and tax return.