If you're a freelancer or Solopreneur Quickbooks for Self-Employed is a must.
March 08, 2017

If you're a freelancer or Solopreneur Quickbooks for Self-Employed is a must.

Lawson Brooks III | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with QuickBooks Self-Employed

I use Quickbooks self-employed (QBSE) to track all of my daily expenses and categorize them as either business, personal or excluded expenses. QBSE does a great job in allowing me to not only follow my spending, but it provides me a quarterly tally of my estimated taxes which I can pay directly online. The software also allows me to generate quarterly or annual profit and loss reports as well as accumulate all of my tax information which I can migrate seamlessly to TurboTax.
  • The expense tracking feature is outstanding. I'm prompted to reconcile new transactions whether on my laptop or my phone and can delineate them with the touch of a button.
  • The ability to monitor and pay my quarterly estimated taxes is huge and by using this feature the tax headaches that many freelancers experience are taken care of.
  • The linking to TurboTax makes doing one's taxes a very manageable endeavor.
  • There are a number of unnecessary and ongoing prompts to do small tasks, like creating a rule for certain transactions. I could do without those.
  • There are also occasional glitches with bank setup that produce duplicate transactions which can be a pain to deal with. I also haven't been able to find a way to effectively edit transactions.
  • I also wish that QBSE integrated with software like Freshbooks, TripIt and Expensify.
  • The positive ROI for me has been seamless tax preparation
  • Accurate tax payment estimates
  • Ability to track spending in an orderly manner
I selected QBSE because no other system fit my needs as a freelancer and as of now, I've not become aware of a program like this that I would opt out for.
QBSE is ideally suited for the freelancer and not so much for companies.

QuickBooks Self-Employed Feature Ratings

Accounts payable
8
Accounts receivable
8
Cash management
9
Bank reconciliation
8
Expense management
9
Time tracking
6
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
9
Self-service portal
9
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
Manufacturing module
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
9
Standard reports
9
Custom reports
7
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
9