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QuickBooks Self-Employed Overview

SOLVEDby QuickBooks4Updated April 19, 2023

Learn the basics of QuickBooks Self-Employed.

Are you new to QuickBooks Self-Employed? This is a fast way and easy way to track your business income and spending all year long. You'll be more than ready when your taxes are due.

Here's an overview of everything you can do, how to get set up, and how QuickBooks tracks everything throughout the year.

In general, you're self-employed if any of the following apply:

  • You run a business as a sole proprietor or an independent contractor.
  • You are a member of a partnership or business.
  • You are in business for yourself (including a part-time business).
  • You need to file a Schedule C and your business taxes with a 1040.
  • You run a business as a sole proprietor or an independent contractor.
  • You are a member of a partnership or business.
  • You are in business for yourself (including a part-time business).

Learn more about self-employment requirements on the IRS website.

Learn more about self-employment on the ATO website.

Note: QuickBooks Self-Employed isn't designed to handle non-profit or charitable organisations.

QuickBooks Self-Employed helps track your income, expenses, mileage, and tax info. You can access your accounts from a web browser or the mobile app. Your data syncs in both places. In general, the mobile app is better for tasks on the go, like tracking mileage.

Here are the main features:

Just connect your bank and credit card accounts to QuickBooks Self-Employed. Each day, it automatically downloads your latest transactions. All you have to do is categorise them.

Just connect your bank and credit card accounts to QuickBooks Self-Employed. Each day, it automatically downloads your latest transactions. All you have to do is categorise them so they show up in the correct Schedule C category and on your financial reports.

And you can always manually add transactions that don't go through your bank.

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