Switching to QuickBooks Solopreneur is based on your business needs, Erik. Since you mentioned the creation of invoices and statements, please note that some transactions can't be processed in Solopreneur.
If you are a single-person business looking for invoicing help, QuickBooks Solopreneur is an essential choice. It simplifies and automates invoicing, allowing you to focus more on growing your business instead of handling paperwork.
Currently, QuickBooks Solopreneur does not support the generation of financial statements. While it excels in invoicing and tracking income and expenses, it lacks the built-in features to create comprehensive financial statements, such as profit and loss or balance sheets.
If creating financial statements is crucial to you, we suggest sticking with your current subscription. Your existing software probably has the tools to generate those statements smoothly. By staying with it, you will keep access to features that help with your financial reporting and analysis without needing to look for other options.
You can use this article as a helpful guide when you're ready to create and send estimates in QuickBooks Online. It will show you how to provide your customers with a quote, bid, or proposal for the work you plan to do.
Schedule a free consultation with our QuickBooks Live Expert Assisted. They can provide valuable tips and guidance on managing your QuickBooks Online account.
For additional questions and clarifications, we are always available to assist you promptly.
