GoDaddy Accounting is best number cruncher for small businesses
OUR DECISION
GoDaddy’s combination with Amazon, Etsy and eBay makes it the perfect choice for smaller sellers, however it’s lack of payroll features causes it to lose to other accountancy tools on the marketplace.
GoDaddy is best known as a trustworthy and affordable domain name service provider. What most people do not realize is that they also offer a way to stabilize the books.
GoDaddy Bookkeeping offers a basic service for smaller organisations who do not need extremely sophisticated accountancy software. The platform is cloud-based, so it can be accessed from any os and to begin all you require is a GoDaddy account.
For business owners on the go, GoDaddy Bookkeeping is likewise readily available for Android and iOS. Pricing is tiered depending on your level of usage. The software application also works well with online retailers such as eBay and Amazon, making it ideal for handling a little home-based organisation.
Prices
GoDaddy Bookkeeping has 3 price tiers. The ‘Get Paid’ tier is $4.99( ₤ 3.90) each month. Users can send billings and estimates, track time and mileage, accept mobile payments and run reports.
The ‘Essentials’ bundle starts at $9.99( ₤ 7.70) per month. It includes all the ‘Get Paid’ tier needs to use plus limitless company reports, tac worksheets, automatic import of bank, credit card transactions and sales information from third party sites such as Amazon and eBay.
The ‘Premium’ tier starts at $14.99 (₤ 11.50) each month. Additionals consist of repeating billings.
GoDaddy uses a 30-day refund assurance.
Setup
There is extremely little to do when it pertains to setting up with GoDaddy. Users just require to create an account. Once you have actually acquired your chosen tier, you’ll be ready to get started establishing the platform to suit your needs.
Users can include their details under the ‘Manage’ tab that runs along the top of the screen. As soon as all your details have actually been completed, your company name will appear on top right.
Users can access a ‘Get Started’ checklist from their primary homepage. From here they can choose to ‘Customize Reporting Categories, ‘Start Accepting Payments’ and ‘Link a Bank or Credit Card’. Users will require to enter their bank details into the system first. This way GoDaddy can link to your bank and download your latest transactions.
GoDaddy can approximate quarterly income taxes. This should be done as part of the setup procedure. Users require to appoint income and cost classifications to each deal to use this function.
Interface
The interface is straight forward and easy to use. Users have simple access to sections such as ‘Overview’, ‘Income’, ‘Expenses’, ‘Invoices’ and ‘Reports’ through tabs that encounter the top of the main screen.
You can view brand-new events, invoice activity and money owed through the ‘Overview’ tab. From here, users can also view a revenue and loss chart for the current year.
You can access classifications, connected accounts, contacts, invoice settings and profile settings through the ‘Manage’ tab.
Support is offered through the ‘Help & Community’ tab at the top right of the screen. From here, users can select to scroll through previously asked concerns or they can submit a request of their own.
Functions
While Less Accounting uses the most variety when it pertains to reporting, GoDaddy does not have a bad selection of reporting design templates.
There are numerous alternatives for organisation reports such as Profit and Loss and Sales by State. Earnings, top client, leading supplier and costs reports are also consisted of. These are all under their own separate headings: Income and Expenses. The most range is seen under ‘Invoices’. This consists of reports for invoice status, billing payments, expenditures, top products and for timesheets.
When it comes to billing, GoDaddy’s has some thorough invoicing alternatives. It exceeds the options provided by QuickBooks Self Employed accounting service. Users can track billings throughout their life process. You can set notifications to trigger for when clients have actually opened their billing. Similarly, users can get notifications for when costs have actually been paid online.
Users can likewise allow notifications for when invoices are past due.
The invoice kinds consist of consumer information, billing number, purchase order number, date and balance. Each invoice consists of the option to add any tax which is payable in total. Users can add a note to the customer at the end of the type. There is likewise the option to include your company’s payment terms at the end of the billing e.g. ‘please send out payment within 21 days of getting this billing.
All billings can be previewed, nevertheless, unlike FreshBooks, users can’t deal with the real type the client will receive.
GoDaddy integrates with Amazon, eBay, Etsy and PayPal. This indicates that small companies can easily link their sales from these sites to the GoDaddy platform.
GoDaddy Bookkeeping has helpful mobile apps for iOS and Android devices. This allows users to gain access to most of the functions readily available on the main variation. Users can use the apps to modify billings in addition to view revenue and loss charts. You can also access customer records and payment functions.
Last verdict
GoDaddy is the ideal option for those who do not require an excessively sophisticated accountancy tool. While it does consist of some excellent invoicing and reporting functions, it does not use double-entry and payroll which larger companies require.
It is easy to use and is excellent value for cash. GoDaddy’s integration with Amazon and eBay makes it perfect for small retailers and businesses but it lacks the extensive tools of some of its rivals.
Aside from ticking all packages for standard accounting, GoDaddy’s software application triumphes due to being easy to use and integrate. It’s likewise really cross-platform, being cloud-based and available for mobile devices. The 30-day cash back ensure ensures that you can attempt the platform risk free, so you can take that time to choose if GoDaddy Bookkeeping is right for your SMB.
