If you’ve been around for a while, you know I am a huge fan of GoDaddy Bookkeeping. I’ve been using it for five years, and it has helped to preserve both my time and my sanity.
Why do I think it’s so fabulous? Here are the highlights:
It’s straightforward to learn
I’ve kept books in the past for a few small businesses, so I am not intimidated by the thought of using bookkeeping software. But I know that many of my fellow creatives do not enjoy this side of things. I can honestly say that it is the easiest bookkeeping software I’ve used. Right off the top of my head, I could list a dozen maker friends I know who use it and would be lost without it.
It syncs with Etsy
I probably should have listed this first, because it’s the feature I love most. While the actual process of bookkeeping does not fluster me, I can fail at the discipline of keeping current just like the next person. The fact that the program pulls in every single Etsy transaction AND categorizes each part of the income (sales and shipping) as well as each and every fee means that I don’t have to manually enter a single Etsy sale.
I think I just heard you squeal.
And, since I use a PayPal debit card for all of my business expenses and it syncs with GoDaddy Bookkeeping as well, I literally just have to go in about once a month to check and make sure all of my transactions are categorized correctly.
Here’s what Etsy transaction info looks like in the reports, to give you an idea of the breakdown. I have written clarifying notes only next to the line items that relate specifically to information that is imported from Etsy activity. You can click to view the images full-size in a new tab.
It’s easy to see your profit and loss at a glance
At any time, you can view P&L by year, quarter, month, week, or even day, either in chart or table form.
It’s simple to generate forms for tax time
With just a click, you can see an annual summary, print the information you’ll need for your Schedule C, see your estimated taxes, or view the sales tax you’ve collected. You can also go back to see info from previous years. All of these forms can also be downloaded to a CSV.
Your data is secure
GoDaddy uses 256-bit data encryption security, the same as most major U.S. banks.
There’s an app
You can manage income and expenses on the go and even attach receipt photos to your entries!
GoDaddy Bookkeeping has three tiers. I recommend the middle one, Essentials.
Get Paid is too basic for running most businesses, and Premium is really only necessary if you need to be able to send recurring invoices.
While the regular price for renewals is $9.99/month for Essentials, GoDaddy offers a special of 20% off to all new subscribers.
But wait… that’s not all! (Said in my best infomercial voice.)
If you purchase through my affiliate link, you will get an additional 30% off. That comes out to $5.59/mo, which is just over half the price it costs the folks who aren’t new. In fact, the price is so much better that if you can swing it, it’s well worth purchasing multiple years since once you’ve purchased it, you can’t use a coupon again. (Not that it’s ever stopped me from renewing each year. It’s that great!)
Here are all of the accounts you can currently link with GoDaddy Bookkeeping, for your reference.
Do you use GoDaddy Bookkeeping? I’d love to hear about your experience in the comments.