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rbalsmeier
Level 1

Can I create a balance sheet in QB self employed

 
1 Comment
RaymondJayO
Moderator

Can I create a balance sheet in QB self employed

It's great to see you here today, @rbalsmeier

 

Currently, there isn't a way to create a balance sheet in QuickBooks Self-Employed (QBSE). This is because the program helps you track your business-related transactions and calculates your federal estimated taxes. This way, it helps you make quarterly estimated tax payments and file your Schedule C along with your annual tax return (1040). For more details, check out this article: QBSE Overview.

 

I'd also suggest visiting this website: Self-Employed Individuals Tax Center. This link provides you more information about the tax obligations for the self-employed individuals, just like you. 

 

In case you're a business owner and you send more than 10 invoices monthly, you'll want to consider other QuickBooks product. To help you decide, check out this article: Should I Use QuickBooks Self-Employed or QuickBooks?. Once verified, choose the plan that fits to your business through this link: https://quickbooks.intuit.com/pricing/. Then, complete the signup process in creating your company. After that, you'll have the option to run the Balance Sheet report from the Reports menu. 

 

I'll be right here to help if you need further assistance. Have a good day, @rbalsmeier

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