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Assests Category for Quickbooks Self-Employed

Hi there, I'm using QBs SE for my real estate company, and would like to categorize the property we acquire under 'assests.' Other than the categories for equipment, scanners, and furniture and such (which isn't appropriate,) there doesn't seem to be the category I am looking for. Am I able to do so with SE, or will I need to switch to another QBs plan? 

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Best answer 10-08-2018

Accepted Solutions
ProAdvisor

Re: Assests Category for Quickbooks Self-Employed

Hello @landyengsr:  

 

Yes, you would need to switch to another program in order to track assets.  Here is a link to the choices so you can compare.   And you cannot convert.  It is a process to move to the qbo program.  Here is an article with the steps to do this.  

3 Comments
ProAdvisor

Re: Assests Category for Quickbooks Self-Employed

Hello @landyengsr:  

 

Yes, you would need to switch to another program in order to track assets.  Here is a link to the choices so you can compare.   And you cannot convert.  It is a process to move to the qbo program.  Here is an article with the steps to do this.  

Experienced Member

Re: Assests Category for Quickbooks Self-Employed

Do these other programs also have mileage tracker? I really like the way self employed is setup but Would like if it had additional features like assests and bill tracking/vendor payment

QuickBooks Team

Re: Assests Category for Quickbooks Self-Employed

It's a delight for me that you love the Self-Employed setup, @ellsworthtile

 

QuickBooks Self-Employed (QBSE) is mainly designed for freelancers or independent contractors, just like you. It helps in paying your quarterly estimated taxes and in filing your Schedule C when filing the annual tax return (1040).

 

QuickBooks Online (QBO) helps small business owners to perform some of these important tasks: 

  • Track income & expenses
  • Maximize tax deductions
  • Create invoice & accept payments
  • Capture & organize receipts
  • Run reports
  • Send estimates
  • Track sales and sales tax
  • Manage & pay bills

 

To learn more about their comparison, visit this website: https://quickbooks.intuit.com/pricing/. It has in-depth information about the features and pricing of each program.
 

For mileage tracker, it's currently a beta version in QBO. However, you can manually track mileage by setting up an employee as a vendor. Then, create an expense account and a product/service item for mileage. Once done, enter a bill to track it. See this article for detailed steps: How To Track Mileage

 

I also understand that being able to track your assets and bills in QBSE would be very convenient for your business. I want you to know that I'll take note of this, and make sure to pass along your feedback. To help you keep updated about the program innovations, I suggest checking out our blog posts

 

In case you want a step-by-step guide before using the Online version, I’d suggest watching these video tutorials. This article helps you get started, set up products and services, use reports, connect accounts, and all information about the software.

 

Just drop me a line below if there's anything else you need. Have a great day, @ellsworthtile

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