Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Tech News

QuickBooks releases a program aimed at self-employed individuals

QuickBooks has become a popular tax tracking platform with businesses and individuals alike. Now, they have a program just for self-employed individuals.


QuickBooks seeks to better serve entrepreneurs

If you are self-employed, you know the pain of attempting to figure out and file your taxes. There are loads of bookkeeping and tax software programs available, but where do you start? Some programs are simple too in-depth for freelancers and contractors, while other do not offer enough.

Intuit is well-known for their Quickbooks program, but for the causal user, it can seem like a bit too much. However, Quickbooks has launched a new, no-frills version called, Quickbooks Self-Employment. I was pretty excited about this, at first because I like keeping track of my finances, but having found a program that I just love yet.

However, I do not think Quickbooks is for me and here’s why:

I downloaded the free-trial for independent contractors. Right away, there’s something I don’t particularly like: my bank account, credit card, and payment history is all entered and stored online.

In previous versions of Quickbooks, you download a program and use it offline. Granted you have to enter each transaction manually, where the online version allows for syncing; the offline version always seems “safer.” But this may just speak to personal preference, rather than an actual issue.

Advertisement. Scroll to continue reading.

Another oddity: no way to invoice. Wuut?

It also seems rather odd that the independent contractor version doesn’t allow you to invoice. So, you’ll have to keep track of your invoices with a separate program, which could be a bit frustrating constantly toggling between programs to get numbers and dates.

What the program does for you is: estimate your quarterly taxes, help you keep track on income and spending, create tax-ready reports, and assist you in maximizing your tax deductions (like home office and mileage). If you have been an independent contractor for any time at all, chances are you have already figured this out, if not, Quickbooks is very efficient at doing the math for you.

Not for me, but might work for you

Quickbooks is not for me because I already have a system in place that works for me, but here’s who I think it would be good for: freelancers, contractors, and solo-preneurs who need assistance in keeping their business and personal expenses separated and defined.

Quickbooks makes it easy to see what was spent where, and how you can trim these areas if needed. If you are not currently using an accounting program, or tax professional, Quickbooks is worth a look, even if you just take a peek at their free-trial.


Advertisement. Scroll to continue reading.

Jennifer Walpole is a Senior Staff Writer at The American Genius and holds a Master's degree in English from the University of Oklahoma. She is a science fiction fanatic and enjoys writing way more than she should. She dreams of being a screenwriter and seeing her work on the big screen in Hollywood one day.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.



Business Entrepreneur

It's a long and winding road in life as an entrepreneur, from building from the ground up to sustaining success. Joy comes in the...

Business Entrepreneur

Small businesses should support other small businesses. This website lists indie alternatives to the most popular software.

Business Entrepreneur

Calculating your freelance rate can be daunting, but this tool is designed to make it easier and simple by comparing rates in your industry.

Business Finance

The use of employment labels of 'independent contractor' and 'gig-worker" are getting dicey, even leaving Uber $100mil in debt.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.