Greetings, @g-obine-yahoo-co.
QuickBooks offers different versions of its software for freelancers, small businesses and enterprise-level businesses. You'd want to consider the tax forms you're filling when when choosing the right QuickBooks for you. Let me share some information on how it works.
QuickBooks Self-Employed is primarily designed for freelancers, independent contractors, service-based entrepreneurs, sole proprietor (self-employed) and have no employees. Each account is good for one self-employed individual. Also, it can only generate one 1040-Schedule C. It helps you perform the following tasks:
Meanwhile, QuickBooks Online has four tiers: Simple Start, Essentials, Plus, and Advance. It's intended primarily for small businesses, including single-person businesses as well as multi-person organizations. It enables you to do the following tasks:
- Send and track custom invoices
- Track income and expenses
- Create and manage estimates
- Sync bank accounts and apps
- Manage and pay bills
- Run instant sales and profit reports
- Track inventory
- Prepare and print 1099s
I'm adding these articles as additional reference in using QuickBooks to manage your business finances:
Drop a comment below if you have any other QuickBooks questions. I'm more than happy to help. Have a good day!
