QuickBooks Self-Employed

Quickbooks Self-Employed 2020 is cloud-based accounting software that is used to manage the income, sales receipt, etc. It includes the feature of invoicing, tax calculation, and an automatic mileage tracker. Quickbooks self-employed is best for freelancers and independent contractors as it comes in affordable ranges from $15 to $35 per month. It provides various pricing plans like self-employed, self-employed tax bundle, self-employed live tax bundle. Quickbooks self-employed 2020 integrates with some of the software like Square, PayPal, TurboTax, Quickbooks Online Accountant, and more. And it also provides the mobile app facility and you can download it from Google Play and App Store.

We know that keeping written records of transactions, bills, invoices, etc daily can be both times consuming and tiring for an individual. Moreover, there are times when these records could end up showing inaccurate data, which is not good for business. So, here a solution for that and all the information you need to use it.

What does a QB Self-Employed offer?

The accounting software comes with the combination of tax software with cloud-based basic accounting benefits which are proved to be very beneficial for the freelancers. Get QuickBooks support for your QuickBooks Self-Employed software. QuickBooks can easily be synced with your desktop PC, laptop, smartphone, and tablet. Thus, it keeps you up-to-date in your professional life and helps in growing productivity. Take a look at some of the Characteristics of QB Self-Employed:

  • Send due notifications and monitor open invoices.
  • Send and track simple direct invoices.
  • Automatically import transactions from your bank account, PayPal, credit cards, debit cards, etc to other business and personal expenses.
  • Enable online payments to get payments from your business invoices.
  • Sort transactions automatically into tax categories.
  • Take snapshots of receipts and link them to expenses.
  • With your phone GPS track mile.
  • Calculate quarterly taxes automatically, receive automatic reminders of tax due dates.
  • Organize income and expenses for instant tax filing.
  • Maximize Schedule C deductions by sorting transactions, tracking miles, and storing receipts.

Quickbooks for Self-Employed features

Here are some key features of the software which will make more informed about QB self-employed –

Track your mileage Automatically:

Whether you are doing part-time driving, full-time driving or occasionally making deliveries, mileage can be one of the largest tax deductions as a self-employed worker. If you drive for business purposes then you can easily deduct the cost of mileage or actual vehicle expenses. You can download the mileage tracker app by QuickBooks Self-Employed on your Android and ios Phone. It keeps all the track records of your start and stops locations for all of your trips automatically. It has many benefits such as-

  • Track mileage automatically:-With the help of QuickBooks, Self-Employed Customers log on average $7,393 in mileage deductions.
  • Automatic GPS Tracking System:-With the help of an automatic GPS Tracking system, you can easily trace your location by turning on the GPS systems in your Phone. It is easier than doing nothing.
  • Organize Expenses:-The app helps to categorize individual trips easily so you can easily accurately rack up potential tax deduction.
  • No Drainage on the battery:-With the help of patented technology, your GPS will work only when you are moving- so you get reliable data and information without draining your battery.
  • Maximize Deductions:-Mileage data is now logged accurately and automatically in your devices. It drives up potential deduction by making every mile count.
  • Connect your Bank and Credit Card Accounts:

With the help of QuickBooks Self Employed app, you can easily download your bank and credit card transactions into your device. You can categorize each transaction to the appropriate account to complete your Schedule C for future reference.

Separate Business and Personal Expenses:

It is easy to separate your business and personal expenses by categorizing your business and personal expenses during the bank account setup. If you link your personal and business funds the outcomes might not come in favor of you. This application separates both of them for you.

Helps in the creation of Tax Payments Due Date Reminder:

The tax profile that you complete during setup based on that QuickBooks Self-Employed will project your annual profit. It provides alerts for all tax due dates with the estimated tax payment recommendations.

Attach a receipt to your every transaction:

The QuickBooks Self Employed app allows you to take a picture of a receipt and attach it to each of your transactions directly from your mobile. This saves your time in the long run.

Files both federal and State Taxes:

Both federal and state tax return filing for free. However, it currently can’t handle state quarterly estimates or Tax payments.

Access Real-time data:

When you open the homepage of QuickBooks Self-Employed, there is a dashboard where you can see the most up to date information which is as follows:-

  • Profit and Loss: You can view total income and expenses in this section for any timeframe which is specified by you, such as this month, last month, this year, or last year.
  • Expenses: You can view all your total expenses in this section for the timeframe specified by you, such as this month, last month, this year, this week, etc.
  • Accounts: You can view the current balance of all bank/credit card accounts connected to QuickBooks Self-Employed.
  • Invoices: All your current account receivable balances are view in this section.
  • Mileage: You can view the total mileage which is being recorded using the QuickBooks Self-Employed mileage tracker app.
  • Estimated Taxes: Helps in Reviewing the estimation taxes that you owe, based on an automatic calculation performed by Quickbooks Self-Employed from the income and expenses you have recorded.

Run financial Reports Quickly:

There are three types of records which you can download easily and also you can mail them the accountants for Profit and Loss statement, Tax details, Tax summary.

Can manage everything in one place:

Get a complete real-time view of a business. Manage your taxes, pay your staff, send invoices, and sort bills and expenses automatically all under one roof.

Quickbooks Self-Employed cost:

You can get 30 days free trial or flat 50% OFF for 3 months if you purchase now. QuickBooks Self-Employed usually comes in three-wide varieties where you can choose your plans according to your needs. Flexible plans for independent freelancers and customers are as follows-

  • QuickBooks Self-Employed
  • QB Self-Employed Tax Bundle
  • QuickBooks Self-Employed Live Tax Bundle

Self Employed

The pricing plan ranges up to $15 per month. In this you will be provided with:

  • Separate business and personal expenses.
  • Automatic mileage tracking
  • Send invoices on the go.
  • Maximize your Schedule C deductions.
  • Quarterly estimated taxes calculated automatically.

Self Employed Tax Bundle

The pricing plan ranges from $25 per month. In this you will be provided  with:

  • Separate business and personal expenses.
  • Automatic mileage tracking.
  • Send invoices on the go.
  • Maximize your Schedule C deductions.
  • Quarterly estimated taxes calculated automatically.
  • Pay quarterly estimated taxes online directly from Quickbooks.
  • Easily transfer information to TurboTax.
  • One state and one federal tax return filing included in this bundle.

Self Employed Live Tax Bundle

The pricing plan ranges from $35 per month. In this you will be provided with:

  • Separate business and personal expenses.
  • Automatic mileage tracking.
  • Send invoices on the go.
  • Maximize your Schedule C deductions.
  • Quarterly estimated taxes calculated automatically.
  • Pay quarterly estimated taxes online directly from Quickbooks.
  • Easily transfer information to TurboTax.
  • One state and one federal tax return filing included in this bundle.
  • Talk to real CPAs when you need them.
  • Get unlimited help and advice all year.
  • Have a CPA do a final review of your return.

QuickBooks for Self-Employed Reviews 

For some customers, this application is best for them. Every application comes with its pros and cons and the same is with QuickBooks Self-Employed. It is a user-friendly application that can easily track mileage and expenses using the mobile app. As it is designed especially for freelancers, independent contractors, and other self-employed entrepreneurs. So, it has every feature which is essential for them available at an affordable price and turns out to be the best option for them.

Whereas some customers don’t like that it is missing some of the essential features that you would expect in accounting software. Like the ability to create recurring transactions, track A/P, and paying employees and contractors. And it’s very hard to migrate to another accounting software if it doesn’t work out, even if you’re just migrating to a new or different QuickBooks account or option. You have to use a separate tool for Time tracking as it doesn’t offer you one.

QuickBooks Support Service

Business grows rapidly as time changes, hence resulting in a competition in the market. QuickBooks acts as a backbone for running a successful business. Equipped with many advanced business features, this software gets your business running and reaching out for new heights in business productivity. With QB self-employed all your account data and information are organized in the cloud. Supported by any type of environments like an android and ios system. 

But if you have any troubles our team of QuickBooks technical support experts not only gives you resolution for the most common problems you might encounter, but we also provide an enhanced solution to your bookkeeping needs. You can get help for your QuickBooks self-employed at any time anywhere all over the USA with our toll-free helpline [Quickbooks]. Call us now to get QuickBooks self-employed support via our online customer service. Our Intuit experts are highly qualified and have many years of experience. Contact us for any suggestions or queries. 

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