Godaddy Bookkeeping going away June 18th 2022

[Mississippi Pickers]

I have been using this service for years and am now looking for a cheap alternative. I do not want to pay $25 a month if there is something cheaper than quickbooks available. Any suggestions appreciated.

Thanks!
Tony

[Jay]

Wave is free: https://www.waveapps.com/accounting

But it can have its own quirks.

[Mississippi Pickers]

Thanks jay, I just need something really basic for now, I just took a look at the Wave page, it looks like what need so will give that a go unless someone knows something better. I was paying just under $11 a month for Godaddy, I can’t believe they are doing this in the middle of the year.

[Retro Treasures WV]

Unless I am missing something, Wave does not integrate ebay transactions.

[banjomoon]

I’m wondering if anyone uses Reseller Genie? They are integrated with ebay and other platforms. http://www.myresellergenie.com/

 

[Mississippi Pickers]

@Retro Treasures WV you are correct, that does seem to be the case unfortunately.

@banjomoon Thanks, I may be the first 🙂

[quadrille]

I just looked at reseller genie I am not sure how to add your bank account, I don’t want to do this manually I need it to be automatic like godaddy.  I am not in the business of accounting this is why I have an accountant.  Godaddy sucks for doing this

[Mississippi Pickers]

@quadrille I liked godaddy because I could just print off my schedule c and hand it to my cpa and everything was done automatically without too much time on my part. I just want something like godaddy that works and doesn’t cost too much.

[quadrille]

I agree I am not in the business of accounting

[Lukastreasure]

This is frustrating.  I still haven’t received any notification from them that the service is expiring.  I’m not thrilled with the idea of going to QuickBooks as my experience with their consumer product was pretty awful.  I may give QuickBooks a try while the discount is in place.

[Mississippi Pickers]

@lukastreasuretrove here is a copy of the letter they sent me.

Online Bookkeeping will retire in 30 days.

After much consideration, we’ve made the decision to discontinue Online Bookkeeping on June 23, 2022. At that time, the Online Bookkeeping tool will stop importing transactions from your connected channels and your existing data will be archived. To provide you with the best possible experience going forward, we’ve partnered with Intuit to offer you a special discount on QuickBooks Online.

You have until September 30 to download your Online Bookkeeping content. You can either move your data to QuickBooks using our migration tool or export your .csv file and import it to another accounting platform. You’ll receive a prorated return for any time remaining on your term.

We appreciate your business and are here to help make your transition as smooth as possible.

 

[Lukastreasure]

Thanks for sharing the note.

I went ahead and signed up for Quickbooks at the lowest level and started the migration process.  I’ll let you all know how it goes.

[Sharyn]

I also received the email and will have to figure something out. I did do some quick research at one time, but didn’t come up with anything conclusive. There is QuickBooks, but there is also Quicken. I heard that you can no longer buy it as a stand-alone product. It is now similar to QuickBooks and requires a subscription. Is this true?

[debitendcredits]

Just a heads up – switching to Quickbooks (especially if you are mid range seller with of high volume of transactions) is NOT easy.  It’s an entirely new work flow, and takes a lot of set up in order to work properly.

I am still wading my way through the transition.  I decided it wasn’t worth my time to mess around, and paid Quickbooks a flat $500.00 fee  for their live book keeping department to import all my data since Jan 1st.

I plan on then paying $200.00 a month for the live bookkeeping service until I get a handle on managing the work flow myself.  It’s expensive, but Quickbooks is the industry standard and book keeping for business is all they do.  Once I fully understand how to use the product, I’ll drop back down to the 20 bucks per month and manage myself.

I find eBay’s glib attitude towards their data exporting to be frustrating.  I have 20 years plus experience in accounting and I can say with confidence that their data exporting, is not easy.  It’s a data salad that has to be waded through.

I’ll keep ya’ll posted on the progress…

 

 

[Mississippi Pickers]

My Reseller Genie http://www.myresellergenie.com/

looks like its going to be the best fit for me right now, they don’t yet offer a pre-filled out schedule C like godaddy had but it pretty much does everything else I need and they are still working on it to bring in new features that people are asking for.

If anyone has anything better please let us know.

Quickbooks is a bit of overkill for me and the learning curve and price is just a bit more than i want.

Thanks everyone

[Sharyn]

Their price is also $20/month if you want them to pull down your eBay sales.

[Sharyn]

And it doesn’t say anything about Etsy.

The price would come to $240 a year, which is over $100 more expensive than GoDaddy Bookkeeping.

[quadrille]

So I looked around and found a lot of these programs don’t import either bank info or eBay info so I am not interested in messing around and using a 3rd party plugin and having it stop working a few months from now.  I called QuickBooks because godaddy had a discount, this link did not work and I was on a call with them for over 2 hours and they could not figure it out. So I am not sure where to go

[Mississippi Pickers]

I don’t understand why godaddy didn’t just sell the service rather than shutting it down, just doesn’t make any sense at all.

@sharyn your correct, my reseller genie is more expensive than godaddy if you want complete automation and it doesn’t pull bank info yet so there is that.

@quadrille I don’t think there is a good answer for that right now for any of us. we all just get kicked in the head.

for those of us who aren’t big sellers, there doesn’t seem to be a great solution yet.

 

[IndySales]

GoDaddy was convenient, but frequently made mistakes:

• In 2020 it started missing FedEx labels, and in 2021 mislabeled credits as additional expenses rather than income. I’m not convinced these were ever fixed properly.
• A few months ago I realized some sales weren’t reported, but GoDaddy claimed it had pulled the latest data from eBay. I later found it was adding a few hours onto the timestamp of each transaction, rolling some off to the next day.
• The team working on it has been aware of technical issues in the past, but required you to call in and have them apply the fix (see: FedEx labels) instead of just applying the fix to every account. This signals to me that they weren’t confident in the software and didn’t want to risk hosing a bunch of accounts at once if their “fix” didn’t work.

I guess for most of us the numbers reported by GoDaddy were “close enough” to use for tax purposes, but it still worried me a great deal that it had so many weird quirks. Seeing the price of the competition, I guess you get what you pay for.

Moving forward, I’ll be using eBay’s own reports and my usual financial tracking/budgeting software to track business expenses that aren’t in the eBay reports. Like everyone else, there doesn’t seem to be a good, general-use tool for grabbing bank transactions, so I’ve been doing it manually. I’ll miss GoDaddy’s automation, but not having to spend a week at the end of each year trying to track down all the stuff it goofed up won’t be.

[Lukastreasure]

I’ve been slogging through Quickbooks to try and migrate over.  A word of caution: GoDaddy has provided a migration tool that supposedly migrates your data over to QuickBooks.  I gave the tool a shot and I’m sorry I did.  It imported a lot of confusing data that doesn’t make sense in quickbooks.  Somehow it is showing that I have $140,000 in one account???  I wish. I’m very hesitant to pay the $500 for help, but not sure I can figure out how to clean the data, otherwise.

I may still just clear it out and start from scratch.  I’ve downloaded all my GoDaddy data into spreadsheets for reference.  I foresee a very confusing tax reconciliation next year. Ugh.

Good luck.

[Zach]

I switched to Wave Accounting. I’m importing the data from my bank accounts and credit cards automatically. For each payout that goes into my account from eBay and Etsy, I’m labeling that amount as my sales. Then, I’m classifying any expenses that happen outside eBay/Etsy.

Basically, I’m ignoring the detailed breakdown of sales and fee types that eBay provides and just recording the net income from eBay for tax purposes. I’m not sure the additional data is worth the headache/expense of importing it. I talked to my tax accountant and he thought this solution would be fine.

[Sharyn]

Let me see if I understand this. You have a bank account where eBay & Etsy sends your money. This is your profit after all the shipping and fees are taken out. Then, you manually put in your expenses like you would in GoDaddy, things like mileage, COGS, cost of boxes and tape, and so on.

If so, this could work for me. I use a personal credit card for my business expenses, so I would only pull in my bank account information and do the rest manually.

[Zach]

@Sharyn

Yep, that’s what I’m doing.

[Cheryl – The Lynn Company]

I’m with you guys!  After giving QuickBooks more time than I wanted, I switched to Wave.  It’s free. Much easier to navigate too.

I downloaded all my godaddy CVS files from previous years as a back up and saved in my Google Files.  Going forward, I will manually enter end of month total for sales, total fees and total shipping fees from eBay and Etsy.

I also Set up eBay and Etsy to send me monthly reports and will save them as backup in case I ever need to prove what I’ve sold.

I didn’t even connect a bank account this time since I use my personal account for deposits and expenses.  I’ll just manually enter the expenses and save receipts.

I’m going simple this time.  Basically those are the items I recorded in GoDaddy.

Wave will also let me print profit and loss reports.  I did not see a place to print a schedule C, but my accountant should be able to pull the information from  the Profit and Loss report I hope:).  When I went back and looked at the info my accountant used from my year end reports, the fees were never broken down but lumped together in a category called fees.

I’m not a large online seller.  While this works for me, I know it might not work for all.

[BrianB]

The eBay Payments >> Reports >> Transaction Report is useless. I generated the report 5.5 hours ago. The download link appears, but when I click on the download link it does nothing. Does this report (a month’s worh of data) take several hours to generate?

[IndySales]

I do nightly reports. I’ve had problems maybe once or twice in the last 6 months. Most I’ve ever waited was 5 minutes, even for months worth of data. I’d wager something is wrong with your browser. Try another.

[Cheryl – The Lynn Company]

My downloads appear in minutes.

[Author]

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