QuickBooks Solopreneur

Score6.8 out of 10

16 Reviews and Ratings

What is QuickBooks Solopreneur?

Custom-built for the business of one, QuickBooks Solopreneur features tools to help drive growth and financial stability.

Categories & Use Cases

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Single sign-on capability
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
Category average: 8.5
Dashboards
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
Category average: 8
Bank reconciliation
The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.
Category average: 8.4

Expense management
The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.
Category average: 8.1
Regulations compliance
The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.
Category average: 7.7
Electronic tax filing
The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.
Category average: 7.9

Pros

User-friendly design and intuitive interface for non-accountants
Effective expense categorization and receipt management
Streamlined invoicing and payment collection processes

Cons

Recurring technical glitches and bank account synchronization issues
Limited depth and advanced features in financial reporting
Inconsistent customer support experience, especially for complex issues

J Rio Fultz View profile

CEO in Information Technology at RIO3 Consulting (1-10 employees)

Pros

Mileage tracking.
Solid bookkeeping.
Expense tracking and categorization.
Customer payment flexibility options.

Cons

Receipt capture.
Expense tags for deeper categorization.

Alternatives Considered

FreshBooks, Wave Accounting and Xero

Other Software Used

Anthropic Claude, GitHub, Vercel, Lovable, Vibe, Canva

Verified User

Manager in Manufacturing (1-10 employees)

Use Cases and Deployment Scope

We are a family start-up business that knew little about bookkeeping. QuickBooks was recommended by a fellow business owner as fairly easy to learn and use. We purchased QB, and I learned the basics through tutorials and by asking questions; after a brief period, I was up and running. That is not to say I didn't make mistakes, but they were easy to correct when our accountant found them. After a few months of getting comfortable doing the day-to-day bookkeeping, I was able to teach my husband some basic entries so he could do them in my absence.QuickBooks made it much easier to do our year-end taxes because I could just give him reports to work from rather than all the receipts and invoices we accumulated throughout the year. Now we just give our accountant access into our books and he can look at them quarterly and help us make correction (yes, we still make some mistakes). QuickBooks not only helps us with our taxes, but we can also use it to make budget decisions, price our services to ensure profit, and compare profit and loss over the years. To say Quickbooks has solved many of our problem is an understatement....now we are spending more time providing a service for customers rather than trying to organize our books.

Pros

Helps balance my checkbook.
Tracks my bills and when they are due.
Categorizes my purchases.
Helps me plan a budget.
Shows profit margins.

Cons

Help key have more what ifs to look up.
Default to one account rather than having to look through the list every time you need to do a transaction.

Return on Investment

Can do my own bookkeeping.
Save money on hiring an office person.
Keeps tax info needed at end of year organized.

Usability

Other Software Used

JobBOSS, Smart Search, QuickBooks Desktop Enterprise

Verified User

Analyst in Finance and Accounting (5001-10,000 employees)

Pros

Showing entries which are deleted by mistake
Suggests the perfect match for the transactions which already exists
perfectly sync's all information from bill.com
Will help in extracting various reports, which helps in analysis

Cons

Need to help in fixing sync errors
Need to help in finding GL accounts to which a transaction has been coded, with the help of description.
Need to help in updating all the transactions once clicked on update quickly
It sometimes freezes

Alternatives Considered

QuickBooks Desktop Enterprise and QuickBooks Online

Verified User

Professional (1-10 employees)

Pros

slightly easier to see how much income I have had in the month than with the Self-Employed subscription.
Cheaper

Cons

Resolving their technical glitches
Customer service follow-through
Making it easy to see your income
Having work-arounds when they have technical glitches - for example, just allow me to mark the transaction as paid if you can't link it to the transaction.

Alternatives Considered

Zywave Property and Casualty

Other Software Used

Google Drive

Verified User

Executive in Finance and Accounting (1-10 employees)

Pros

Initial Set-up
Continual Management
Organization
Integration

Cons

Errors seem more prominent than on other versions

Alternatives Considered

QuickBooks Self-Employed (discontinued)

Other Software Used

QuickBooks Online Advanced, OnPay, Microsoft 365 Business Premium, QuickBooks Online, Forwardly, Gusto, Quickbooks Online Payroll, LastPass for Business, Calendly, Dropbox Business, OneDrive, Jotform

FreshBooks

Xero

Catalyst by Zoho

QuickBooks Solopreneur

What is QuickBooks Solopreneur?

Categories & Use Cases

Videos