Introduction to QuickBooks Solopreneur
by Intuit•59• Updated 2 months ago
Learn about QuickBooks Solopreneur, and how it’s different from similar QuickBooks products.
QuickBooks Solopreneur is designed for one-person businesses, who may or may not use 1099 contractors. It includes easy to use organization, tax, and growth-focused tools to help drive financial stability. After linking your bank or credit card account, QuickBooks Solopreneur automatically categorizes transactions into predefined categories for easy review.
The tax filing capabilities included in QuickBooks Solopreneur are designed for ‘Schedule C’ (form 1040) filers, most commonly applicable to sole proprietors or single-member LLCs. If you need to customize your chart of accounts, QuickBooks Simple Start offers this capability.
Find answers for:
- QuickBooks Solopreneur, QuickBooks Money, QuickBooks Self-Employed, and QuickBooks Simple Start feature comparisons:
- FAQs:
- What happened to the QuickBooks Self-Employed mobile app?
- How is QuickBooks Solopreneur different from QuickBooks Self-Employed?
- Can I still buy QuickBooks Self-Employed?
- How do I move from QuickBooks Self-Employed to QuickBooks Solopreneur?
- Does all of my QuickBooks Self-Employed data move to QuickBooks Solopreneur when I switch products?
- I signed up for QuickBooks Solopreneur but it’s not right for me. How do I upgrade from QuickBooks Solopreneur to other QuickBooks Online products?
- Can I use QuickBooks Money with QuickBooks Solopreneur or QuickBooks Online Simple Start?
- Can I do everything in the QuickBooks Online mobile app?
- How do I change categories for my transactions?
QuickBooks Solopreneur, QuickBooks Money, QuickBooks Self-Employed, and QuickBooks Simple Start feature comparisons
You may wonder what the best fit is for your business needs. See how Solopreneur features compare with similar QuickBooks offerings:
Sales features
Feature | Money | Self-Employed | Solopreneur | Simple Start |
Invoicing (pay-enabled) | ✔ | ✔ | ✔ | ✔ |
Invoicing (non-pay enabled) | ✔ | ✔ | ✔ | |
Quick requests | ✔ | ✔ | ||
In-person payments (QR code, payment link) | ✔ | ✔ | ||
Auto-sales tax with sales tax report | ✔ | ✔ | ✔ | |
Partial payments | ✔ | ✔ | ✔ | |
Accept cards, ACH | ✔ | ✔ | ✔ | ✔ |
Accept PayPal, Venmo, Apple Pay | ✔ | ✔ | ✔ | |
Turn on/off payment methods on pay-enabled invoices | ✔ | ✔ | ✔ | |
Customer list and management | ✔ | ✔ | ✔ | ✔ |
Automatic reminders | ✔ | ✔ | ✔ | |
Estimates | ✔ | ✔ | ||
Recurring payments | ✔ | |||
Subscription payments | ✔ | |||
Tags | ✔ | ✔ | ||
Tips | ✔ | ✔ |
QuickBooks Checking features
Feature | Money | Self-Employed | Solopreneur | Simple Start |
Business checking account + debit card | ✔ | ✔ | ✔ | |
No minimum balance or monthly fee | ✔ | ✔ | ✔ | |
Free same-day deposits with QB Payments | ✔ | ✔ | ✔ | |
Free ACH transfers in/out to external accounts | ✔ | ✔ | ✔ | |
APY | ✔ | ✔ | ✔ | |
Virtual card | ✔ | ✔ | ✔ | |
Automated sales tax envelope | ✔ | ✔ | ✔ | |
“Build your own” envelope | ✔ | ✔ | ✔ | |
Automated payroll envelope | ✔ | |||
Mobile remote deposit capture (mobile only) | ✔ | ✔ | ✔ | |
Instant push (original credit transaction) to external account | ✔ | ✔ | ✔ | |
Wire transfer in | ✔ | ✔ | ✔ | |
Auto provision card to Apple/Google Wallet (mobile only) | ✔ | ✔ | ||
Money movement & withdrawal limits | ✔ | ✔ | ✔ |
Expenses features
Feature | Money | Self-Employed | Solopreneur | Simple Start |
Record and track expenses or bills | ✔ (expenses only) | ✔ | ||
Make bill payments | ✔ | ✔ | ||
Make contractor payments | ✔ | ✔ | ||
Vendor list and management | ✔ | ✔ |
QuickBooks Business Network features
Feature | Money | Self-Employed | Solopreneur | Simple Start |
Accept connection requests | ✔ | ✔ | ||
Get paid with no fees | ✔ | ✔ | ||
Track in-network payment status | ✔ | ✔ | ||
Search for and invite vendors | ✔ | |||
Search for in-network customer | ✔ | ✔ |
Insights and reporting features
Feature | Money | Self-Employed | Solopreneur | Simple Start |
Overview tab with money-related insights | ✔ | ✔ | ✔ | ✔ |
Aggregate data across multiple accounts | ✔ | ✔ | ✔ | |
Cash flow history & trends | ✔ | ✔ | ✔ | ✔ |
Cash flow projections & planning | ✔ | |||
Payment processing history & trends | ✔ | ✔ | ||
P&L and business reporting | ✔ | ✔ | ✔ | |
Balance sheet/financial statements | ✔ |
Tax and bookkeeping features
Feature | Money | Self-Employed | Solopreneur | Simple Start |
Categorize business vs. personal transactions | ✔ | ✔ | ✔ | |
Receipt attach | ✔ | ✔ | ✔ | |
Receipt capture | ✔ | ✔ | ✔ | |
Mileage tracking | ✔ | ✔ | ✔ | |
Self-employed focused income/expense tracking (single-entry accounting) | ✔ | ✔ | ||
Double-entry accounting | ✔ | ✔ | ||
Quarterly tax estimation | ✔ | |||
Export to TurboTax | ✔ | |||
Embedded tax filing | ✔ | ✔ |
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