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It’s a great fit if you’ll be doing the bookkeeping yourself and don’t need inventory accounting. Meanwhile, Simple Start includes payroll processing, which allows you to calculate and track payroll taxes, and is preferable to Self-Employed if you need to track assets and liabilities and use automated sales tax on invoices. To see what it can do for freelancers and solopreneurs, check out our review of QuickBooks Online Self-Employed.

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We even consider it the best for tracking freelance income and filing tax returns in our guide to the best accounting software for freelancers. QuickBooks Online Self-Employed works very well for people who work for themselves in a service industry and report their business income on Schedule C of their personal income tax return. QuickBooks Online Plans Comparison: Pricing & Features QuickBooks Online Advanced: Best for small and midsize businesses (SMBs) wanting more detailed reporting, custom user permissions, a dedicated support manager, and access for up to 25 users.QuickBooks Online Plus: Best for retailers, wholesalers, contractors, and other small businesses requiring inventory tracking, job costing, budgeting, and access for up to five users.QuickBooks Online Essentials: Best for small businesses needing to assign hours worked to customers, track bills due, and provide access for up to three users.QuickBooks Online Simple Start: Best for small service businesses that have employees and issue invoices regularly.QuickBooks Online Self-Employed: Best for small service business owners reporting business income on Schedule C of their personal tax return, have no employees, and only issue a few invoices per week.

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Self-Employed is great if you have no employees, but you may need to upgrade to the other versions if you want more features, such as bill management, inventory tracking, and detailed reporting: Pricing runs from $15 to $200 per month, and subscription levels vary in the number of users and features included and are built for different purposes. It would be great if there were more affordable options or a flexible pricing model to cater to businesses of all sizes.QuickBooks Online has five versions: Self-Employed, Simple Start, Essentials, Plus, and Advanced. Additionally, some advanced features are only available in the higher-tier plans, which may limit the functionality for those on lower-tier plans. The subscription fees can add up, especially for small businesses or startups operating on a tight budget. While Quickbooks Online offers a range of powerful features, the pricing structure can be a drawback. It saves me valuable time and allows me to focus more on growing my business.

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The platform's user-friendly design ensures that I can quickly access and update my financial data without any hassle. The intuitive interface makes it simple to navigate through various financial tasks, even for someone like me who isn't a finance expert. One of its standout features is the ease of use. Quickbooks Online has revolutionized the way I manage my business finances.

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The ability to generate professional invoices, track expenses, and run detailed reports has been invaluable in making informed decisions for my business. The platform's integration capabilities with other business tools, such as banking institutions and payment processors, have made my workflow more seamless. It has streamlined my financial management processes, allowing me to stay organized and gain better insights into my business's financial health. My overall experience with Quickbooks Online has been extremely positive.

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