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Gonz573
Level 1

In the self employed quickbooks version can I do a bank rec?

 
2 Comments 2
kabel1657
Level 3

In the self employed quickbooks version can I do a bank rec?

Hello @Gonz573,

 

No, QuickBooks Self-Employed doesn’t offer a full bank reconciliation feature like QuickBooks Online does. It’s designed more for freelancers and sole proprietors tracking income, expenses, and mileage, rather than full accounting functions.

 

You can, however, categorize and match transactions to ensure everything aligns with your bank statements, which helps keep records tidy, just not in a true “bank reconciliation” format.

 

P.S.: I’m a QuickBooks ProAdvisor with 7+ years of experience. Need help with QuickBooks Bookkeeping?

 

Google my username, @kabel1657, to see my proven track record!

JaeAnnC
QuickBooks Team

In the self employed quickbooks version can I do a bank rec?

I'm here to provide information about the availability of the bank reconciliation feature in QuickBooks Self-Employed (QBSE), @Gonz573.

 

Please know that QBSE offers limited features since it is designed specifically for self-employed individuals. Compared to more advanced versions of QuickBooks, QBSE doesn't have the option for bank reconciliation.

 

While it simplifies tax filing for self-employed users by effectively tracking income and expenses, I recommend upgrading to QuickBooks Online (QBO) Simple Start if you need advanced features to keep up with your bookkeeping.

 

Furthermore, you can use bank rules in QBSE to speed up the categorization process of your bank transactions. 

 

Just leave your questions below if you have clarifications about reconciling your bank. The Community is available anytime to provide additional details. Stay safe, and have a good one.

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