If you are an Uber driver, independent contractor, or do other types of freelancing work, QuickBooks Self-Employed is designed to make your life a whole lot easier. Tasks Quickstart GuideThe basics of making money performing common tasks. Delivery Quickstart GuideThe basics of delivering food, groceries, and packages. After trying multiple platforms, ZipBooks proves to surpass all expectations. Would recommend a thousand times over because it has been crucial to my business growth. If you’re like most sole proprietors, one of the biggest reasons you traded in your corporate life for self-employment was freedom.

• The transactions tab will show you all of your business income and spending information in a convenient bar graph.
• What’s more, there’s no way to manage contacts or items in QuickBooks Self-Employed, and you can’t send estimates to potential customers.
• Here are some of the QuickBooks Self Employed competitors that are also providing independent-contractor-oriented software solutions, beginning with the #1 product suite for freelancers.
• You can run reports on what matters the most to your business.
• Freelancers Union members get a free basic version, and can save 50% off the regular price of QuickBooks Self-Employed if they’d like the full version for the first 12 months.
• Since you are already familiar with QuickBooks Online, QuickBooks Self-Employed should be very easy for you to use and get used to.

There are not as many add-ons as other popular accounting services. There are many other disadvantages to Quickbooks Self-Employed, which makes it important to know about tools that overcome these cons pretty well.

Can I use QuickBooks without a business?

And because you’re staying within the same product, you won’t need to manually move data when it’s time to upgrade. It can be expanded to showcase a summary of all of your business transactions for the year. Intuit owns QuickBooks, TurboTax, and Mint so it’s super easy to bridge that gap. And it won’t affect your Mint or TurboTax accounts, so you can still use them for your everyday personal finances. • Enable payments and bank transfer services to get paid faster. • Self -employed, freelancer or small business owner – manage finances easily and keep up to date so you do not miss out on any tax deductions.

• To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.
• It takes just a few clicks for you and your client to get on the same page, start a project and even streamline your billing.
• Most people who are self-employed need to complete this form.
• We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities.
• Instead, when you outgrow the service you need to switch solutions.
• Intuit QuickBooks Self-Employed is simple and intuitive enough that you’re unlikely to need assistance.
• Not only that, it also incorporates AI accounting system messages that automatically shifts your businesses expenses into tax deductions.

My overall experience from sign-up, account setup, attempted input of expenses, and the whole cancellation proces was a 0-star rated experience. I was beyond floored, having only had it for 2 weeks, that canceling all of these things and getting a refund has proved impossible for a company so highly rated. I like that I can manage both my personal and self-employed business accounting within a single account. Former bookkeeper with a lot of experience with QuickBooks online, but I always worked under supervision of the CPA and almost never actually prepared taxes, payroll, or quarterlies . Some plans integrate directly with TurboTax for easy federal and state tax filings.

Popular articles for freelancers

I have an e-commerce business with thousands of line items and I had to do it one by one, which ultimately made me want to cancel QB. I didn’t realize how to separate different companies with one QB account.

The most popular choices are quickbooks self employed and Quickbooks Online. QuickBooks Online is overkill for what sole proprietors need and, frankly, it’s not worth the trouble it takes to overcome the learning curve. That’s why most self-employed individuals muddle through with spreadsheets, a folder full of receipts, and a gut feeling about what to set aside for taxes each quarter. If you are a sole proprietor who files a federal tax return with TurboTax, the cost to use their service starts at $119.99. Invoicing templates – Who has time to create every invoice from scratch? Instead, use ZipBooks’ beautiful and easy-to-use templates to send custom invoices in just a few clicks. Find out how to open a business bank account in Hong Kong as a US citizen, as well as an alternative option.