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Join nowQBSE will not do payroll, you hve an employee you need more than QBSE, even if you do not do the payroll you still have entries to make
QBSE does not allow for any new accounts (categories) to be created
QBSE does not keep a customer listing
QBSE does not have a balance sheet so you can not enter the cost or the depreciation for a car/equipment
QBSE does not do inventory or cost of goods sold
QBSE can not do payroll
QBSE does not do any associated IRS forms, like home office deductions or depreciation
QBSE does not do sales tax either (not schedule C related but critical to a business)
Greetings, @skm2018.
Thank you for considering QuickBooks as your business tool. I can share some more information about QuickBooks Online and QuickBooks Self-Employed.
To make the most out of our products let's determining the best subscription for your business. For you to compare QBO and QBSE, you can refer to these articles:
There you have it! Please don't hesitate to ping me if you have additional questions about QuickBooks. Wishing you and your business continued success.
QB SE doesn't do that great a job for 1040ES, either.
I would use a "real" QB program, learn how to understand the financial reports, and you have the ability to do some tax projections off of these reports and the rest of your personal financial life, or any web-based calculator.
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