If you want to see what other freelance accounting software options are out there, here are the best accounting options for freelancers. Or, if after reading this review, you realize you may need full accounting software instead, take a look at one of our top small business accounting software picks. QuickBooks Online is a cloud-based software that’s best suited for small to medium businesses. QuickBooks Online supports up to 25 users, boasts advanced features, and has hundreds of integrations. With more features, QBO isn’t quite as easy to learn as QuickBooks Self-Employed. Still, the software is extremely user-friendly and most users only encounter a few navigational difficulties.

• Intuit has implemented this technology well, but it’s not always 100 percent successful.
• For other helpful practices, see our bookkeeping and accounting tips for small businesses.
• Founder and Editor-In-Chief of Ideas Plus Business Magazine, online business resources for entrepreneurs.
• QuickBooks Self-Employed is an online accounting tool specifically for freelancers, solopreneurs, independent contractors and sole proprietors.
• The app uses your phone’s GPS capabilities to automatically track your mileage when you start driving, and it creates a discrete trip when you stop.

It’s important to note that QuickBooks Self-Employed only offers federal quarterly tax estimates. So, if your state collects income tax and requires estimated quarterly payments, then you’ll need to calculate that on your own. Bundle includes the cost for only one state and one federal tax filing.

Combine QuickBooks Online with LiveFlow for the best cloud accounting workflow

Our error free add-on enables you to focus on your work and boost productivity. In case if you have changed your accountant then you can delete the previous person and then add the new one. If you have any client expenses that can be recovered later, such as supplier charges or rental equipment?

If sending basic invoices is all you need, we can recommend plenty of cheaper options. Freelancers Union members get a free basic version, and can save 50% off the regular price of QuickBooks Self-Employed if they’d like the full version for the first 12 months. Plus, you can send your QuickBooks Self-Employed data directly to TurboTax for even faster year-end filing and save up to $120 with special bundle. Schedule C export to TurboTax available only to those who are starting or filing a schedule C with TurboTax for the first time. At each subscription tier, QB Self Employed offers different features.

Tracking mileage

There are several other software solutions on the market that can provide value to freelancers. Furthermore, using Dancing Numbers saves a lot of your time and money which you can otherwise invest in the growth and expansion of your business. It is free from any human errors, works quickbooks self employed bundle automatically, and has a brilliant user-friendly interface and a lot more. First of all, Click the Import available on the Home Screen. For selecting the file, click on “select your file,” Alternatively, you can also click “Browse file” to browse and choose the desired file.

If you don’t have separate accounts, you’ll appreciate the intuitive tools QuickBooks Self-Employed offers, such as tracking, sorting, and categorizing transactions. The other popular version of QuickBooks for small businesses is QuickBooks Online. This is an accounting software package that caters to small businesses and offers more advanced features than QBSE.

QuickBooks Self-Employed At A Glance

You can send invoices, but you can’t customize them, set recurring invoices, or schedule automatic late payment reminders. It keeps a running total of your income and estimated taxes. QuickBooks allows you to access almost all types of accounts, including but not limited to savings account, checking account, credit card accounts, and money market accounts. The plans that you buy have no specific contracts so you can switch or cancel the plan anytime. The cancellation of the plan is effective at the time of the monthly billing period. You are not going to receive any refund in case you cancel your subscription in between.