Now 3 weeks waiting for a response from Quickbooks representative!
Please respond:
If QBSE was able to help "bookkeepers and accountants manage and report financial transactions seamlessly" as you claim, it would need to have Categories that are relevant to the business - QBSE does not give that option.
RhoiceW has already confirmed in this thread above that QBSE "helps them in preparing tax returns. But this will not fully satisfy or provides HRMC request for more detailed financial information if your business needs complex accounting features since QBSE only has basic features."
However, what Rhoicew is calling 'complex accounting features' are actually standard features required of a business accounting software. (ie categories relevant to the business).
If QBSE would not satisfy HMRC as business accounts (as already confirmed by RhoiceW) - how can you claim that it helps "bookkeepers and accountants manage and report financial transactions seamlessly"?
There seems to be a lack of clarity and understanding of what business accounting requires and a lack of transparency between Quickbooks/Intuit and their customers and also between Quickbooks representatives.
You also claim that "QBSE is designed for freelancers and independent contractors, enabling them to manage their income and expenses. It includes essential features such as receipt tracking, expense categorization, and report generation."
How can it effectively manage a business income and expenses without categories relevant to the business?
How can you claim that "It includes essential features such as receipt tracking, expense categorization, and report generation." when it does not? (not in a way that makes it relevant to the business and therefore useful as an accounting software and acceptable by HMRC as business accounts - as RhoiceW has already stated above).
QBSE does not provide effective expense categorisation as you claim - have you used it?
