FAQs

  1. What is GoDaddy Online Bookkeeping?
  2. How do I setup GoDaddy Online Bookkeeping?
  3. Which of my business accounts will GoDaddy work with?
  4. What about cash transactions and mileage? Can I enter those into Online Bookkeeping?
  5. Is GoDaddy Online Bookkeeping secure?
  6. How is GoDaddy Online Bookkeeping different than Quickbooks?
  7. How does GoDaddy help me prepare for tax time?
  8. Does GoDaddy Online Bookkeeping have a mobile application?

What is GoDaddy Online Bookkeeping?

GoDaddy Online Bookkeeping is online accounting software for small businesses. It automatically imports your sales and expense transactions from your business accounts (bank, credit card, PayPal, eBay, Amazon, Etsy) each night through a secure, read-only connection and categorizes your transactions into IRS-approved categories. It gives you easy-to-read reports, a profit-and-loss statement and more so you can see how your business is doing.

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How do I setup GoDaddy Online Bookkeeping?

After signing up, you're prompted to connect your online accounts to GoDaddy Online Bookkeeping through a secure, read-only connection. GoDaddy Online Bookkeeping then downloads your transaction history, categorizes your transactions and shows you how your business is performing. That's it! Best of all, GoDaddy Online Bookkeeping will continue to import your transactions on a nightly basis so that you're always up-to-date and on top of your business.

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Which of my business accounts will GoDaddy work with?

GoDaddy works with thousands of banks and credit unions, as well as PayPal, eBay, Amazon and Etsy.

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What about cash transactions and mileage? Can I enter those into Online Bookkeeping?

Yes! GoDaddy Online Bookkeeping lets you manually enter both cash transactions and mileage, so you can track them in the same place as everything else. Our free iPhone app lets you enter these transactions on the go, and it automatically syncs with your online accounts.

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Is GoDaddy Online Bookkeeping secure?

Absolutely. At GoDaddy, we take security seriously. We use industry-standard 256-bit SSL encryption to ensure your data is securely blocked from hackers and viruses. Also, we link to your accounts using a read-only connection. This means we cannot make changes to your accounts.

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How is GoDaddy Online Bookkeeping different than Quickbooks?

GoDaddy Online Bookkeeping is very different from QuickBooks accounting software. QuickBooks is a double-entry accounting program that requires accounting knowledge and extensive set up with a Chart of Accounts. GoDaddy Online Bookkeeping requires no accounting knowledge and there is no software to set up. We only give you the basics you need to run and manage your business - no feature bloat here! GoDaddy Online Bookkeeping is designed with the sole proprietor and LLC business in mind. If you're a corporation or larger small business with multiple employees, you might consider a system like QuickBooks. But if you're a smaller business wanting to see where your finances stand and be ready for taxes, you're in the right place with GoDaddy Online Bookkeeping.

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How does GoDaddy help me prepare for tax time?

GoDaddy Online Bookkeeping is designed with the sole proprietor or LLC in mind. It automatically categorizes your transactions into IRS tax categories, so that you have a Schedule C worksheet ready to go at tax time - just hand it to your accountant or plug the numbers into your tax software.

GoDaddy Online Bookkeeping also tracks your estimated tax payments due and sales tax collected. If you receive a Form 1099-K, we'll help you understand how it impacts your taxes.

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Does GoDaddy Online Bookkeeping have a mobile application?

Yes. Our iPhone app lets you enter transactions on the go and it automatically syncs with your web app so you're always up to date.

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For more help please visit http://help.bookkeeping.godaddy.com