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. 

When will it be able to do it? Bank wants it.

Hi 

As my colleague shared above, QuickBooks Self-Employed tracks quarterly estimated tax payments and file your Schedule C along with your annual tax return (1040). That said, the balance sheet isn't available in the Self-Employed version.

You can also check this reference for more tax-related topics: Self-Employed Individuals Tax Center. 

You can always post whenever you need help.

Your response does not tell us which plan allows us to create a balance sheet.  Just so you know, all businesses need balance sheets. 

Your response does not tell us which plan gives us the ability to create a balance sheet. Just fyi, all businesses need to create balance sheets.

Ok, so self-employed is not sufficient for businesses. Which plan is? 

Let me share some information about running the Balance Sheet report in QuickBooks, coaching13.

The Balance Sheet report is available in QuickBooks Online (QBO) versions. If you are using QuickBooks Self-Employed (QBSE), just upgrade to QBO to generate this report. We can move your data automatically within your QBSE account. Here's how;

1. Log in to your QBSE account.
2. Go to the Gear icon. Then, select Billing info.
3. If you see the Explore QuickBooks Online plans, select it to start the upgrade.
4. Click Switch plan or Choose plan. Then, choose QuickBooks Simple Start. 
5. Once done, follow the onscreen instructions and click Bring my data. From there, you can decide which data you move over or start from scratch without transferring your existing data to QBO.
6. When ready, select To QuickBooks Online. 

If you don't see the Explore QuickBooks Online plans option, we can move your data manually. Please refer to this article for the complete steps: Import your data, start your QuickBooks Online subscription, and cancel QuickBooks Self-Employed.

Once done, go to the Reports menu to run the Balance Sheet report. For more tips, I'm adding this article: Run a Balance Sheet report in QuickBooks Online.

Feel free to visit these articles to learn which reports are available for your version of QuickBooks Online and modify them according to your needs.

• Learn what reports are included in your QuickBooks Online subscription.
• Customize reports in QuickBooks Online.

Please let me know if you have more concerns about running reports in QuickBooks. I'll be here to help.