Tools for Freelancers, Creators, & One-Person Businesses

Both QuickBooks Online and QuickBooks Self-Employed are monthly subscription packages from Intuit that let you track your expenses and send invoices to clients—but the similarities end there. Generally, QuickBooks Online is designed for small businesses with numerous employees, clients and vendors, while QuickBooks Self-Employed is tailored to freelancers and solopreneurs. The recognition comes as QuickBooks launches its Memorial Day Sale, offering 90% off for the first three months across its primary subscription plans. The promotion runs from May 13 to June 30, providing cost-conscious business owners a timely opportunity to access the software’s features at a fraction of its regular price. While QuickBooks Self-Employed and FreshBooks are both paid subscription services, Wave Accounting offers a free invoicing and accounting tool. If you are only looking for a tool to generate and send invoices and keep track of basic accounting, Wave might be the best option.

Keeper Tax: Pros

• You realize we can’t log in, so we can’t contact support, right?
• Ask any and every tax question to Keeper and get fast, expert help.
• While those who have an existing QBSE account, the one-year free filing with Turbo Tax is no longer available.
• It helps you keep track of your income, expenses, and taxes in a simple way.
• Find more freedom and stability with a family of tools designed for self-employed businesses.
• But QuickBooks Self-Employed lacks FreshBooks’ customized invoicing and Zoho Books’ client collaboration features while costing as much or more than most alternatives.

You can even take photos of your receipts to match them to existing expenses. No need to manually calculate mileage deductions for every work-related trip. QuickBooks Solopreneur will automatically do the math for you using the current IRS mileage rate. Just opt into mileage tracking via the app to automatically log all of your car travel.

QuickBooks Checking features

QuickBooks Self-Employed is designed to make tax season less stressful by providing tools that help users stay organized and informed. We can automatically switch your subscription and move most of your data to QuickBooks Solopreneurso you can continue to run your business as usual. See Switch from QuickBooks Self-Employed to QuickBooks Solopreneur for more info. If you previously downloaded the QuickBooks Self-Employed mobile app in the Android or iOS app stores, you’ll continue to have access to the app from those respective stores. Learn more about the QuickBooks Self-Employed mobile app availability.

Can I track my mileage with QuickBooks Self-Employed?

You can automatically or manually migrate data from QuickBooks Self-Employed to QuickBooks Solopreneur. All the right tools to help your solo business succeed moving forward. You can request a callback anytime when you need a little extra help. Keeping your personal and business finances separate is a smart idea to maintain accurate records, understand your business’ financial health, and make informed decisions. Topical articles and news from top pros and Intuit product experts. Relevant resources to unearned revenue help start, run, and grow your business.

And don’t worry, we’ll also show you how to create an invoice on different devices. After linking your bank to QuickBooks, it’s important to accept the consent of the connection. If you don’t, the bank will temporarily disconnect the bank feed, and automatic transaction downloads will stop.

Invoices that do more than get you paid

You’d think so, but frankly, QuickBooks Self-Employed doesn’t have enough features to justify its high cost. And that’s just talking about the basic Self-Employed plan, not the higher-priced tax bundles, which—for most businesses, anyway—aren’t worth the price. It provides access to other QuickBooks tools and services, including QuickBooks Payments, QuickBooks Checking, and more.

This gives you an easy way to send your Schedule C data to TurboTax so you can file your taxes. Take control of your business finances with QuickBooks Sole Trader. It’s no frills self-employed
accounting software that keeps things simple. QuickBooks Self-Employed might not be the best choice for an LLC because it lacks important features you might need, including profit and loss reports and 1099 contractor payments. However, it all Partnership Accounting depends on the needs of your business and may be sufficient for single-member LLCs.

QuickBooks Online vs. QuickBooks Self-Employed

• QuickBooks Self-Employed is a handy tool designed for freelancers and independent workers.
• The key to controlling your stock levels is fine tuning your purchasing volume with the sales trend and forecast data available to you.
• No matter your industry, build your brand and get money faster with the help of our free invoice templates.
• With QuickBooks Online plans, you have access to expert guidance, and can even integrate a Mailchimp account for simplified marketing.
• Then we learn and personalize your category recommendations for you, so you’ll always be in control of how you track your business and personal spending.

Coming soon, customers quickbooks self employed will also be able to collaborate more easily with their accountants. QuickBooks Online offers a more scalable, albeit more expensive, option to QuickBooks Solopreneur. Its least expensive option (the Simple Start plan) starts at $35 per month for essentially the same features as the self-employed version. But unlike the Solopreneur option, QuickBooks Online lets you seamlessly upgrade from Simple Start to the Essentials plan (and beyond) as your business grows. Upgrading to Essentials lets you add users, create more robust reports and integrate with QuickBooks Time to simplify time tracking.