We liked the ability to track an invoice throughout its life, from creation to payment. This could be useful for a freelancer waiting for a much-needed cash injection. You can be notified automatically when an invoice becomes overdue, when it is viewed by a client and when it is paid online.

• While WordPress and GoDaddy are two of the most popular options, there are plenty of other choices to consider.
• While it does include some excellent invoicing and reporting features, it does not offer double-entry and payroll which larger companies need.
• Hugh Wilson writes about business and the interface of business and technology for a range of titles including The Guardian, Telegraph, Independent, The Times, BBC and MSN.
• This bookkeeping service emerged from GoDaddy’s acquisition of the software company Outright Accounting and now the software falls under the GoDaddy brand name.
• GoDaddy is a simple bookkeeping tool for freelancers and small time ecommerce businesses and as such it performs well.
• For both Stripe and PayPal, you’ll pay 2.9% + $0.30 per transaction to accept online payments.
• All that said, GoDaddy Bookkeeping hasn’t made significant changes since we last reviewed it in 2019.

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 godaddy bookkeeping cost your accounts and other key numbers, like profit or loss, income and expenses, estimates, and time. They both support a lot of the functionality found on the browser-based version.

GoDaddy Online Bookkeeping

This is by no means a comprehensive accounts payable solution, but it does a good job of helping one-person businesses organise simple expenses. We particularly liked the ability to categorize business and personal expenses, a useful feature for freelancers who use one account for both and individuals who run small ecommerce businesses on the side. GoDaddy’s invoicing settings are impressive and its invoice management rivals that of the competition—surpassing it in the case of Intuit QuickBooks Self-Employed.

• Moreover, with their higher-level plans, Zoho Books gives you a greater opportunity for business growth and expansion within the same accounting platform.
• He broke out from his cubicle at Apple 6 years ago and now spends his days sipping Earl Grey tea & writing elegant copy.
• Plus, at $4.99 per month, the GoDaddy Bookkeeping Get Paid plan is going to be one of the most affordable business bookkeeping solutions out there.
• GoDaddy Bookkeeping’s client records don’t allow for as much detail as some competitors like Zoho Books allow.
• Alongside ecommerce integrations, invoicing is a standout feature, and one of the best in its class.
• Overall, GoDaddy’s bookkeeping service is easy to use and reasonably priced.

For a GoDaddy Bookkeeping alternative that can manage your business’s bookkeeping and accounting—and is completely free—you might consider Wave accounting. Therefore, if you’re looking for a platform to provide you with bookkeeping or accounting essentials, https://www.bookstime.com/ you can probably find a free solution that will meet your needs. Now that we’ve gone through the features and pricing of each of the three plans, let’s continue our GoDaddy Bookkeeping review by discussing the pros and cons of this software.

GoDaddy Online Bookkeeping: The Different Plans

GoDaddy’s website builder comes with templates that are easy to use so you can get a professional website up and running quickly (with fewer customization options). The simplest product in the QuickBooks suite, QuickBooks Self-Employed, as per the name, is designed for self-employed professionals to manage their finances. QuickBooks Self-Employed is available in three different plans, each with increasing tax capabilities. However, if you’re looking to take advantage of some of the features that GoDaddy offers, such as its invoicing and payroll capabilities, you’ll need to upgrade to a premium account. At Fundera, Randa specializes in reviewing small business products, software, and services.

You can view new events, invoice activity and money owed through the ‘Overview’ tab. From here, users can also view a profit and loss chart for the current year. This being said, if you need more collaboration with regard to your business finances, you’ll want to look for bookkeeping or accounting alternatives that allow for multi-user access. Although GoDaddy does offer domain hosting, they also provide the online bookkeeping service that we’re discussing, aptly called GoDaddy Bookkeeping. To learn about available alternatives, read NerdWallet’s roundup of best accounting software for small businesses. Our partners cannot pay us to guarantee favorable reviews of their products or services.