“It’s the first real step we’ve taken beyond what Outright/Godaddy Bookkeeping ever attempted,” Reeth said.

Then, when that item sells, we automatically match it, reduce the inventory, calculate the cost of goods for you, and show you the gross profit on that item sale.” “The key feature is the ability to, when you record your purchased inventory and enter the cost of an item, assign a unique SKU that you also use on eBay, Poshmark, Amazon, etc. At that time, the Online Bookkeeping tool will stop i. After much consideration, weve made the decision to discontinue Online Bookkeeping on June 18, 2022. Online Bookkeeping will retire in 30 days. “This is something we never got to do at Outright and GoDaddy Bookkeeping never attempted,” Reeth said. Just got the following email from GoDaddy.

Over the summer, Seller Ledger also implemented inventory tracking with more detailed cost-of-goods-sold tracking. After GoDaddy pulled the plug on the original tool, Reeth launched Seller Ledger to help sellers who were left in the lurch, as we reported in March. Kevin Reeth cofounded Outright in 2008, which was sold to GoDaddy. Wave Accounting When is GoDaddy Bookkeeping shutting down As of June 18, 2022. Seller Ledger stepped in earlier this year to fill the void left after GoDaddy Bookkeeping abruptly ended its solution in 2022. A solution to help sellers with tax season now supports sellers on Amazon and Poshmark in addition to eBay and Etsy.

Ebay godaddy bookkeeping