GoDaddy Online Bookkeeping

Vantagens

I can generate reports for by board of directors. I am not an accountant, but I maintain the nonprofit organization books. I keep excellent records, because GoDaddy Bookkeeping system helps me maintain accurate records. I can track volunteers hours, generate invoices, and produce profit and loss statements. I can pull up any information I need by date, expense, income, and so much more.

Desvantagens

The one to two day lag in showing the bank account balance or banking transactions. There are times when by bank account reflects a different balance than my GoDaddy Bookkeeping system. Usually, within two to three days the bank balances match.

Vantagens

I love how easy it is to use this system. I also love the little mini reports it provides and the Schedule C tax stuff it helps me figure out. I like that it has invoicing built in and I can use Stripe and Paypal with it.

Desvantagens

It just organizes your accounting, it doesn't help with budgeting or forecasting. Not bad for the price!

Alternativas consideradas

Razões para escolher o GoDaddy Online Bookkeeping

Software anterior

Razões para mudar para o GoDaddy Online Bookkeeping

Vantagens

Easy to use with no bookkeeping experience/training
Easy to search for all transactions in an expense category or a specific vendor
Easy to change expense category if I realize I miscategorized something
Added several useful functions over the time I used it (split transactions and others I don't recall)

Desvantagens

Depends on importing data from financial institutions but can't do this reliably
Not auditable double-entry
No inventory integration and official answer is "if you need inventory management, you're too big a business for this product"
Can't transition historical data to my new software so I am still paying every month just to maintain access to historical data. (Yes, I can download CSV files, but I can't upload them to the new software and I don't know how to handle the data in a spreadsheet. I should probably pay an accountant to help, except they don't deal with Outright because it is not a professional product, so they probably won't know how to help.)

Alternativas consideradas

Razões para mudar para o GoDaddy Online Bookkeeping

Vantagens

It is very user-friendly: the categories are easy to understand and manipulate. It is also not too expensive, and it is online-based!

Desvantagens

The invoicing system doesn't work as well as other platforms. You have to buy all the features in one package, and it used to be free when just Outright. When Godaddy bought, charging started.

Vantagens

I am a busy entrepreneur that wears many hats including bookkeeping and tax accounting. The flow of transactions from multiple bank accounts to the bookkeeping software makes resolving my books straightforward. I can do my schedule C calculations fairly accurately from the data stored which is a huge time saver.

Desvantagens

Some transactions have to be deleted and reentered such as Square deposits because the software categorizes it as an expense rather than a deposit. Also it does not feed from all banks so if your banker's software is old, Outright will not interface with it. I had to enter all transactions from scratch when my bank's software was being updated.