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Yes, you can subscribe to QuickBooks Self-Employed(QBSE) version. If you're an Independent Contractor and you'll want to separate your personal and business expenses. Also, the Schedule C tax report is only available through the QBSE platform.
On the other hand, if you're looking for a variety of reports to view snapshots of different areas of your business. Then, you can use the QuickBooks Online version. With this version, you can track assets, liabilities, income & expenses, assign billable hours to customers, job costing & budgeting, track bills and inventory. Please check out this article for the complete list of available reports: Reports included in your QuickBooks Online subscription.
If you'll want to downgrade from QuickBooks Online to QuickBooks Self-employed. You can cancel your QBO account and subscribe to a QBSE account. Then, you can export bank transactions using a CSV file and import them to QBSE. You can view the steps through this resource: Manually import transactions into QuickBooks Self-Employed.
In addition, I've included this material to have a complete overview of which QuickBooks product is best for you: See which version of QuickBooks is right for you.
You're welcome to reply to this post if you have further questions about our QuickBooks product. I'm just around to help you.
For your reference
https:// quickbooks.intuit.com/learn-support/en-us/product-preferences/choose-the-right-version-of-quickbooks/00/369506
You can open a new blank QBSE account if it suits your needs.
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