– QuickBooks Self-Employed Review: Features & Pricing in

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
I may not always have employees and the need for a cumbersome enterprise accounting solution- so something in between this and enterprise would be nice. So quckbooks do you decide which program to use if you want to use QuickBooks Online? Every version of the program includes features that are vital to a healthy and robust business model.
 
 

– Quickbooks self employed desktop app

So what does this mean for your business and your program of choice? The biggest difference will be that using your QuickBooks program will require a subscription fee— which can be paid on either a monthly or an annual basis.

With the transition to an always-online subscription model, you will always have access to the most secure and up-to-date version of your software as long as you are subscribed. There are also new features available starting in A few of these include:.

Another major difference you may notice with QuickBooks Desktop in is that these programs are not compatible with older systems. However, these programs are still available both on Windows and Mac. Some businesses may benefit from QuickBooks Desktop more than others. Those who would benefit most from this line of programs include:.

Every version of the program includes features that are vital to a healthy and robust business model. All business owners can benefit from QuickBooks Desktop reports.

They help you see at a glance how your business is doing. The reporting benefits include the typical profit and loss statement, balance statements, cash flow projections, outstanding invoice reports, and best-selling item reports, to name just a few reports all businesses will benefit from. Beyond the more common reports though, QuickBooks Desktop products track employee information, too. By using the free TSheets by QuickBooks app in conjunction with their QuickBooks Desktop product, businesses can keep track of employee time and employee-related expenses.

If your business employs several employees who perform a lot of project work, this tracking is especially helpful. It gets down to the granular level— if you want to find out how much the business paid for particular employees to work on particular projects, you can!

These programs also help you calculate sales and income tax. Deciding which QuickBooks Desktop version is right for you depends on two main factors— which features you want, and how much money you want to spend on your subscription.

But what if you need to access more features as your business grows? You can also send invoices through the mobile app:. Alternatively, you can set rules to assign and categorize transactions automatically.

Tip: QuickBooks Self-Employed lets you categorize your expenses with a swipe easily. Swipe left to categorize it as business and swipe right for personal. For example, if you pay your personal mortgage or rent from your business checking account, those transactions will be downloaded automatically into QuickBooks Self-Employed with your banking activity.

For other helpful tips, see our top 10 bookkeeping and accounting tips for small businesses :. The QuickBooks Self-Employed mobile app for iPhone and Android allows you to take a picture of a receipt and attach it to a transaction directly from your mobile phone.

Other items featured in the lab include custom color-coded tabs and the ability to import mileage trips from Google. QuickBooks Self-Employed allows you to classify income and expenses using categories that align with the IRS Schedule C, such as utilities, legal fees, and commissions.

Once this information is entered, you can view and print a summary of your taxable income and expenses, which can take some of the guesswork out of filing your taxes. You can transfer all of your Schedule C information automatically into TurboTax to complete your tax return.

You should choose this plan if you prepare your own taxes:. Based on the tax profile that you complete during setup, QuickBooks Self-Employed will project your annual profit, calculate your estimated tax payment, and alert you of tax due dates. This valuable tool helps protect you from an underpayment penalty as a result of not making the required quarterly estimated tax payments. Just be sure to stay up to date on categorizing your transactions and inputting your business income.

While QuickBooks Self-Employed will calculate your quarterly tax liability, the Tax Bundle allows you to pay the quarterly tax online.

It displays six charts that give you an instant view of your financial data. The tabs on the left side of the dashboard make it easy to explore the other features. QuickBooks Self-Employed has limited integrations. The software connects with third-party software programs like PayPal and Etsy.

As a freelancer, you might not have enough time or expertise to execute all your bookkeeping tasks. Boost your productivity with the warehouse and inventory management suite.

Want barcode scanning as well? In addition to Android scanning, the app also offers integrated 2D barcode scanning on select Bluetooth barcode scanners — separate purchase necessary. Only available with the Advanced Inventory module. Developers can show information here about how their app collects and uses your data.

Learn more about data safety No information available. I am no longer able to upload scanned documents. I can upload receipts and bills but the documents don’t show up in my document center. The developer, Intuit Inc. The following data may be used to track you across apps and websites owned by other companies:.

The following data may be collected and linked to your identity:. Privacy practices may vary, for example, based on the features you use or your age. Learn More. App Store Preview.

Description Are you self-employed, a freelancer or an independent contractor? Jun 17, Version 6. We squashed some bugs and made a few improvements behind the scenes. Ratings and Reviews. App Privacy. Information Seller Intuit Inc. Size Category Finance. Compatibility iPhone Requires iOS Languages English. Price Free.