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brownal
Level 1

What is the difference between quickbooks self employed and quickbooks on line

 
1 REPLY 1
Rose-A
Moderator

What is the difference between quickbooks self employed and quickbooks on line

It's good to see you here in the Community, brownal.

 

QuickBooks Self-Employed (QBSE)is an accounting package that covers the basic features a solopreneur may need as it relates to:

 

  • Managing both personal and business accounting tasks.
  • Estimating and paying your taxes (both with your state and the IRS).

If you need to file a Schedule C document with Form 1040 during tax season, this is your accounting solution. It caters to business owners with simple business structures. This means no employees and/or contractors, and very few customers that need to be invoiced.

 

On the other hand, 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. It can track sales tax, keep track of inventory, etc.

 

Also, QuickBooks Online is designed for small businesses that file taxes as:
 

  • Partnerships
  • S-Corps
  • C-Corps

To know more about these two platforms, you can go through the following pointers below. These will provide you more details about 

 

QuickBooks Self-Employed Overview.

QuickBooks Comparison Chart.

 

If you require more details about QuickBooks versions, feel free to drop me a reply below. I'll be around to provide additional assistance.

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