Get any-time access to balance sheets, cash flow statements, profit and loss statements, tax and GST information, and other customisable financial reports. Organise your finances in one secure, automatically backed up place and work anytime from any device. QuickBooks Self-Employed is best suited for freelancers, solopreneurs and consultants who want an easy-to-use online accounting tool to keep track of their business’s finances. QuickBooks Self-Employed is a handy tool designed for freelancers and independent workers.

QuickBooks Online vs. QuickBooks Self-Employed: At a Glance

However, its missing features—such Catch Up Bookkeeping as the lack of a balance sheet, limited customization, and the absence of receipt capture—may make it unsuitable for businesses with more advanced needs. QuickBooks Solopreneur introduces sales tax tracking, allowing solopreneurs to calculate, collect, and report sales tax on transactions. Intuit owns both QuickBooks and TurboTax, so both plans add TurboTax access to your existing Self-Employed features. The Live plan also gives you live tax support from QuickBooks accountants. Like all QuickBooks products (at least, all of its cloud-based accounting products), QuickBooks Self-Employed also wins big for user friendliness. And the software’s learning curve is low enough that you should quickly get the hang of importing bank transactions and sending invoices.

• Reviews for QuickBooks products are always a mixed bag, but the overall consensus is generally pretty positive.
• Intuit QuickBooks Self-Employed doesn’t offer much invoicing functionality, but you can send very simple invoices to customers and receive their payments online.
• You have to manually calculate any sales taxes due and, worse, include them as line items.
• Like other Intuit applications, the user experience is exceptional.
• QuickBooks Self-Employed is tailored for freelancers and self-employed individuals seeking simple expense tracking, invoicing, and tax preparation tools.
• QuickBooks Solopreneur is designed for one-person businesses who may use 1099 contractors.
• Solopreneur is intended only for one-person businesses looking to organize and grow their business.

See how other Solopreneurs are managing their businesses

It comes with in-depth reports, including a company snapshot, sales reports and profit and loss reports. Once you’ve decided QuickBooks is the accounting solution quickbooks self employed login for your business, you have a few more decisions to make—namely, should you use QuickBooks Online or Self-Employed? We think Online is better for small businesses and Self-Employed is better for freelancers, but it all depends on your needs. Learn more in this QuickBooks Online vs. QuickBooks Self-Employed review.

Say goodbye to manual data entry with smart automation

• Intuit QuickBooks Self-Employed uses OCR technology to extract the data from photos of receipts you’ve snapped on your smartphone.
• If you require more control over your financial data, consider my Profit & Loss Template for a customizable and cost-effective alternative.
• There’s an Intuit QuickBooks Self-Employed app for both Android and iOS, so no matter which platform you’re on, you can do your books on the go.
• Still, there is other software out there that can perform just as well—and in many cases, at a lower cost.
• If you were you planning to use TurboTax to file end-of-year taxes, the QuickBooks Self-Employed Tax Bundle will save you about $50 on TurboTax’s services, which typically start at $180 for freelancers.
• Not only can quickbooks track your expenses, manage your income and help you get paid, we also make it simple to manage your incoming and outgoing GST.
• Make the switch from your old accounting software in less than 72 hours.

Still, the software is extremely user-friendly and most users only encounter a few navigational difficulties. QuickBooks Solopreneur is tax software with a handful of accounting features designed for freelancers, independent contractors, and other self-employed individuals. Terms and conditions, features, support, pricing, and service options subject to change without notice. We think QuickBooks is the best accounting software for sole traders and so do millions of customers world wide. QuickBooks allows sole traders to stay on top of their finances and access their books on the go.

• Connect to eCommerce, payment and inventory management apps to streamline the way you do business.
• QuickBooks Solopreneur (formerly Self-Employed) is an accounting software product designed to help freelancers and sole proprietors keep tabs on income, expenses and tax obligations.
• QuickBooks Self-Employed is designed for freelancers and independent contractors, while QuickBooks Online is a comprehensive accounting solution for small businesses.
• And if you need some extra help, our support team is here for you every day of the week.
• As is typical of Intuit products, both QuickBooks Self-Employed and QuickBooks Online have higher starting prices than most other freelance and small-business accounting plans on the market.
• At Business.org, our research is meant to offer general product and service recommendations.

First of all, QuickBooks Self-Employed includes built-in mileage tracking—a crucial feature if you plan to include business travel as a tax write-off. Unless you’re already planning to use TurboTax to file during tax season, we don’t recommend either of the QuickBooks Self-Employed tax bundles. The extra tax features aren’t worth an entire $25 a month—especially when you don’t get any extra accounting and bookkeeping features along with the increased price. If you want more features at a cheaper price, we recommend Wave (which is free) or Xero (which is $12 a month). QuickBooks Solopreneur is a new and improved offering that helps address challenges faced by many self-employed businesses.

• If you are registered for Quebec Sales Tax (QST) and need to track QST, and/or require payroll, QuickBooks Online EasyStart may be right for you.
• It has more accounting features that help you track your profit and loss, find new ways to grow your business, and collaborate with extra users.
• But if you want even more tax help, you can sign up for the Self-Employed Tax Bundle plan ($25 per month) or the Self-Employed Live Tax Bundle plan ($35 per month).
• You can use QuickBooks for your home or personal expenses, such as managing groceries and other home bills.
• It sends you notifications when product levels are low and also lets you track the gross cost of goods.
• Some users report issues with missed trips and inaccurate mileage tracking, so keep tabs on your trip log to ensure precise records.

With features like automatic mileage tracking and the ability to categorize expenses, it simplifies the accounting process. However, it does have some limitations, such as the lack of support for e-commerce and advanced reporting. If you’re a freelancer who needs straightforward contribution margin accounting tools and tax support, this software can be very helpful. But if your business grows or you need more complex features, you might want to consider upgrading to QuickBooks Online.