How to Transition from GoDaddy Bookkeeping to Paper + Spark Spreadsheets

Let’s take a step back to consider how you manage your books and whether this still makes sense for your business. If you have been using GoDaddy for years and think it is the best Bookkeeping Software, think again. We present the Industrial Outperformer that charges the same rates but gives services with prime features like no other. retail accounting software offers round-the-clock phone and chat support. With the fees we pay per transaction, it would be nice to be able to add additional “limited” users for no extra cost. Payment collection is easy and seamless because Square Invoices allows the recipient to pay using credit/cards.

The scoring formulas take into account multiple data points for each financial product and service. One of the fest features is allowing invoices to be recurring. If my contract stipulates a flat fee monthly, I can set the invoices to recur monthly for the duration of the contract. I didn’t use it too often but being able to send an invoice to a customer while on mobile is priceless while onsite; gets you paid quicker and able to ‘seal the deal’ onsite.

Who Should Not Use GoDaddy Online Bookkeeping?

Its home page displays enough information that a quick glance tells you whether you have work to do—and it takes you to the relevant pages. You can also see charts illustrating your annual profit and loss to date, the current month’s expenses, and open invoices. Account balances are listed, as are your current estimated and sales taxes due and your mileage deductions. It is being used as accounting software for primarily eBay and PayPal.

• We provide everything that saves time for Business owners.
• You can set up automated notifications when an invoice is due and when payment is received.
• The price is affordable for businesses that are providing a little bit of side income for their owners.
• You can accept payments via credit and debit cards on your smartphone with the GoDaddy Online Bookkeeping mobile app, making it a breeze to run your business anywhere.
• Next, you also want detailed transaction information for prior years in case you ever need to determine what made up a particular sum in the past.
• Not only do they have to design and create beautiful products, but they also need to keep track of their inventory, orders, and finances.

It pulls transactions on a daily basis, so your accounts stay current. All cloud-based accounting websites operate 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.

Figure out which Paper + Spark spreadsheet(s) you need.

GoDaddy Bookkeeping makes it an absolute breeze to keep on top of all the busy work that could easily bog down any seasoned business owner or freelancer. Janet from Paper & Spark has created a wonderful range of downloadable spreadsheets for sellers, with basic profit & expense tracking and inventory management. There is also the ability to manually import data from PayPal, Etsy and Shopify which can be handy if you sell via these channels. For example, QuickBooks can track inventory levels , generate invoices, and help with tax preparation. In addition, QuickBooks integrates with some popular payment processors, making it easy to accept payments and deposit funds into your bank account.

You can get 40% off the subscription fee for the first year on any of the plans, starting at $25/month. For comparison, if you were using the GoDaddy Bookkeeping Essential plan, you should find most of its features in Quickbooks online “Simple start” plan. Each time you receive a payout from a sales channel Link My Books pulls all the data needed to break down all of the transactions that made up the payout. You can also generate profit & loss statements and maintain reports on different types of income, customers, vendors, and other topics involving your business. There are three main pricing tiers for GoDaddy Online Bookkeeping pricing and plans; Get Paid, Essentials, and Premium. The prices shown and discussed reflect the monthly cost when annual billing is chosen.

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At $9.99/month (discounted to $8.34/month if you sign up for a year), you can’t beat the price. This is a “light-weight” service that may work fine for someone doing a part-time business that will just report their business income on a Schedule C attached to their personal tax return. GoDaddy Bookkeeping keeps your invoices organized and offers a monthly time sheet for quick access to easy scheduling and an overview of your workload.

A full-sized business will need accounting items that the GoDaddy software will not give you, like assets and liabilities, a full chart of accounts, etc. You will probably need a more robust accounting system within a year of starting your business, assuming it becomes a viable business. With https://www.good-name.org/how-accounting-services-can-help-real-estate-companies-optimize-their-finances/, you won’t have the financial horsepower to depreciate assets or project growth over a period of years.

Denny, thank you!  I like it.  It took me two days to adjust but I am fine now.  It is easy.

All that said, GoDaddy Bookkeeping hasn’t made significant changes since we last reviewed it in 2019. The first sign that anything was wrong was my local bank stopped syncing data about 4 months ago. The second sign was about a month ago when my Chase (!) credit card stopped syncing, and GoDaddy wrote that it would no longer be able to import data from Chase. This was an ominous sign, since Chase must only be the biggest financial institution in America.

• And please share your suggestions for colleagues about alternative bookkeeping tools that integrate with ecommerce platforms along with the costs of using them.
• I was in a coma and missed the deadline for downloading all my go daddy bookkeeping files.
• This results in software that contains everything a handmade seller needs – with none of the cruft of bigger accounting packages.
• In addition, QuickBooks integrates with some popular payment processors, making it easy to accept payments and deposit funds into your bank account.

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