Automatic Online Bookkeeping for Personal Trainers for less than $10/month.
Taxes, payroll, bookkeeping and accounting. These are definitely a few things that stop people from starting businesses and becoming entrepreneurs. It’s just too difficult and too much to think about. And, if you’re boostrapping, it can be really hard to hire someone to do it. But, this might be one of the best inventions for entrepreneurs ever. And it’s cost effective too.
GoDaddy has an automatic bookkeeping service. If you’ve ever used Mint.com for your personal finances, it works in exactly the same way. Here’s what you do. You simply integrate it with your online business banking and connect your other accounts like Paypal or anywhere else that money might flow in and out of your business.
It will sync easily and you can get an accurate financial picture of what’s going on in your business at any time. It will sync and categorize your expenses. It’s as easy as looking at your online banking screen. You can:
- Accept payments
- Automatically record and categorize sales and expenses
- Create and send invoices
- Run P&L (profit and loss) reports at any time
- Simplify your taxes
Some people are running businesses and not keeping track of any financial transactions. They have no way of knowing where their money is going or what is working. Hopefully, you’re not one of those people. But, even if you are, now there’s no excuse.
I like that it is automated. It’s essentially a robot. It doesn’t forget. It will work 24/7. And is always there when you need it. It’s a LOT of control back in your hands, while saving you time, for only a few dollars a month. It’s pretty hard to beat. I have it working in 2 businesses even with people on staff in these financial roles. If you have been going without recording financial transactions, just do it now. You can set it up in minutes and know the health of your business finances almost instantly. This is easily one of the most useful tools and resources I’ve ever come across for entrepreneurs. Seriously, top 3. It’s a no brainer.
Take a look at the comparison chart below. This isn’t just another form of quickbooks. It’s automatic. It’s done for you. Once you set up the appropriate categories for your income and expenses, it will learn going forward when those transactions occur to categorize them correctly. It will produce a profit and loss (P&L) report for you immediately at any time. No data entry required.