Sole proprietors, on the other hand, should do well with either QuickBooks Online Simple Start or QuickBooks Self-Employed. (Both QuickBooks Simple Start and QuickBooks Self-Employed allow for only one user.) And since QuickBooks’ small business plans allow for multiple users, they also work best for businesses in which multiple people have eyes on the books, like multi-partner LLCs or large corporations with a full accounting department. These more extensive accounting tools are best suited to growing businesses with plenty of bills to manage and projects to track. Batched recurring invoices and bill payments.Bill management, including scheduled payments and fee-free online bill pay. Additional users (up to 25 with QuickBooks Online Advanced).Pricier QuickBooks Online plans add even more analytics and more thorough accounting and bookkeeping features: (The lack of ecommerce integration helps explain why QuickBooks Self-Employed lacks a sales tax tracking feature, but it’s still annoying.) If you sell physical products, you can’t use QuickBooks Self-Employed-at least, not if you want to integrate your bookkeeping software with your sales apps. Pay particular attention to QuickBooks Simple Start’s ecommerce integration. Integration with ecommerce tools like Shopify.Automatic sales tax calculation and tracking.Customized estimates with mobile signature acceptance and invoice conversion.In-depth cash flow tracking, including cash flow forecasting.Whether you’re a freelancer hoping to expand your client base or small-business owner with employees, QuickBooks Online for small businesses has more of the tools you need to actively grow your business.įor ten dollars more than QuickBooks Self-Employed, QuickBooks Simple Start (the most basic QuickBooks small business plan) does everything QuickBooks Self-Employed does, and then some: But if you want to eventually grow your business from a smaller venture into a larger company, potentially one with partners and employees, QuickBooks Online Simple Start will work better. If you want basic help tracking your side gig’s income separately from your personal finances, QuickBooks Self-Employed fits the bill. You can’t track your cash flow at less than an annual level, turn estimates into invoices, or look at big-picture financial reports to trim losses and up profits-and for many freelancers, that’s perfectly fine. What they can’t do is help you grow your business. They’re also ideal for helping you separate business expenses from personal expenses-which is a crucial financial step for every small-business owner, including freelancers working just a few jobs a year. These features can help you track basic income, get paid on time, and make the most of your end-of-year tax deductions. Basic annual reports (like profit and loss statements).In that case, you’ll want QuickBooks Self-Employed, which sticks to bookkeeping basics: If you’re a freelancer who works just a few small jobs a month, QuickBooks Online for small businesses might be too complex for your needs.
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