It even allows you to create 1099s for the contractors you may be working with.Īs your business grows and you need to add employees, timesheets, track inventory, or manage & pay bills, then you can upgrade to the Plus version. The Simple Start level gives you a lot of the features that a solopreneur needs. As you see in the video, there are three levels of product features.Īfter working with 1000’s of clients, I can verify that the most popular version is the “Plus.” However, what’s great about Quickbooks is that it can grow with your business. If you’re NOT a freelancer or an independent contractor, then you need to go with Quickbooks Online. Quickbooks Online for Your Business Finances Including what level of product that’s right for you. Those that have products for sale, employees, or sell their services outside of the independent contractor relationship.īe sure to watch this week’s video, because it will walk you through the features and pricing of Quickbooks Self Employed and Quickbooks Online. This version is not a good option for small businesses. If you’re in the service industry where your customers treat you like a “1099” employee, then Quickbooks Self Employed is an option for you. It’s perfect if you’re a gig worker with Uber, DoorDash, Shipt, or any of the other apps out there. Quickbooks Self Employed is for freelancers and independent contractors. Please don’t get swayed by the lower cost. This Quickbooks product looks enticing, but it’s designed for specific types of businesses. Is Quickbooks Self Employed Right For You? However, there’s another option that isn’t as obvious on their homepage. Most business owners are familiar with Quickbooks and they automatically think of the one type of product. But when you look at the broad product choices the first decision you need to make is: Quickbooks Self Employed or Quickbooks Online. Quickbooks offers several layers of products. Then you’ll be ready to choose how you will track all the details in your finances. This short free course will answer the Who, What, When, Where, and Why of Bookkeeping. In a little over an hour, you’ll gain clarity on the finance side of your business. If you’re a complete novice in the subject, take a moment and register for The Steadfast Method FREE Bookkeeping Course. As well as the tax and recordkeeping requirements. To make the best choice in accounting and bookkeeping software for your business, it’s important that you understand some of the basics of bookkeeping. Does Small Business Bookkeeping Confuse You? Let’s look at their two most popular online-based bookkeeping products and hopefully ease the overwhelm you may be feeling about your business bookkeeping. But, I personally, love Quickbooks products when it comes to tracking your business finances. Most of your options are great and they all offer all of the features you need. The most popular choices are Quickbooks Self Employed and Quickbooks Online. With so many choices in accounting and bookkeeping software, it can be confusing which one is right for you.
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