Key differences between QuickBooks Self-Employed and QuickBooks Solopreneur
For more information about differences between specific features offered in QuickBooks Self-Employed, QuickBooks Solopreneur, and other versions of QuickBooks Online you can visit our in-depth guide.
Below is a summary of key differences between QuickBooks Self-Employed and QuickBooks Solopreneur:
- Tax experiences: QuickBooks Self-Employed enables the user to export data to TurboTax, while QuickBooks Solopreneur has a seamless books to tax experience with QuickBooks Live Tax. It is designed to save time and effort for Schedule C filers to get your taxes filed accurately with unlimited help for your current tax year return from live tax experts, powered by TurboTax. Pay only when you file.**
- Payments, invoicing, and estimate features: With both QuickBooks Self-Employed and Solopreneur, you can create customized branded invoices. With QuickBooks Self-Employed and QuickBooks Payments, you have access to invoicing functionality that supports customer payments with credit and debit cards, Apple Pay, and ACH. With QuickBooks Solopreneur and QuickBooks Payments, you’ll have updated payments functionality that enables simple payment requests and gives customers many ways to pay online: credit card, debit card, PayPal, Venmo, Apple Pay, and ACH payments. QuickBooks Solopreneur also adds the ability to create customized estimates, in addition to customized invoices.
- Transaction management features: Both QuickBooks Self-Employed and Solopreneur allow for separation of business and personal expenses. QuickBooks Solopreneur saves you time by automatically sorting your business and personal expenses, and you can easily review and recategorize as needed. No more manually separating expenses.
- Banking features: QuickBooks Solopreneur integrates with QuickBooks Checking, a business bank account that is easy to open, has no monthly fees or minimums, provides competitive APY, and connects to QuickBooks Payments.
- Pricing: QuickBooks Solopreneur subscriptions are currently $20 per month, or $215 annually. Check out our latest monthly and annual pricing plans for the latest pricing and promotions.
How do I move from QuickBooks Self-Employed to QuickBooks Solopreneur?
If you are a current QuickBooks Self-Employed customer who would like to move to QuickBooks Solopreneur, we can automatically migrate your subscription and much of your data to QuickBooks Solopreneur.
Follow the instructions in this guide to automatically migrate your data and subscription to QuickBooks Solopreneur and continue business as usual.
You also have the option to manually move your information from QuickBooks Self-Employed to QuickBooks Solopreneur – the guide above includes steps to help you manually move your information over to QuickBooks Solopreneur and cancel your existing QuickBooks Self-Employed subscription. If preferred, you can also start fresh in QuickBooks Solopreneur.
Whichever option you choose, we recommend downloading and backing up your reports from QuickBooks Self-Employed to ensure you have a copy of your data.
See what you can do with QuickBooks
QuickBooks has tools to support your business, no matter the size. Whether you’re managing a side hustle, a full-time business of one, or scaling your team, we have a suite of products and services right for you. Compare more versions of QuickBooks Online, including QuickBooks Solopreneur, and learn more about our other solutions and services here.
________________
This content is for information purposes only and information provided should not be considered legal, accounting or tax advice or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Intuit Inc. does it have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Intuit Inc. cannot warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers should verify statements before relying on them.
**Product Information
Money movement services are provided by Intuit Payments Inc., licensed as a Money Transmitter by the New York State Department of Financial Services. For more information about Intuit Payments' money transmission licenses, please visit https://www.intuit.com/legal/licenses/payment-licenses/.
QuickBooks and Intuit are a technology company, not a bank. Banking services provided by our partner, Green Dot Bank, member FDIC.
QuickBooks Live Tax: Powered by TurboTax, is an integrated service available to one-person businesses / sole proprietors who file Schedule C (form 1040). Additional terms and eligibility applies; fees may apply. Some tax situations may not be supported. For guarantee information, see: https://turbotax.intuit.com/corp/guarantees/
Requires QuickBooks Online mobile (“QBM”) application. QuickBooks Mobile app works with iPhone, iPad, and Android phones and tablets. Devices sold separately; data plan required. Not all features are available on the mobile apps and mobile browser. Data access is subject to cellular/internet provider network availability and occasional downtime due to system and server maintenance and events beyond your control. Product registration required.
For more information about the services provided by QuickBooks Live Tax, refer to the QuickBooks Terms of Service and TurboTax Terms of Service.
Mileage tracking: Mileage tracking is only available to the master administrator of the QuickBooks Online account. Requires QuickBooks Online mobile (“QBM”) application. The QuickBooks Online mobile app works with iPhone, iPad, and Android phones and tablets. Devices sold separately; data plan required. Not all features are available on the mobile apps and mobile browser. QuickBooks Online mobile access is included with your QuickBooks Online subscription at no additional cost. Data access is subject to cellular/internet provider network availability and occasional downtime due to system and server maintenance and events beyond your control. Product registration required.
QuickBooks Payments: QuickBooks Payments account subject to eligibility criteria, credit, and application approval. Subscription to QuickBooks Online required.
QuickBooks Checking Account opening is subject to identity verification and approval by Green Dot Bank.
QuickBooks Checking account: Banking services provided by and the QuickBooks Visa® Debit Card is issued by Green Dot Bank, Member FDIC, pursuant to license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. Green Dot Bank operates under the following registered trade names: GoBank, GO2bank and Bonneville Bank. Registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Green Dot is a registered trademark of Green Dot Corporation. ©2022 Green Dot Corporation. All rights reserved. QuickBooks products and services, including Instant Deposit, QuickBooks Payments, Cash flow planning / forecasting are not provided by Green Dot Bank.
Users must apply for both QuickBooks Payments and QuickBooks Checking accounts when bundled.
Competitive APY: Competitive rate information based on publicly available data for small business checking accounts provided by the largest national and online banks as of September 18, 2023. APYs are subject to change at any time.
No minimum balances or monthly fees: There are no minimum balance requirements to open or maintain this account or obtain the listed competitive APY. Other fees and limits apply. See Deposit Account Agreement for details.
Syncing bank and cards: Online services vary by participating financial institutions or other parties and may be subject to application approval, additional terms, conditions, and fees.
