Thinking of starting a small business, but aren’t familiar with bookkeeping? Started a business, but struggling keeping the books? I was in the same boat until I found QuickBooks for Self-Employed.
In just minutes a week, I can maintain my books with ease. Here are a few of my favorite features:
Easily Categorize Expenses for Taxes
After connecting my business and personal bank accounts to my QuickBooks profile, I can now categorize my expenses with just the click of a button. This is helpful for two reasons, 1) I can see where I’m spending the most money, and 2) I can easily export a report of my Schedule C expenses for my year-end taxes.
I travel a lot for my business. The mileage tracker on QuickBooks for Self-Employed has been a life saver! In a matter of seconds I can enter my travel information and the program keeps a running report. At tax time, I have a clear picture of what my mileage deduction should be.
Profit and Loss Analysis
Every time I log in, I see a comparison of my year-to-date spending to my income. Just below the profit vs. loss graph is a pie chart of showing expenditures by category. It’s a quick visual indicator of where my business is financially.
Quarterly Estimated Tax Reminder
Tracking quarterly estimated taxes was definitely one of my biggest pain points. Now, when I log in to my account, I see my estimated quarterly taxes right at the top of the screen and the due date.
You do have to apply for online payments, but it’s a simple, straightforward process. Once that’s in place, you’re able to quickly create and send invoices.
I hate clutter! With QuickBooks I can take a picture of receipts and store them online. No more piles of receipts to organize on my desk.
Think QuickBooks for Self-Employed might be a good bookkeeping fit for you? Use this link to save 50% off your subscription for the first 6 months!
This platform is perfect for the solopreneurs and freelancers out there. If you’re like my husband and have employees, you’ll want to check out this version of QuickBooks. By using this link you can save 20% to 50% off your first 6 months. If you’d like to do payroll from right inside QuickBooks, follow this link.