I use an integrated group of small business apps for my businesses, Writing It Right For You and Detroit Ink Publishing. GoDaddy Online Bookkeeping is one of them; this app was formerly Outright Accounting and is targeted to freelancers, solo practitioners, and sellers at sites such as eBay and Etsy.
GoDaddy bought the independent Outright Accounting app in July 2012, and in September 2013, the app was renamed GoDaddy Online Bookkeeping. Many people weren’t comfortable with the GoDaddy branding and unsubscribed to the app. GoDaddy has been my hosting company for several years, and I haven’t had any major problems, so the switch didn’t bother me.
GoDaddy Online Bookkeeping is a cloud-based basic accounting, invoicing, and tax application. It is not meant to be a replacement for a full-featured dual-entry accounting program, but at less than $10/month, it meets the needs of many very small business owners. No more saving receipts to track sales and expenses, no more spreadsheet data entry, and no more tax preparation headaches.
GoDaddy Online Bookkeeping keeps your sales, expenses, and tax data stored online instead of your computer; eliminating worry about losing data should your computer crash. The easy to understand-nothing to download application uses an email and password only requirement to organize, track, and report all your business finances so you can focus on what you do well to propel your business. By connecting all your business accounts to GoDaddy Online Bookkeeping, the application extracts sales and expense data and imports new transactions nightly so when your day is started, you’ll see the most current profit and loss activity on charts and graphs that make sense to you.
Perhaps the biggest advantage of using GoDaddy Online Bookkeeping, and one of my favorite features is how it auto-prepares forms for tax filing and alerts you to tax deadlines. It’ll categorize data from your accounts and automatically complete the Schedule C Worksheet for Form 1044 so you can print and give to your accountant.
GoDaddy Online Bookkeeping tracks sales and tax data and calculates the amount of taxes owed to your state government. And for e-commerce sellers, GoDaddy Online Bookkeeping helps interpret the new Form 1099-K, Payment Card and Third Party Network Transactions.
GoDaddy Online Bookkeeping uses Secure Sockets Layer (SSL) encryption protocols to secure Internet communications, McAfee antivirus and computer security software to protect your computer from viruses and malicious software, and has a TRUSTe certification mark; the highest Internet private policy certification.
You’ll go from dreading the financial end of your business to desiring to keep up with it, from procrastinating on accounting tasks to discovering it takes less time than you thought. It’s a bookkeeping solution that’s outright liberating – allowing you to refocus on matters that make you smile.
Learn More: http://outright.com/learn-more/