10 Best Mobile Bookkeeping Apps for Android & iPhone SMBs Accounting

The site also contains generic contact templates that you can use for anyone. These contain fields for a name and physical/mailing address, email address, phone number, and business type. After you enter your login credentials for your financial institutions, GoDaddy makes a connection and downloads your most recent transactions.

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. GoDaddy Bookkeeping is an accounting software designed specifically for ecommerce businesses.

Data Entry and Workflows

Users can reconcile accounts with a few clicks once transactions are imported. By reducing data entry and removals, bank feeds save significant time and lower the risk of human error from manual work. The process is optimized for e-commerce sellers, with specific prompts for entering sales tax IDs, configuring sales tax collection, and mapping payment processor transaction feeds.

The dashboard provides an at-a-glance view of key financial metrics like profits, sales volumes, top products, and budget vs. actual expenses. The navigation menu is clear and intuitive, with modules for banking/transactions, billing/invoicing, financial reporting, account reconciliation, and taxes. GoDaddy Bookkeeping provides separate tools for time tracking instead of designating services as different types of items, like Wave does. It lets you create individual time entries and view them on calendars.

Key Advantages

Effectively manage your expenses by utilizing GoDaddy Bookkeeping’s budgeting features. Set financial goals, track your spending, and receive alerts when you approach or exceed budget limits. This proactive approach to expense management empowers you to make informed financial decisions. Learn how to create professional-looking invoices with GoDaddy Bookkeeping’s user-friendly tools. Track payments and set up automatic reminders for overdue invoices, ensuring that you maintain a healthy cash flow for your business. To embark on your financial management journey with GoDaddy Bookkeeping, start by creating an account.

Talking of payments, GoDaddy lets you accept payments via PayPal, Stripe and Dwolla, which is more gateways than some rivals allow. Users can also set up notifications for when certain thresholds are exceeded, such as cash balances dropping below a target level. Automated alerts act as an early warning system for potential issues. Overall, scheduled financial reports and notifications remove the need for manual monitoring while increasing financial visibility.

Mastering eBay Bookkeeping: A Step-by-Step Guide on How to Do Bookkeeping for eBay Sellers

While Less Accounting offers the most variety when it comes to reporting, GoDaddy does not have a bad selection of reporting templates. Support is available through the ‘Help & Community’ tab at the top right of the screen. From here, users can choose to scroll through previously asked questions or they can submit a request of their own. GoDaddy is best known as a reliable and affordable domain name provider. What most people don’t realize is that they also offer a way to balance the books. Finally, as we’ve alluded to already in this GoDaddy Bookkeeping review, another of the most notable drawbacks of this platform is that—on the whole—it’s very limited in its functionality.

As you know your business best, only you can decide which bookkeeping or accounting software will fulfill your needs. Finally, for a GoDaddy Bookkeeping alternative that offers affordability, time tracking tools, and extended bookkeeping and accounting features, you might look into Zoho Books. GoDaddy Bookkeeping provides a straightforward, easy-to-use solution for basic bookkeeping and accounting needs of small e-commerce businesses. Overall, GoDaddy Bookkeeping simplifies e-commerce accounting considerably through automation and integration with minimal ongoing effort.

It can be overwhelming trying to keep up with accounting, bookkeeping, and reporting needs on your own. When you’re in the dashboard on the Android version, the plus sign in the upper right opens links to adding only expenses, godaddy bookkeeping app income, and mileage. Once you’re in other areas of the app (like Invoices and Expenses), the plus sign opens a blank data entry screen. Another link in the upper right accessible from any page opens your settings.

• This ensures accounting records stay current without any extra effort.
• If this sounds like the type of platform that you need, you might consider a simple and affordable bookkeeping system, like GoDaddy Bookkeeping.
• What most people don’t realize is that they also offer a way to balance the books.
• We believe everyone should be able to make financial decisions with confidence.