QuickBooks Self-Employed vs QuickBooks Small Business 2023

The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. However, if you are running payroll for more people than yourself, I’d definitely take into consideration that QuickBooks Self-Employed doesn’t offer payroll support.

QuickBooks includes a wide variety of reports that vary depending on your plan. It has several invoice templates and lets you generate invoices. The invoice generator has a number of customizations Quickbooks Self Employed Version including your logo, the font and font size, accent color, and which pre-built template you prefer. If you didn’t set up your Tax Profile initially, click the gear icon, then Tax profile to do so.

Income & Expense Tracking

When most people refer to QuickBooks, they are talking about QuickBooks Online or QuickBooks Desktop. QuickBooks Online is a cloud-based accounting solution for small and medium businesses, while QuickBooks Desktop is a locally-installed option. QuickBooks Self-Employed is designed for freelancers and has fewer features and integrations. However, for a product that claims to be a tax solution for the self-employed, QuickBooks Self-Employed doesn’t fully live up to its name.

We don’t guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. Read https://online-accounting.net/ through our list of QuickBooks alternatives, most of which have a cheaper starting price and can work for freelancers and midsize business owners alike.

QuickBooks Self Employed Is Good For

Quickbooks Online and self-employed options are meant for small business owners. One of the advantages of QuickBooks Mac Plus is that it is straightforward to use. Ease of use is a significant advantage if you are unacquainted with accounting software. If you’re NOT a freelancer or an independent contractor, then you need to go with Quickbooks Online. As you see in the video, there are three levels of product features.

Our expert industry analysis and practical solutions help you make better buying decisions and get more from technology. One advantage of using an Intuit solution, though, is that you can upgrade to an application that’s more sophisticated while staying in the same product family. The next step up from Intuit QuickBooks Self-Employed is Intuit QuickBooks Online, which is our Editors’ Choice winner for small business accounting again this year. It offers much more in every possible way, while maintaining the same exceptional user experience found in its more junior version. When you click on Quarterly, you see your quarterly tax schedule for the current year, with figures for both recommended payments and what you have already paid. If you have used Intuit QuickBooks Self-Employed in previous years, then you can view your historical data on this same page.