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QuickBooks Sole Trader feature comparison

by Intuit•18• Updated 2 months ago

Learn more about how QuickBooks Sole Trader differs from other QuickBooks offerings.

QuickBooks Sole Trader is part of the QuickBooks Online product lineup, and builds on the success of QuickBooks Self-Employed. The product is designed for Sole Traders, and single-property landlords that aren't registered for VAT who need to prepare for self-assessment, and manage CIS. It simplifies the setup process and makes managing your transactions effortless. With more flexibility and productivity tools, it's the perfect solution for your business.

The QuickBooks Sole Trader app is available for download through iOS and Android, so you can manage your business on the go.

Key differences between QuickBooks Self-Employed and QuickBooks Sole Trader

Transaction management: QuickBooks Sole Trader automatically organises your income and expenses, saving you time and effort. You have the flexibility to review and recategorise your expenses, but you won't have to manually sort them anymore.

Need more information?

Find the right fit for your business. Compare QuickBooks Sole Trader features with other QuickBooks offerings:

Get Paid

Feature	Self-Employed	Sole Trader	Simple Start
Invoicing (pay-enabled)
Invoicing (non-pay enabled)	✔	✔	✔
VAT			✔
Customer list and management	✔	✔	✔
Automatic reminders		✔	✔
Estimates		✔	✔
Recurring payments			✔
Subscription payments			✔
Tags	✔		✔
Tips		✔	✔

Expenses and Bills

Feature	Self-Employed	Sole Trader	Simple Start
Connect bank accounts	✔	✔	✔
Record and track expenses or bills		✔ (expenses only)	✔
AI driven auto-categorisation		✔	✔
Make Contractor payments			✔
Customer lists and manage		✔	✔

Insights and reporting features

Feature	Self-Employed	Sole Trader	Simple Start
Overview tab with money-related insights	✔	✔	✔
Aggregate data across multiple accounts	✔	✔	✔
Cash flow projections & planning			✔
Payment processing history & trends			✔
P&L and business reporting	✔	✔	✔
Balance sheet/financial statements			✔

Accountant, Tax, and Bookkeeping features

Feature	Self-Employed	Sole Trader	Simple Start
Categorise business vs. personal transactions	✔	✔	✔
Receipt attach	✔	✔	✔
Receipt capture	✔	✔	✔
Mileage tracking	✔	✔	✔
Self-employed focused income/expense tracking (single-entry accounting)	✔	✔
Double-entry accounting		✔	✔
Tax estimation	✔	✔	✔
CIS		✔ (Only for sub-contractors)	✔
Accountant wholesale billing	✔	✔	✔
Accountant attach	✔	✔	✔

QuickBooks Self-Employed

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