GoDaddy Bookkeeping is a bookkeeping tool that helps "the smallest of the small" business owners -- sole proprietors and single-person LLCs -- maximize their business deductions for the Schedule C. We are tailored for product-based business owners who sell online.
GoDaddy Bookkeeping generates a variety of Reports that can be broken down into daily, weekly, monthly or yearly details: "Profit & Loss", "Your Spending", "Income by Type," "Sales by State" and also creates a Schedule C Worksheet.
You can connect multiple banks, credit cards, and credit unions (we support automatic import for over 3,800 institutions!), as well as a variety of eCommerce accounts such as eBay, PayPal, Etsy, Harvest, Shoeboxed and Freshbooks to generate real-time data. In other words, if you have 4 credit cards, a PayPal account, and a main bank account for your business needs, GoDaddy Bookkeeping pulls the data from all 6 institutions, does the math, and produces one number as an overall metric for how well you're doing.
Another one of GoDaddy Bookkeeping's strengths is automatic categorization; that is, you need only once classify your Post Office purchase as "Shipping Expense" and from then on GoDaddy Bookkeeping will automatically categorize future purchases made at that post office as "Shipping Expense". This category will automatically fill in on your Schedule C Worksheet.