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There are two main accounting software available to small businesses: GoDaddy Bookkeeping and FreshBooks. We’re going to compare all the features, pricing and other factors that make these applications popular with entrepreneurs who are looking for a bookkeeper or accountant.
The “godaddy pricing” is a comparison between the two cloud-based accounting software. FreshBooks has more features, but GoDaddy’s pricing might be better for some users.
Both GoDaddy Bookkeeping and FreshBooks are simple accounting tools aimed at freelancers and contractors, however GoDaddy Bookkeeping is better for online businesses that utilize eBay, Amazon, and Etsy, while FreshBooks is better for hourly freelancers. While both offer many appealing features, the best choice is determined by your accounting requirements.
When Should You Use GoDaddy Bookkeeping Services?
Self-employed persons who sell things on eBay, Etsy, or Amazon will benefit from GoDaddy Bookkeeping. It has built-in capabilities that enable you to figure out how much estimated taxes you owe each quarter. Its interface with eBay, Etsy, Amazon, and PayPal makes it simple for small enterprises and part-time entrepreneurs to integrate their sales on those sites to GoDaddy Bookkeeping. Its limitless invoicing function makes it an excellent alternative for companies who send out a lot of bills.
Because GoDaddy Bookkeeping is not a double-entry accounting system, you won’t be able to manage assets and liabilities or produce a balance sheet for corporations, partnerships, or limited liability businesses (LLCs). Businesses who need time tracking will not be able to do so using GoDaddy Bookkeeping. It also doesn’t have a bill-paying option.
Go to GoDaddy Bookkeeping to learn more.
When Should You Use FreshBooks?
FreshBooks is a good fit for businesses that monitor and invoice hours and want to get online help with their accounting. Because of its great-looking customisable invoices, we include FreshBooks in our list of top small company accounting software and give it the best overall invoicing software. FreshBooks allows accountants, general contractors, self-employed consultants, and other bill-by-the-hour service providers to log their time and instantly add it to invoices. Finally, Bench, an online bookkeeping startup, provides FreshBooks customers with supported bookkeeping services. More information on FreshBooks may be found in our review.
For firms that deal extensively with inventory, FreshBooks is not the greatest option. FreshBooks links with Squarespace, Shopify, and Selz will help ecommerce businesses, but it doesn’t compare to GoDaddy Bookkeeping in this area since it lacks direct connections with Amazon and Etsy, which lets you to examine sales data immediately from the dashboard. FreshBooks and GoDaddy Bookkeeping are likely to be avoided by brick-and-mortar merchants, who should instead use QuickBooks Online, which can handle inventory costs and cost of goods sold (COGS).
Go to FreshBooks.com.
At a Glance: GoDaddy Bookkeeping vs. FreshBooks
Pricing Comparison: GoDaddy Bookkeeping vs. FreshBooks
Both GoDaddy Bookkeeping and FreshBooks provide price options that are tailored to your specific requirements. FreshBooks, on the other hand, lets you to add users for an extra $10 per month, but GoDaddy Bookkeeping is only designed for one user. In contrast to FreshBooks, which bases its price tiers on the number of consumers, GoDaddy Bookkeeping offers unlimited customers. Freshbooks’ Select subscription allows for an unlimited number of billable customers, however bespoke pricing is required.
Pricing for GoDaddy Bookkeeping
GoDaddy Bookkeeping is offered at three distinct price points. Payments are done on a monthly basis, and you may cancel your plan at any moment. You may pay yearly if you like, but there is no reduction compared to the monthly pricing. Although the program does not come with a free trial, GoDaddy Bookkeeping does provide an interactive tour on its website.
- Get Paid: For one user, $4.99 a month
- Essentials costs $9.99 per month for a single user.
- For one user, premium costs $14.99 per month.
If you wish to take payments for your invoices online, you’ll need to use Stripe or PayPal, both of which charge 2.9 percent plus If you want to accept payments online for your invoices, you will need to work with either Stripe or PayPal, which charges 2.9% plus $0.30 per transaction..30 each transaction.
Pricing for GoDaddy Bookkeeping and Tiered Features
Pricing for FreshBooks
The price plans for FreshBooks are dependent on the number of billable customers. If you just invoice a small number of customers, Lite is the perfect option for you. Premium, for example, allows for up to 500 billable clients. If you need more than that, the Select plan, which is available at a bespoke fee, is advised.
- $15 per month for up to five billable clients lite
- Plus, for up to 50 billable customers, you may pay $25 each month.
- $50 per month for up to 500 billable customers.
- Select: For more than 500 customers, custom pricing is available.
Pricing for FreshBooks and Tiered Features
Takeaway: GoDaddy Bookkeeping is much less priced than FreshBooks, but it also has less features.
Features of GoDaddy Bookkeeping vs. FreshBooks
For freelancers, GoDaddy Bookkeeping has a number of enticing features, including the option to estimate quarterly income taxes and produce a Schedule C spreadsheet with tax line assignments. As a result, filing a Schedule C is suitable for sole owners or single-member LLCs. You’ll also receive access to Tax Support, one of the company’s most advanced features, which automatically categorizes transactions into IRS categories to help tax season go as smoothly as possible. It works with Schedule Cs, calculates projected quarterly taxes for independent contractors, and determines how much sales tax you owe.
GoDaddy’s invoicing capabilities are particularly remarkable, allowing you to keep track of your invoices, including when they are seen by customers and when they are paid online. Its Premium version adds the ability to automatically schedule invoices, which isn’t something you’ll find in most entry-level accounting software. GoDaddy lets you link directly to Amazon, eBay, and Etsy to import sales data, which is a huge plus if they account for a significant portion of your revenue. While FreshBooks doesn’t have a direct link to these sites, it does interface with Zapier, an online platform that lets you automate processes by connecting your applications and services. It may take a few more steps to set up, but it will be just as effective.
While GoDaddy Bookkeeping succeeds in providing tools for freelancers, it falls short of FreshBooks in terms of sophisticated capabilities. FreshBooks, for example, lets you balance bank accounts, manage time and allocate it to customers and projects, and collaborate with your team. FreshBooks’ Premium and Select plans employ double-entry accounting and let you generate a chart of accounts as well as perform reports, including a balance sheet. Because GoDaddy Bookkeeping does not keep track of assets and liabilities, it is unable to generate a balance sheet.
Takeaway: GoDaddy Bookkeeping is a fantastic option if you’re a freelancer or online merchant seeking for simple accounting software with ecommerce connectors and tax assistance, including the ability to predict quarterly taxes. FreshBooks, on the other hand, is a better alternative if you want more complex functionality and the flexibility to handle chores like account reconciliation and more powerful time tracking tools.
FreshBooks vs. GoDaddy Bookkeeping: Ease of Use
GoDaddy Accounting and FreshBooks both provide easy interfaces that make it simple for a bookkeeping newbie to get up and running. Although GoDaddy’s dashboard is a little more complex, the user interfaces are straightforward to use and give crucial financial statistics.
Ease of Use with GoDaddy Bookkeeping
The self-employed individual was definitely in mind when GoDaddy Bookkeeping was created. It is written in basic language and follows straightforward methods, making it simple to learn for even the most inexperienced bookkeeper. Its main page provides enough information to determine if you have work to complete at a glance, and from there, you may browse to the appropriate sites. Charts depicting your yearly profit and loss to date, current month’s spending, and open bills are also available. Account balances, as well as your current estimated and sales taxes payable, as well as mileage deductions, are all provided.
GoDaddy Bookkeeping makes it easy to get started and needs very little upfront effort. On its front page, it features a Get Started checklist with ideas such as Link a Bank or Credit Card, Customize Your Reporting Categories, and Start Accepting Payments. GoDaddy will connect to your banking institutions and obtain your most recent transactions after you submit your login details. It retrieves transactions on a regular basis, ensuring that your accounts are always up to date.
Dashboard for GoDaddy Bookkeeping (Source: GoDaddy Bookkeeping)
The GoDaddy Bookkeeping Dashboard is well-designed and provides a fast snapshot of your financial information. The dashboard displays recent activities, such as invoice activity, cash on hand, cash on hand, and taxes, as well as graphs for profit and loss, current month’s timesheet, current month’s spending, and active invoices. Here’s how each piece is broken down:
- You can access information about income, spending, invoices, time, reports, and taxes from the GoDaddy Bookkeeping menu bar. The summary are shown on the Overview tab, as detailed below.
- This week’s addition: A summary of information from your connected accounts, highlighting new sales and uncategorized transactions. You may also add a new account or classify revenue and spending that have been highlighted.
- Invoice Activity: This section contains a list of all open invoices. You may also generate a new invoice from this page.
- I have the following funds: In this area, you may get a summary of each account’s balances.
- Money I Owe: This box is a little perplexing since GoDaddy doesn’t let you input debts until they’ve been paid. We contacted GoDaddy support through chat and phone, but they couldn’t tell us why this feature was on the dashboard.
- Taxes: One of the most useful elements of GoDaddy Bookkeeping, this area provides a rolling count of expected taxes for the current quarter, as well as the due date. It also shows mileage deductions and the current amount of sales tax owing.
- YTD Profit and Loss: A graph of the current year’s profit and loss (P&L) statement can be viewed here. You can also link your bank, credit cards, and seller accounts to obtain your most up-to-date P&L here.
- Monthly Hours: Once you’ve started tracking your time, you’ll be able to see how many hours each customer has accrued. You may also start recording your time right here.
- Open Invoices: This area, like #3, enables you to examine open invoices as well as create a new one.
- Monthly Spending: Here you may see all of your expenses by category and add a new item.
FreshBooks’ User-Friendliness
FreshBooks accounts are easy to set up and need just a few steps. A credit card is not necessary to create a trial account, and the software is well-organized, with everything properly labeled. FreshBooks has a user interface that is easy and straightforward to use, with all of the most regularly used functions conveniently located on the left navigation bar. The reports you’ll find here will assist you in managing your company and making informed choices.
Dashboard for FreshBooks
Here’s a breakdown of the Dashboard for FreshBooks:
- Navigation bar on the left: You’ll be able to see the five reports indicated below if you go to the Dashboard page. Clients, invoices, payments, costs, estimations, time tracking, and payments are all components underneath the Dashboard tab.
- Outstanding Revenue: You may examine past due bills with aging dates in this report.
- Total Profit: View the total profit produced so far this year.
- Revenue Streams: This page has a report that shows client revenue, enabling you to understand where your money is coming from.
- Spending: This report includes a breakdown of your company spending by category.
- Unbilled Time: If you’ve ever wondered how much time has been monitored but not yet billed for a customer, here is where you can find out. This might also act as a reminder to invoice customers on a regular basis.
In FreshBooks, create a new transaction.
The green Initiate New button in the upper right corner of the screen is the easiest method to create a new transaction in FreshBooks.
Takeaway: GoDaddy Bookkeeping and FreshBooks are both simple to use and provide useful reports and summaries, giving you to get a quick overview of your company. GoDaddy Bookkeeping’s Dashboard is more thorough than the other, with more reports accessible.
FreshBooks vs. GoDaddy Bookkeeping: Integrations
GoDaddy Bookkeeping and FreshBooks both have integrations, but FreshBooks offers a lot more. FreshBooks has integrations available not only for ecommerce but also for accounts receivable (A/R), expenses, inventory management, payroll, and time tracking. GoDaddy Bookkeeping’s integrations are primarily focused on ecommerce, whereas FreshBooks has integrations available not only for ecommerce but also for accounts receivable (A/R), expenses, inventory management, payroll, and time tracking.
Integrations with GoDaddy Bookkeeping
You can set up nine automated integration partners with GoDaddy Bookkeeping to effortlessly integrate your sales and other revenue data. It works with the majority of major credit cards as well as a number of ecommerce platforms, including eBay, Harvest, FreshBooks, PayPal, Etsy, Amazon, and Shoeboxed, an expenditure tracker.
Integrations with FreshBooks
FreshBooks features over 70 applications and connectors that are beneficial for both beginner and experienced accounting software users. The following are some of them:
- Fundbox, Roger, and CollBox are among the A/Rs.
- Squarespace, Shopify, Square, Selz, and Magento are all ecommerce platforms.
- Expenses: MMC Receipt, Everlance, and Expensify
- 2Ship and BarCloud for inventory management
- Gusto, PaymentEvolution, and KeyPay are three payroll companies.
- Boomr, Asana, Basecamp, and Everhour are all time tracking apps.
Takeaway: GoDaddy Bookkeeping is confined to a handful of ecommerce applications and an expense tracker, but FreshBooks provides a number of connectors to help with A/R, costs, and inventory management.
FreshBooks vs. GoDaddy Bookkeeping: Mobile App
Both GoDaddy Bookkeeping and FreshBooks include mobile applications with a number of capabilities that enable you to do many of the same things you can do on the internet, such as create and send invoices and monitor mileage. Both programs let you create and view customer records, but FreshBooks takes it a step further by allowing you to see client contact information.
App for GoDaddy Bookkeeping
GoDaddy Bookkeeping includes a mobile app for both Android and iPhones, and both versions have a dashboard that displays account balances as well as other important figures such as profit and loss, estimates, and time. They have a lot of the same features as the browser-based version. You can create and browse client records, examine and utilize categories, and connect to payment processors to make payments while you’re on the move. You can see invoices and estimates you’ve previously produced, and you can also make new ones. You may also manually monitor your miles using the app.
App for FreshBooks on Mobile
Also available for both Androids and iPhones, the App for FreshBooks on Mobile has many of the same capabilities as GoDaddy Bookkeeping, which include creating and sending invoices and tracking your mileage. It also allows you to respond to client questions and feedback directly from the app but doesn’t let you work with projects and reports. FreshBooks’ mileage tracking feature is more sophisticated than GoDaddy Bookkeeping as it allows you to log each trip and also save your travel history automatically. You can classify each trip as business or personal and generate a mileage report which summarizes this information.
Takeaway: Both GoDaddy Bookkeeping and FreshBooks include comprehensive mobile applications as part of their subscription packages. While many of the functions are similar, FreshBooks additionally includes the ability to contact with customers straight from the app. Furthermore, although both programs enable you to manually input your distance, only FreshBooks allows you to monitor mileage using your phone’s GPS.
FreshBooks vs. GoDaddy Bookkeeping: Assisted Bookkeeping Services
Assisted Bookkeeping Services from GoDaddy
Currently, GoDaddy Bookkeeping does not interface with any automated bookkeeping services. You may not require a virtual bookkeeper because of its simple approach and restricted capabilities.
FreshBooks Bookkeeping Services With FreshBooks Bookkeeping Services With FreshBooks Bookkeeping Services With FreshBook
Bench, an online accounting service that serves as a “one-stop-shop” for small companies, interfaces with FreshBooks. Your bookkeeper will arrange your company activities and financial statements once a month. Bench’s staff of bookkeepers also provides limitless bookkeeping assistance and will file your taxes for you, which is included in the fee. For an extra price, they also provide catch-up accounting services.
Takeaway: FreshBooks integrates seamlessly with Bench, which offers monthly virtual accounting services as well as limitless support. Unfortunately, no assisted accounting services are supported by GoDaddy Bookkeeping.
Customer Support: GoDaddy Bookkeeping vs. FreshBooks
Customer service is an important element for small firms that may not be conversant with all parts of their accounting software. Fortunately, GoDaddy Bookkeeping and FreshBooks both provide excellent customer service. FreshBooks and GoDaddy both provide phone help and a contact form on their websites, and although GoDaddy has live chat, FreshBooks includes email support. There’s also a knowledge base with how-to articles and frequently asked questions (FAQs).
Customer Service at GoDaddy Bookkeeping
GoDaddy offers phone service 24 hours a day, seven days a week, including a line for Spanish-speaking customers. You may also file up a support form on the website, and response times are usually rather swift. There’s also a live chat option and a community forum where you can ask other GoDaddy Bookkeeping users for help. How-to articles and solutions to commonly asked questions may be found in the Bookkeeping Help Center. For small business guidance, go to the GoDaddy Blog.
Unfortunately, GoDaddy does not provide particular assistance for its accounting product. We contacted GoDaddy support through chat during the authoring of this post to inquire about the very fundamental topic of whether you may input invoices before paying them. The agent was unable to assist and instead supplied only links to information on the company’s website, as well as a phone number to contact. The GoDaddy customer service representative was a generalist who could answer questions about a variety of GoDaddy products, but he was able to clarify that invoices cannot be submitted until they are paid. He couldn’t explain what the dashboard’s “Money I Owe” was designed to monitor.
Customer Service at FreshBooks
FreshBooks’ limitless customer assistance is one of its most enticing features. Even during the free trial, customers are urged to contact FreshBooks by phone. The toll-free number connects you to a live support representative who is accessible with low wait periods throughout extended work hours. Email, a contact form on the website, and help from inside the program are among the other support methods. A virtual tour and a searchable FAQs page are also available on the website.
Takeaway: When it comes to customer service, FreshBooks comes out on top. While both GoDaddy and FreshBooks provide a variety of customer help options, FreshBooks offers limitless customer service from bookkeeping-focused employees. While GoDaddy representatives are simple to reach, their accounting expertise may be limited due to the fact that they are required to handle a wide range of GoDaddy products.
Conclusion
GoDaddy Bookkeeping’s simplicity may appeal to freelancers who don’t need the extensive capabilities of fully developed accounting software. The software’s Amazon, eBay, and Etsy interfaces make it excellent for online merchants, since it helps them manage their enterprises. Freelance tax help is one of its most useful features for people who wish to remain on top of their taxes.
FreshBooks supports numerous users and offers a more comprehensive accounting solution. FreshBooks can monitor and add time to great-looking invoices, and it includes connectors for things it doesn’t have in-house, such as payroll and inventory management.
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- godaddy vs quickbooks
- best bookkeeping software
