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QuickBooks Self-Employed

QuickBooks Self-Employed

Overview

Recent Reviews

Honesty QB

9 out of 10
January 22, 2020
Incentivized
We use it for invoicing, electronic bank account, track payments. It keeps our records organized, it's easy to understand and use and very …
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Popular Features

View all 44 features
  • Electronic tax filing (13)
    10.0
    100%
  • Standard reports (14)
    10.0
    100%
  • Dashboards (12)
    10.0
    100%
  • Expense management (14)
    10.0
    100%

Reviewer Pros & Cons

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Pricing

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N/A
Unavailable

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Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Alternatives Pricing

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Xero is an online accounting software product for small businesses and personal finance. Its features beyond general ledger and double-bookkeeping include quotable invoicing, bank reconciliation, purchase order and expense management, and tax management. Third party apps can extend its features…

What is FreshBooks?

FreshBooks is an accounting service for small businesses. The solution enables users to send and manage invoices, track billable time and collect online payments. The vendor’s value proposition this that their solution provides a straightforward service that simplifies the billing process.

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Product Demos

QuickBooks Self-Employed | Is it right for you?

YouTube
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Features

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

7.8
Avg 7.5

Customization

This addresses a company’s ability to configure the software to fit its specific use case and workflow.

10
Avg 7.0

Security

This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.

10
Avg 7.9

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

10
Avg 7.6

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

10
Avg 7.4

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

10
Avg 7.0

Order Management

The ability to process orders, and track them from quote to cash.

10
Avg 7.4
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Product Details

What is QuickBooks Self-Employed?

QuickBooks Self-Employed Video

Track Expenses Effortlessly - With QuickBooks Self-Employed

QuickBooks Self-Employed Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
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Comparisons

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Reviews and Ratings

(51)

Attribute Ratings

Reviews

(1-2 of 2)
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Ayo Bamgbose, Assoc CIPD, MSc | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
[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.
  • 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.
  • 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.
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.
General Ledger and Configurable Accounting (13)
76.15384615384615%
7.6
Accounts payable
90%
9.0
Accounts receivable
80%
8.0
Cash management
N/A
N/A
Bank reconciliation
80%
8.0
Expense management
70%
7.0
Time tracking
70%
7.0
Regulations compliance
90%
9.0
Electronic tax filing
100%
10.0
Intercompany Accounting
90%
9.0
Journals and Reconciliations
80%
8.0
Configurable Accounting
80%
8.0
Centralized Rules Framework
80%
8.0
Standardized Processes
80%
8.0
Inventory Management (4)
N/A
N/A
Inventory tracking
N/A
N/A
Automatic reordering
N/A
N/A
Location management
N/A
N/A
Manufacturing module
N/A
N/A
Order Management (4)
75%
7.5
Pricing
70%
7.0
Order entry
80%
8.0
Credit card processing
80%
8.0
End-to-end order visibility
70%
7.0
Payroll Management (2)
80%
8.0
Direct deposit files
80%
8.0
Reimbursement management
80%
8.0
Reporting & Analytics (3)
63.33333333333333%
6.3
Dashboards
70%
7.0
Standard reports
70%
7.0
Custom reports
50%
5.0
Customization (2)
70%
7.0
API for custom integration
70%
7.0
Plug-ins
70%
7.0
Security (2)
70%
7.0
Role-based user permissions
60%
6.0
Single sign-on capability
80%
8.0
  • Save on time - QuickBooks, once all up and running and integrated with your business account, is it much easier to access the information required to submit Self-assessment taxes
  • No Accountant required - with its ease of use and management, there is no need to pay for an accountant as you can manage it yourself.
  • Affordable - the monthly cost and initial QuickBooks offer for new users make it cost-effective and long-term, will not break the bank.
One of the key things that QuickBooks does well is making it so easy to get started, set, and use the basic features to manage your online business. The desktop version makes it easier to get a lot more done, such as creating business categories and connecting your bank account. I have recommended QuickBooks to others, knowing they will not face any extreme difficulties using accounting software for their small business.
I have never faced any difficulties that required me to contact QuickBooks customer service. QuickBooks has plenty of online tutorials, blog posts, and helpful tips and advice for almost any issues you may face using the desktop or app version of the software. Even if you can not find the right answer on the QuickBooks webpages, there are loads of YouTube videos from experts.
Shannon Allen | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
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.
  • Keeps track of my mileage
  • Categorizes my expenses
  • Let's me choice if a transaction was a personal or business transaction
  • Syncing the data in real time
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.
General Ledger and Configurable Accounting (18)
61.66666666666667%
6.2
Accounts payable
90%
9.0
Accounts receivable
90%
9.0
Cash management
90%
9.0
Bank reconciliation
90%
9.0
Expense management
90%
9.0
Time tracking
90%
9.0
Fixed asset management
N/A
N/A
Multi-division support
N/A
N/A
Regulations compliance
N/A
N/A
Electronic tax filing
100%
10.0
Self-service portal
70%
7.0
Intercompany Accounting
N/A
N/A
Localizations
100%
10.0
Journals and Reconciliations
100%
10.0
Enterprise Accounting
N/A
N/A
Configurable Accounting
100%
10.0
Centralized Rules Framework
N/A
N/A
Standardized Processes
100%
10.0
Inventory Management (4)
N/A
N/A
Inventory tracking
N/A
N/A
Automatic reordering
N/A
N/A
Location management
N/A
N/A
Manufacturing module
N/A
N/A
Order Management (7)
N/A
N/A
Pricing
N/A
N/A
Order entry
N/A
N/A
Credit card processing
N/A
N/A
Cost of goods sold
N/A
N/A
Order Orchestration
N/A
N/A
End-to-end order visibility
N/A
N/A
Order exception Resolution
N/A
N/A
Payroll Management (5)
N/A
N/A
Pay calculation
N/A
N/A
Benefit plan administration
N/A
N/A
Direct deposit files
N/A
N/A
Salary revision and increment management
N/A
N/A
Reimbursement management
N/A
N/A
Reporting & Analytics (3)
66.66666666666667%
6.7
Dashboards
100%
10.0
Standard reports
100%
10.0
Custom reports
N/A
N/A
Customization (2)
50%
5.0
API for custom integration
100%
10.0
Plug-ins
N/A
N/A
Security (2)
100%
10.0
Role-based user permissions
100%
10.0
Single sign-on capability
100%
10.0
  • Return on Investment positively
  • Tax Audits - This saved my life!
  • Mileage records
Microsoft Teams, Microsoft 365 (formerly Office 365), Adobe Acrobat Reader DC
I have been using this software for several years now and it has always put out my data in beautiful generated reports that I can use for verification purposes with my financial institute and the IRS. It has all the tools I need to run my business without loosing track of anything.
Honestly it was so easy setting things up with this software that I've never even had to use their support team.
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