QuickBooks Self-Employed (discontinued)

Score5.9 out of 10

56 Reviews and Ratings

Community insights

TrustRadius Insights for QuickBooks Self-Employed (discontinued) are summaries of user sentiment data from TrustRadius reviews and, when necessary, third party data sources.

Pros

Time-saving features: Users have praised the ability to create and send invoices, track payments, and connect with business bank accounts for accurate financial data. The convenience of estimating yearly tax liability and accessing self-assessment information is highly valued and saves users a lot of time which they can then allocate to work productivity.

Expense Management Tools: Additionally, users appreciate the efficient expense management tools such as tracking mileage, categorizing expenses, and distinguishing between personal and business transactions for their business needs. These tools have helped create a more collaborative environment for users and have allowed for a more seamless communication process between team members.

Reviews

15 Reviews

QuickBooks is an excellent business addition!

Rating: 10 out of 10

Incentivized

January 3, 2024

Use Cases and Deployment Scope

QuickBooks helps keep my business expenses and income organized. It alleviates having a messy pile of receipts by allowing an electronic storage option. Moreover, it links to various accounts, aiding in the automatic documentation of transactions. The software also allows invoice creation and sending and is a good one-stop accounting platform.

Pros

Keep track of income
Keep track of expenses
Estimate yearly tax liability

Cons

Having a better explanation of filing categories

Likelihood to Recommend

QuickBooks Self-Employed is ideal for freelancers and independent contractors who need a simplified solution to track income and expenses related to their projects. It helps in managing finances efficiently while staying organized. Service-based businesses, such as consultants, designers, or photographers, can benefit from QuickBooks Self-Employed to easily invoice clients, track billable hours, and manage business-related transactions.

Janine Wiggins, MBA

in Professional Services at Resumes By Neen, LLC (1-10 employees)

Vetted Review

3 years of experience

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The Accounting Software for SoleTraders and Small Business Start-ups

Rating: 8 out of 10

Incentivized

May 26, 2021

Use Cases and Deployment Scope

[I] research[ed] accounting software tools suitable for small business and Sole traders 4 years ago. After realising I needed a much faster and convenient way to start filing taxes [recording my expenses], I discovered QuickBooks [...]. I could no longer manage using the old school Excel sheets to manage my business outgoings and sales. I also was looking for a tool that allowed me to stay mobile with access to a mobile app.

Pros

Create, send invoices and track online payments made from to clients on the go.
Connect with your [online] business bank accounts so that it records all [transactions] and expenses making it easy to access accurate and current business data.
Access information for Self-assessment purposes - making it easy and faster to submit your taxes.
[For] those that drive as part of their business, Quickbook allows you to also [record] mileage and snapshot real receipts to save for your records.

Cons

Reconnecting business account - I find it annoying as I find that I have to constantly reconnect QuickBooks with my business account to ensure it keeps my business data correct and update.
The invoice design has its limitations - you can not create invoices on brand due to the basic areas of design.
It's not a scaleable accounting software as it's geared towards small businesses, so at some point, a successful business that is growing will need to find alternative accounting software that meets their medium to large business accounting needs.

Likelihood to Recommend

QuickBooks is a great tool for new SoleTraders that need basic accounting software and require digital invoicing for their clients to send via email and access key features via a mobile app on the go. QuickBooks is a straightforward tool to use with a simple design and learning curve for business owners that are not very tech-savvy.

For businesses that operate on a larger scale and need to provide access to other users on their team, QuickBooks is limited. This type of business may also require more insights into the business outside of accounting, and QuickBooks won't be able to supply insights outside of that.

Ayo Bamgbose, Assoc CIPD, MSc

Online digital business coach in Professional Services at Social Media Design School (1-10 employees)

Vetted Review

3 years of experience

Verified on LinkedIn

Quick books for the Self Employed is a life saver!

Rating: 10 out of 10

Incentivized

May 1, 2021

Use Cases and Deployment Scope

I use it to keep up with finances and expenses for my independent recruiting agency. I do a lot of advertising and marketing and I have a lot of business expenses that I need to keep track of. Quick books for Self Employed is a wonderful tool to use when you run your own business.

Pros

Keeps track of my mileage
Categorizes my expenses
Let's me choice if a transaction was a personal or business transaction

Cons

Syncing the data in real time

Likelihood to Recommend

It is well suited for someone that is self employed and needs to track there spending and expenses. Someone who needs to keep up with the mileage they put on a vehicle. Someone that has needs for generated reports. This would not benefit someone whom is looking for a software for personal finances. Two many features are offered for the self employed vs personal finances.

Shannon Allen

Independent Recruiter in Human Resources at Recruiters@Heart Truck Driving Jobs (1-10 employees)

Vetted Review

4 years of experience

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Accounting Solved for S-corp Business

Rating: 10 out of 10

Incentivized

April 26, 2020

Use Cases and Deployment Scope

I use QuickBooks Self-Employed to log expenses and keep track of invoices. This has helped me drastically reduce time spent during tax season. Also, the invoicing feature is fantastic.

Pros

Logging of expenses
Tracking mileage
Invoicing clients
Providing detailed tax info for you or your accountant.

Cons

Invoicing customization
Client organization

Likelihood to Recommend

This is very well-suited for individuals and organizations who want to clean up their tax preparation. It also helps to keep track of profits and losses, giving you a real-time idea of where your business is headed. This particular version that I'm using wouldn't be well suited for large organizations who would need more control split among team members.

Jonathan Palance

Owner in Marketing at Palance Music and Media (1-10 employees)

Vetted Review

1 year of experience

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Monitor Cash Flow with QuickBooks Self-Employed

Rating: 9 out of 10

Incentivized

February 25, 2020

Use Cases and Deployment Scope

QuickBooks Self-Employed is being used across the entire organization. Mostly, it is used for expense tracking and invoice management. QuickBooks Self-Employed helps keep things organized and allows us to easily send invoices while tracking and receiving payments from clients and outside organizations.

Pros

Easy-to-use.
Great for small and medium-sized businesses.

Cons

Expensive for larger organizations.
Mobile app can be buggy.

Likelihood to Recommend

We have found that QuickBooks Self-Employed is best suited for small and medium-sized businesses who need a solution for money tracking, invoices, and other miscellaneous money-related tasks. Tracking expenses, paying invoices and keeping track of cash flow are all easy to use for solopreneurs and larger business organizations.

Alexa Tsongranis

Founder in Marketing at Allonsy Creative (1-10 employees)

Vetted Review

4 years of experience

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Simple Accounting Solution for my Business

Rating: 9 out of 10

Incentivized

January 23, 2020

Use Cases and Deployment Scope

I use QuickBooks Self-Employed for all of my accounting needs. I am able to track all of my profits and losses through the product, keep track of miles driven, connect my banking account, organize all of my expenses, and even use the product to charge my customers. This is especially helpful as I file my quarterly estimated taxes.

Pros

Syncs to bank to track all expenses and income.
Automatically organizes expenses into predicted categories.

Cons

Wish I could customize the appearance of my invoices.
No place for me to track my hours worked.

Likelihood to Recommend

This is a great product if you are a freelancer of some sort who needs basic accounting software and a user-friendly way to track taxes. Its functions are intuitive and the integrations make it so easy to use. If you need more than a Profit and Loss statement and a basic breakdown of your taxes, then you will need software that provides more robust reports.

Reagan Baird Edwards

Minister, Writer, Speaker, and Life Coach in Professional Services at 34:18 Ministries (1-10 employees)

Vetted Review

2 years of experience

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Honesty QB

Rating: 9 out of 10

Incentivized

January 22, 2020

Use Cases and Deployment Scope

We use it for invoicing, electronic bank account, track payments. It keeps our records organized, it's easy to understand and use and very easy to make corrections.

Pros

Reconciliations.
Track customers.

Cons

Number of records allowed.
Recovery.

Likelihood to Recommend

QuickBooks Self-Employed is well suited for businesses that have to keep track of inventory, charge for services, and create invoices on the fly. Payment received and deposited.

Verified User

Executive in Marketing (1-10 employees)

Vetted Review

9 years of experience

Great for solo practitioner - Simple to use

Rating: 9 out of 10

Incentivized

January 22, 2020

Use Cases and Deployment Scope

I am a sole proprietor of a recruiting firm. This solves 99% of my accounting needs by tracking every transaction from bank, credit card and cash spending, as well as producing invoices and preparing me for year end tax. It integrates with TurboTax, allowing me to simplify my year-end tax reporting. Through a phone app, it tracks mileage as well.

Pros

Tracks mileage through phone app.
Integrates with TurboTax.

Cons

Add easier ability to send out invoices manually.
Ability to track to see if invoice was delivered.

Likelihood to Recommend

Well suited for sole proprietorship (me). Allows me to review each transaction to determine if it is a business or personal transaction. Tracks mileage using GPS through both android and apple IOS phones. Inexpensive solution for accounting purposes. If you have a simple business, don't need to hire an accountant. Generates and tracks invoices well.

Paul Lipman

Headhunter / Managing Director - IT Infrastructure Solutions and Services in Sales at Technology Search Consultants, Inc. (1-10 employees)

Vetted Review

2 years of experience

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QuickBooks - Quick to book your next vacation!

Rating: 9 out of 10

Incentivized

December 3, 2019

Use Cases and Deployment Scope

QuickBooks Self-Employed is a software program that is used by a lot of our 1099 insurance agents to keep track of expenses and other financial aspects of their jobs. It is beneficial for them to have everything in one place for tax time and for personal audits.

Pros

Collaboration with TurboTax for tax submission.
Linking to accounts to ensure all purchases are included.
Allows for shortcuts for recurring expenses.

Cons

Doesn't explain how taxes are calculated for newcomers.
Sometimes automatically moves transactions to a different category.

Likelihood to Recommend

Their mobile app is what I used more than anything, and it's very easily navigated. It brings up all of your transactions from bank accounts and cards linked, so you're able to categorize them accordingly. The same with trips in your car - allowing for mileage to be counted. It would be good for users who are 1099 looking to have a good grasp of their credits and debits, as well as for tax time preparation as everything is already in one place.

Paige Allar

Insurance Agent at Sihle Insurance Group (51-200 employees)

Vetted Review

1 year of experience

QuickBooks Self-Employed is a Must Have for Small Businesses

Rating: 10 out of 10

Incentivized

January 14, 2019

Use Cases and Deployment Scope

I currently run all of our business expenses and income through QuickBooks. The simple app on my phone allows me to swipe business and personal expenses, keeping all our finances separate and accounted for. Additionally, I can run invoices and reporting through QuickBooks which allows me to keep my clients on track with their monthly retainers.

Pros

Tracking expenses is as simple as swiping left and right, it couldn't be easier.
Running invoices through QuickBooks is simple and effective.
Allowing clients to pay by card or check allows you to get paid faster and give the clients multiple ways of paying invoices, which helps everyone.
Automatically tracking estimated quarterly taxes is very helpful and it keeps it top-of mind for each month.

Cons

Automatic mileage tracking used to work a lot better than it currently does. I got a new phone, and now I have to manually input call tracking, because it just doesn't work anymore.
When creating invoices, there should be a way to import data into an invoices from Excel, which would make the invoicing a lot faster. Additionally, being able to press ENTER to save a line item on an invoice would be nice. Currently it doesn't work that way.
Editing invoices shouldn't require sending a reminder.

Likelihood to Recommend

Absolutely a must-have for small business owners. It connects to all your personal and business banking and credit accounts to keep your business and personal expenses separate. The design of the phone app makes tracking your expenses a little fun, honestly. The online desktop dashboard allows for enhanced features which helps you invoice and track client spends.

Aaron Metzger

Founder in Marketing at CATAPULT.digital (1-10 employees)

Vetted Review

2 years of experience

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