Smart, simple accounting software

Choose QuickBooks Self-Employed if you are:

• Using simplified expenses (rather than separating allowable from disallowable expenses)

• Managing accounts on a cash basis (with income recorded when money is received rather than when invoices are sent)

• Completing an SA103S/F Self Assessment

• Not VAT registered

Choose QuickBooks Online if you are:

• VAT registered

• Managing accounts on an accrual basis (with income recorded when invoices are sent, rather than when the payment is received)

• Recording allowable and disallowable expenses (not using simplified expenses)

QuickBooks Self-Employed makes it easy for sole traders, freelancers and self-employed workers who aren’t VAT registered to prepare their Self Assessment (SA103S/F). You’ll need to be doing your accounts on a cash basis and using simplified expenses.

We’ve just introduced income tax estimates to QuickBooks Online – this is the first step in managing your Self Assessment alongside your VAT, construction taxes and payroll. Each month we’ll be introducing more features – starting with sorting allowable from disallowable expenses. If you’re VAT registered QuickBooks Online is the right product for you.

If you’re using it exclusively for your business, it should be. As always you’ll need to have a record that shows how much you’ve paid for it.

Not yet, but we’re working on it! Both QuickBooks Online and QuickBooks Self-Employed make it easier to prepare your Self Assessment - see above to find out which product is right for you. If you need to complete a VAT or CIS return, these can both be e-filed to HMRC directly from QuickBooks.