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Self-Employed Quickbooks: Worth the Cost?

Selfgood team, Marketing at Selfgood

Self-Employed Quickbooks: Would it be Worth Using

Self-employment can be a great way to make money and be in control of your own career, but it also comes with a lot of extra work. One important task that self-employed people need to focus on is bookkeeping tasks. Thankfully, there are many tools out there to help with this, as Quickbooks self-employed. But is it worth it? Let’s take a closer look.

QuickBooks Self-Employed Review: An In-Depth Look

If you’re self-employed, you know that keeping track of your finances can be a daunting task. From remembering to send invoices to managing your taxes, there’s a lot to keep track of. But luckily, there’s QuickBooks Self-Employed. In this review, we’ll take an in-depth look at all the features this accounting software has to offer self-employed individuals.

QuickBooks Self-Employed is an accounting software designed specifically for freelancers, contractors, and other self-employed individuals. It offers features such as simple invoicing, tracking of expenses, estimation of quarterly taxes, including single member LLC entities, sales tax and mileage, and automated tax filings.

How Does QuickBooks Self-Employed Work?

First, you need to sign up for a QuickBooks Self-Employed account. You can do this by going to the QuickBooks website and clicking on the “Sign Up” button. Once you have created your account, you will be asked to connect your bank account so that QuickBooks can import your transactions.

Once your transactions have been imported, you can start categorizing them. This is important because it will help you track your expenses and prepare for tax time. You can order transactions by using the preset categories or by creating your own custom categories.

QuickBooks Self-Employed also offers a mileage tracking feature. This feature uses GPS to track your mileage and automatically records it in the app. This is important because it allows you to deduct your mileage expenses come tax time.

In addition to expense tracking and mileage tracking, QuickBooks Self-Employed also offers simple invoicing. This feature allows you to create and send invoices directly from the app. You can also track when an invoice has been viewed and when a payment has been made.

Invoicing and Receipt Tracking

One of the most important—and often most challenging—aspects of being self-employed is staying on top of your invoicing. QuickBooks Self-Employed makes it easy to create and send professional-looking invoices to your clients and even allows you to set up recurring invoices for those clients who you work with regularly. Plus, with the handy “receipt capture” feature, you can take pictures of your business expenses and have them automatically added to your records. No more lost receipts!


Self-employment taxes can be complex, but QuickBooks Self-Employed has you covered there too. The software provides a quarterly tax estimate so you can plan, and will even file your federal and state taxes for you come tax season. And if you need help understanding your taxes, the QuickBooks Self-Employed support team is always just a phone call or chat away.

QuickBooks Self-Employed is an essential tool for anyone self-employed or running a small business. The invoicing and receipt tracking features make it easy to keep on top of your finances, while the tax estimate and filing feature takes the guesswork out of tax time. Add in great customer support, and QuickBooks Self-Employed is a no-brainer for anyone who needs a little help keeping their finances in order.

Quickbooks Self employed: Key Features

QuickBooks Self-Employed is an accounting software that provides the necessary tools to help you manage your finances. There are many key features of QuickBooks Self-Employed, which include:

1. Automated tax filing:

One of the most important features offered by QuickBooks Self-Employed is its ability to automatically file your taxes. With the help of this feature, you can easily keep track of all your expenses and income throughout the year and file your taxes at the end of each tax season without any hassle.

2. Business expenses tracking:

QuickBooks Self-Employed helps you keep track of all your business-related expenses with ease. The software allows you to organize your business expenses into different categories and it also provides reports that give you an overview of your spending patterns. This can help you manage your finances better and keep track of where your money is going.

3. Income tracking:

Just like QuickBooks Self-Employed helps you organize your business expenses, it also helps you keep track of your income. The software allows you to create reports for all types of income, such as Income, Mileage, and Customer Estimates. You can also create a report on any custom date range that you choose, which makes it easier for you to analyze the performance of your business at any point in time.

4. QuickBooks Self-Employed Connect:

The new QuickBooks Self-Employed Connect feature allows you to connect your bank account and export all your business and personal transactions into your QuickBooks Self-Employed software, which makes it easier for you to manage your finances.

5. Customized tax deduction recommendations:

Your tax deductions play a major role in how much money you have to pay at the end of the tax season. This is why QuickBooks Self-Employed provides you with customized tax deduction recommendations as per your income and expenses, which helps you get a better understanding of what taxes you can claim at the end of the year.

6. Track mileage:

Tracking your mileage is important if you are a self-employed individual because it can help you get additional deductions for the miles that you drive during the year. QuickBooks Self-Employed helps you in business mileage tracking, mileage deductions, and quarterly estimated taxes which is important if you want to maximize your tax savings.

7. Dedicated support:

When you are using QuickBooks Self-Employed, there might be times when you need help. The software comes with a dedicated support team that helps you resolve any issues or questions that you may have. You can simply contact the QuickBooks Self-Employed support team through their website and they will help you get your problems sorted out as soon as possible.

8. Bank reconciliation:

Keeping track of your cash flow is important if you want to manage your finances efficiently. QuickBooks Self-Employed allows you to reconcile your bank accounts in just a few steps so that you can keep track of all the cash coming in and out of your business.

9. Automated invoicing:

QuickBooks Self-Employed offers an easy way for you to create invoices for your customers. The software automatically creates a summary of all the expenses and income that you have incurred throughout the year, which allows you to quickly create invoices for your customers without having to manually type out each invoice.

10. Federal tax filing:

QuickBooks Self-Employed also helps you file your federal taxes. All you have to do is enter your business income and expenses, and the software will automatically create all the forms that you need for filing your taxes.

11. State tax filing:

In addition to federal tax filing, QuickBooks Self-Employed also helps you file your state taxes. The software will generate IRS form 1040ES and Schedule C, which is needed for filing state taxes.

12. E-file:

QuickBooks Self-Employed also helps you e-File your federal and state taxes through a service called Intuit® Tax Online. All you have to do is enter the required information, pay any outstanding tax balance that you owe, and submit the return.

13. Track expenses:

QuickBooks Self-Employed helps you track your business expense easily so that you can save more money when filing your taxes. The software also allows you to categorize and organize your expenses, which makes it easier for you to quickly enter the data into your tax return forms.

14. Schedule C support:

Every year, you need to submit a Schedule C to claim your business deductions under the Self-Employed category. QuickBooks Self-Employed allows you to create and save a copy of your Schedule C so that when it’s time to file taxes, you won’t have any problems doing so.

15. Income tax filing:

As a self-employed individual, you have to file both federal and state income tax returns at the end of the year. QuickBooks Self-Employed allows you to e-file your income tax return easily without having to go through the hassle of submitting physical documents or printing them out. The software will automatically generate all the forms that you need for tax filing, which allows you to get your return ready as soon as possible.

QuickBooks Self Employed vs QuickBooks Online: Which is right for you?

scott-graham-OQMZwNd-ThU-unsplash As a self-employed business owner, you have a lot of things to keep track of. In addition to running your business, you also have to manage your finances. This can be a daunting task, especially if you’re not familiar with accounting software. QuickBooks is one of the most popular accounting software programs on the market, and it offers two versions that are specifically designed for self-employed individuals: QuickBooks Self Employed and QuickBooks Online. So, which one is right for you? Let’s take a closer look at each option to help you decide.

QuickBooks Self Employed

QuickBooks Self-Employed is a cloud-based accounting software program that helps self-employed individuals keep track of their income and expenses. One of the benefits of this software is that it integrates with TurboTax self-employed, so you can easily prepare and file your taxes. QuickBooks Self Employed also has a mileage tracker that allows you to automatically track your business-related mileage for tax purposes. The cost of this software is $15 per month, or $180 per year if you pay upfront.

QuickBooks Online

QuickBooks Online is another cloud-based accounting software program offered by QuickBooks. This program is designed for small businesses and offers features like invoicing, bill tracking, and expense management. QuickBooks Online also integrates with a wide variety of third-party apps, which can be helpful if you need to add additional functionality to the software. The cost of this program starts at $20 per month, although the price goes up as you add more users or features.

Who Needs Quickbooks Self-Employed?

QuickBooks Self-Employed is a unique kind of accounting software. It’s designed specifically for those who work as freelancers, independent contractors, or self-employed individuals. It helps you with managing your expenses, minimize taxes, and make payments on time so that you can better plan your financial future. This service is tailor-made to suit the needs of people who work for themselves, so you can keep accurate track of your finances and avoid getting surprised by a big tax bill at the end of each year.

Why Would Freelancers, Contractors, or Self-employed Individuals Need this Accounting Software?

There are several reasons:

First, QuickBooks Self-Employed makes it easy to track your expenses. You can use the app on your phone or tablet to snap pictures of receipts as you go so that you don’t have to rely on manual records. This helps you avoid any mistakes and ensures that all of your data is accurate and up-to-date.

Second, this service can help you figure out your ideal tax rate for the year. You can use its program to calculate how much you owe and when any payments or taxes are due so that you’re never caught off-guard again!

And finally, QuickBooks Self-Employed helps you with making payments on time. It offers an option to set up automatic bill payments so that you never have to worry about missing a payment again.

If you’re a freelancer or self-employed individual and want to make sure your finances are always organized and under control, the QuickBooks Self-Employed service is the perfect tool for you. It makes tax season simpler and less stressful, so you can focus on your work without worrying about the details.

How to get started with Quickbooks Self employed?

QuickBooks Self Employed is accounting software designed specifically for small business owners and freelance workers. If you’re new to QuickBooks Self Employed, this guide will help you get started with the basics of setting up your account and tracking your income and expenses.

1. Create an account.

You’ll need to provide some basic information about yourself and your business, such as your name, business name, address, and phone number. You’ll also need to create a password.

2. Connect your bank accounts.

QuickBooks Self Employed will use your connected bank account transactions to automatically populate your income and expenses. This makes it easy to track your finances and get a clear picture of where your money is going.

3. Set up bill reminders.

QuickBooks Self Employed can send you reminders when bills are due so you can stay on top of your payments and avoid late fees. To set up bill reminders, click the “Bills” tab and then click “Add a bill.” Enter the details of the bill, including the amount, due date, frequency, and payment method. Click “Save.”

4. Track your mileage.

If you use your vehicle for business purposes, you can track your mileage using QuickBooks Self-Employed. This can be helpful come tax time when you can deduct business-related mileage on your taxes. To track your mileage, click the “Trips” tab and then click ” New Trip.” Enter the starting point, destination, purpose of the trip, and odometer reading. Then click “Save.”

5. Categorize your transactions.

QuickBooks Self-Employed uses a categorization system to track your income and expenses. You can edit transaction details and assign them to different categories so everything is organized and easy to find later on. To categorize a transaction, find it in the list of recent transactions and click “Edit.” Make any changes that are needed and then click “Done.”

6. Run reports.

lukas-blazek-mcSDtbWXUZU-unsplash QuickBooks Self Employed provides several different reports that can help you track your progress, measure performance against goals, and more. To run a report, click the “Reports” tab and then select the report you want to run from the list of options. Enter any relevant information that is needed and then click “Run Report.”

7. Stay organized with folders.

Creating folders is a great way to organize your account so you can easily find what you’re looking for later on. To create a folder, click the “Folders” tab, then click “New Folder .” Enter a name for the folder, then choose which type of data you want to include in it. Click ” Save .”

These seven steps will help you get started with using QuickBooks Self-Employed like a pro! Before long, you’ll be tracking your income, expenses, mileage, bills, and more all in one place. Stay organized, save time, and make better business decisions with QuickBooks Self-Employed.

How Much Does it Cost?

Quickbooks self-employed costs $10 per month. The self-employed tax bundle costs $17 per month and includes QuickBooks self-employed, a federal and state tax bundle, and a year’s worth of self-employment taxes. Quickbooks self-employed gives you the ability to invoice customers, track mileage, and generate quarterly tax reports. The self-employed tax bundle includes everything in Quickbooks self-employed, plus a federal and state tax bundle to help you file your taxes. The self-employment taxes include social security and Medicare taxes.

The benefits of using Quickbooks Self employed

1. Quickbooks Self-Employed makes it easy to manage your business finances and keep track of income and expenses.

2. It helps you stay on top of important tax deadlines and form submissions, so you don’t have to worry about penalties or fines due to missed deadlines.

3. It provides simple, clear reports and data visualizations, so you always know where your business stands and how to improve.

4. It makes it easy to collaborate with your accountant or bookkeeper, reducing the time and effort required to get your books in order each year.

5. It gives you a complete picture of all the income sources relevant to your business, so you can make the most informed decisions about where to focus your efforts.

6. It simplifies tax preparation and filing, saving you valuable time and money each year.

7. It helps you stay compliant with all relevant regulations and requirements, so you don’t have to worry about any costly penalties or fines due to non-compliance.

8. It makes it easy to manage your business finances on the go, eliminating the need to be tied to your desk or office to keep track of your financial information.

9. It provides access to a wide range of useful tools and resources that help you keep your business running smoothly and efficiently.

10. It gives you the peace of mind that comes from knowing your business finances are in good hands, helping you focus on growing and improving your business.

11. It empowers you to take control of your business finances and make more informed decisions about how to run and grow your business.

12. It provides insights into important trends and patterns in your business performance, allowing you to identify areas for improvement and make the most of growth opportunities.

13. It eliminates the hassle and frustration of managing your business finances on your own, saving you both time and energy in the process.

14. It enables you to easily manage multiple businesses or freelancing projects from a single platform, streamlining your workflow and reducing the amount of time spent on accounting and financial management.

15. Overall, using Quickbooks Self-Employed is an excellent way to take control of your business finances, boost productivity, and grow your business in a smart, efficient way.

Tips for getting the most out of Quickbooks Self employed

Here are five tips to get the most out of QuickBooks Self-Employed:

1. Keep track of all your business income or expenses. This includes everything from office supplies to travel expenses. Keeping accurate records of your expenses will save you time and money come tax season.

2. Take advantage of the mileage tracker. The mileage tracker feature can help you keep track of all your business-related travel expenses. This information can be helpful come tax time or if you need to provide proof of business travel for an expense report.

3. Connect your bank accounts and credit cards. This will allow you to see all your business transactions in one place. You can also categorize transactions and create reports to see where your money is going.

4. Send invoices and receive payments online. QuickBooks Self-Employed makes it easy to send invoices and receive payments from clients electronically. This saves you time and money on postage and paper costs.

5. Stay organized with the calendar feature. The built-in calendar feature helps you keep track of important dates, such as when bills are due or when tax deadlines are approaching.

By following these tips, you’ll be able to get the most out of QuickBooks Self-Employed and save yourself time and money.


QuickBooks Self-Employed is a great tool for anyone who is self-employed or has side hustles. It tracks your income and expenses so you can easily see how much money you are making and where you are spending it. The app also categorizes transactions and generates quarterly tax reports, which makes preparing your taxes quick and easy. If you are looking for a simple way to manage your finances, QuickBooks Self-Employed is definitely worth checking out. Be sure to read our other blogs for information on self-employed taxes and how to save money on them.