GoDaddy Bookkeeping vs. LessAccounting

Perfect for US market but not transferable to UK market, needs some upgrades for this. Even when set up with a UK address it won't allow changes in tax year end, presuming that tax year starts Jan - Dec. Also shows dollars instead of pounds even though figures were correct with solution.

Incentivized

If you are an entrepreneur and you want to focus on building your business, start with Less Accounting. It's a full-blown accounting system that has a simple implementation and it can connect to your financial accounts to automate many parts of the business. Our 1st four years of business, we worked without a bookkeeper at all due to the level of automation.

It is not limited in any regard and is not simply for invoicing or tracking hours, it more or less does everything. Perhaps one area that it wouldn't be ideal is for firms that need to have more rigid accounting, with charts of accounts etc for industries that are audited or highly regulated.

Incentivized

• Invoicing and linking payments to them.
• Creating estimates for my clients.
• Making tax time easier with easy P and L statements and categorization of expenses.

• Categorize Expenses Automatically
• Profit and loss Statements
• Interfaces with Credit Union

Incentivized

• More complex tax prep features
• Better filters for tax purposes
• More tools for tax returns

Incentivized

• With the flexibility comes room for folks not adhering to specific accounts. There is no numeric chart of accounts so at times you will see 2 line items for a single item. We tend to overcome this limitation with extensive tagging.
• Invoices and sales orders don't have an obvious way to assign credit to specific salespeople or consultants. We reached out to LA and they have shown us a different way to do this which we'll try soon.
• The visual interface can use some sprucing up. It's easy to navigate but I believe the navigation can be slightly improved. I do find myself hitting the back button to get into other parts of the app.

Incentivized

It works, it keeps our historical data and is easy to use

Incentivized

Loses marks on the tax year only being Jan - Dec and inability to change that to a UK format and choose your year end date.

Incentivized

I already use GoDaddy for a lot of my website clients so tried the bookkeeping out and really liked it! I tried a few others but nothing worth the price difference. I have tried a few other time trackers as I wish I could live track my time vs entering a little a time.

I had been with QuickBooks for a few years (unwillingly) at the behest of accountants. It took me a while to realize there were other options out there and I needed to begin a hunt to find them. I found LessAccounting. While it's not the most appealing software, it sure helped me see the breakdown of things and allowed me to reconcile my books without feeling like I needed a degree in Accounting.

Incentivized

• Low monthly cost compared to other accounting software
• Easy to use and learn with
• Gives me the basic numbers I need for book keeping and taxes for a small business

Incentivized

• + Less time worrying about my accounting
• + actually reconciling my books at the end of each month or quarter
• + being able to access my P+L anytime!

Incentivized