GoDaddy Bookkeeping software from GoDaddy (best known as a web domain registrar) is designed for users who are selling online and want a secure and fast way to manage their books — no accounting experience needed.
The product is primarily used by small businesses selling on Amazon, eBay, Etsy, and GoDaddy’s online store platform. The software eliminates tedious data entry tasks and automates sales and expenses. It imports business accounts from e-commerce sites and generates up-to-date income and expense reports, profit and loss statements, and other documents.
Here are some things to know about the GoDaddy software that might help with the decision-making process.
What does GoDaddy Bookkeeping cost?
GoDaddy Bookkeeping software has three standard price options:
Get Paid, starting at $4.99 per month.
Essentials, starting at $9.99 per month.
Premium, starting at $14.99 per month.
What features does GoDaddy Bookkeeping include?
Key features of GoDaddy Bookkeeping at all levels (including Get Paid) include:
Automatic creation and sending of invoices.
Current-year business reports, including profit and loss.
Ability to accept payment via credit or debit card on a mobile device.
Ability to track mileage and time (for tax purposes).
The higher-priced plans offer additional features.
Unlimited business reports (including past years).
Tax worksheets, including Schedule C and sales tax.
Automatic import of bank and credit card transactions.
Automatic import of sales data from Amazon, PayPal, eBay and Etsy.
Offers all the capabilities of Essentials and Get Paid, plus:
Supports recurring invoices.
What security features does GoDaddy Bookkeeping have?
GoDaddy Bookkeeping partners with Yodlee, a bank and credit card account service provider, to help ensure security of the software. Yodlee follows industry best practice guidelines in the design and implementation of its network security environment.
In addition, GoDaddy Bookkeeping offers a "read only" level that allows users to have their bookkeepers or accountants view data in various accounts without the ability to withdraw money, transfer funds or authorize funds to be moved between two accounts.
What customer support is available?
GoDaddy Bookkeeping software offers round-the-clock phone and chat support.
What else does GoDaddy offer?
GoDaddy also offers do-it-yourself website and e-commerce store builders for small businesses at various price points. These have been especially popular during the pandemic as businesses have pivoted online, the company says.
Among available features are marketplaces, which enable sellers to list products on sites including Amazon, eBay, Etsy, Jet.com and Walmart. Inventory is synced across all channels, which prevents overselling. Google Shopping integration, another available feature, connects a product inventory with Google’s free Google Shopping listings, making products more visible and accessible.
Bookkeeping and accounting software
GoDaddy Bookkeeping $4.99 per month and up.
Sage 50cloud $47.25 per month and up.
Wave Financial Free (add-ons available).
Xero $11 per month and up.
Zoho Books $15 per month and up.