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Quickbooks Self-Employed Review

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http://www.dyernews.com/quickbooks-self-employed-review/ If you're a freelancer, Uber driver, or self-employed in some other capacity, one thing you might not be prepared for is keeping track of your business finances. While the day to day might seem easy enough — money comes in, money goes out — being unorganized can come back to bite you hard come tax time. That's what I signed up for Quickbooks Self-Employed (QBSE) about a year ago and am here to share my full review. Resources: Quickbooks Self-Employed Review http://www.dyernews.com/quickbooks-self-employed-review/ Should You Be Paying Quarterly Estimated Taxes? http://www.dyernews.com/should-you-be-paying-quarterly-estimated-taxes/ Note: the sale mentioned in this video was accurate as of publication but is subject to change. *********************************************************************** Quickbooks Self-Employed includes five main sections: -Transactions -Mileage -Taxes -Invoices -Reports In Transactions, you can review all of your purchases via various debit, credit cards, or even add in cash payments. From there, you can denote whether each purchase was personal or for business. Additionally, you can transaction between multiple codes. On the Quickbooks app, you can even do this on the go, categorizing transactions by swiping left or right. For business transactions, you can further categorize your spending. This will come in handy when you're itemizing your tax deductions. If you really want to get organized, you can even attach photos of receipts so that you have all of your documentation in one place. Since going through each individual transaction can be tedious, Quickbooks allows you to set rules. For example, the software can be taught that any transactions from Staples should be filed under Business — Office Supplies. If you're new to the program, you'll also be happy to know that rules can be instated retroactively, saving you a ton of time. Mileage is another extremely helpful section of Quickbooks Self-Employed. Again, you have multiple documentation options including the ability to enter the reason for the mileage as well as the start and end point for the trip. Using the Quickbooks app, you can also turn on an auto-tracker that will save your trips and allow you to label them after the fact. Of course, taxes are one of the main reasons many freelancers and entrepreneurs get Quickbooks Self-Employed. Beyond the helpful itemization advantages, QBSE will also estimate your quarterly tax payments, which often plague new freelancers. In the event you're not required to pay quarterly taxes, there are support options for annual taxes as well. Ever get tired of generating invoices in spreadsheets and keeping track of what's been paid and what hasn't? Then you'll want to check out Quickbooks Self-Employed's invoices section. With just a few clicks, you can create and send invoices to your client. Additionally, you'll be able to keep track of these invoices all in one place so you don't miss a payment. Even better, you can sign up for Payments through Quickbooks, allowing your clients to pay you via credit card or debit cart. While bank transfers are free, fees on the seller's end do apply credit card transactions. However, at 2.9% + $.25 for each transaction, it may be worth the convenience. Finally, the reports section will make doing your taxes a breeze. You can generate a spreadsheet or in-browser report giving you an overview of your business spending or a more detailed tax report. Another available report is a profit vs loss statement. One minor gripe I have with Quickbooks Self-Employed was that sending these reports to my tax preparer and having them upload them to TurboTax didn't seem to be an option. It may be easier if you purchase a Quickbooks/TurboTax combo package yourself, but it seemed I was only able to send out a spreadsheet. Granted, this still saved a ton of time and hassle at tax time, but it could have been even easier. Overall, I would recommend Quickbooks Self-Employed to any freelancer, 1099er, or gig worker who, like me, needs help organizing their business finances. At about $10 (or less — a current sale is offering 50% off for the first six months), it's also very affordable. And, it should be mentioned, your monthly fee is tax deductible! A tip I'd give you about using the software is to keep up with your transactions. Even if you set a ton of rules, you'll likely still have a few outliers that need to be categorized. I'd recommend review these weekly or at least monthly — along with your mileage and income — to ensure that you're estimated tax payments are more accurate. Best of luck on all of your adventures in freelancing! Subscribe to [email protected] Product Reviews https://www.youtube.com/playlist?list=PLFfM5Lf816an_Ux9qetCn_0sy4FoK4naw
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Text Comments (72)
Money at 30 (1 month ago)
If you are ready to get started with Quickbooks if you use this link https://dyernews.com/50percentoffquickbooks instead of the normal 3 months of half price you can get Quickbooks Self-Employed for 50% of an entire year!
Cely Marin (2 days ago)
Is the tax bundle worth it?Will I be locked in and charged $17/month for a whole year if I subscribe to this? Its asking me for my CC info before I can even read the fine print!d
Money at 30 (2 days ago)
I previously joined and was able to downgrade back, but I also didn’t get to file because I joined after April. I’m not sure if that would make a difference...
John Angelo Cadang (18 days ago)
Is this only for business?
Tony Rangel (1 month ago)
On the Website it says ***Export a Schedule C to Turbo tax you have to buy their Turbo Tax Bundle which is 12 bucks a month.***
romanticshadow s (1 month ago)
What if you dont have expenses really? I work on a psychic hotline so i have to figure this out soon as i have only been on for a week and already made 400 dollars. I use my phone and the internet and a tarot deck, all of which i already owned.
Huey Ayala (1 month ago)
I just started and I'm using QuickBooks...question...is the quarterly/yearly tax indicator the amount of money I need to set aside? Just trying to figure out a good tool or a % to set aside for taxes everytime unless QuickBooks tells me everytime.
Huey Ayala (1 month ago)
+Money at 30 Question...I work a full time and I work Uber/Lyft part time...in the tax profile section of QB Self-employed, where it says annual W-2 income do I put my full time salary or my self employed salary? And in the federal withholding part do you recommend "estimate for me" or use "my estimate"?
Money at 30 (1 month ago)
What Quickbooks is displaying as far as how much you owe for quarterly taxes is an estimate, but if you're self-employed you may be required to pay taxes quarterly aside from your annual return. This article should have some more info for you: https://dyernews.com/should-you-be-paying-quarterly-estimated-taxes/
Fortnite is fun (1 month ago)
I don't even pay taxes I'm 15
assjulio79 (30 days ago)
When you start your Gay Porn career you’ll need this info!!! 🤗
Simmy Sim (1 month ago)
+Fortnite is fun get the fuck off the Internet u fucking moron son of a bitch. you have school tomorrow
Fortnite is fun (1 month ago)
+Simmy Sim ?
Simmy Sim (1 month ago)
the fuck off the Internet u asshole
rabbitholeboy 42069 (2 months ago)
Hey buddy, Big Bang Theory producers called... They want you to stop doing quickbook videos on youtube and get back on set.
rabbitholeboy 42069 (2 months ago)
+Money at 30 Bro you look just like him it's uncanny. Thanks for the content. I appreciate it!
Money at 30 (2 months ago)
I was actually an extra on that show once. Look for me right after Sheldon says “...I’d let you check me for a hernia”
The Painting Stoof (2 months ago)
tinder for your finances hahahaha
patricia schilling (4 months ago)
Good review. Some of my friends use this tool and its been a great help for them.
daniel green (4 months ago)
Downloaded this app recently but still on the process of figuring this out. Thanks for the review and hope it will work well for me.
William Jasmine (4 months ago)
I've been looking for reviews and feedback regarding this, thanks for the comprehensive review.
Laura Sullivan (5 months ago)
https://community.myquickcloud.com/access-quickbooks-desktop-remotely-and-keep-the-benefits-of-online/ ive created a blog about quickbooks desktop and being able to access remotely :) take a look :)
Renate c (5 months ago)
quickbook self employed mis-calculated all my receipts causing me to owe much more than i did use excel people
lg junior (8 months ago)
"Yes it's like tender for your finances"... bahahahahh🤣
BIBO Weekly! (9 months ago)
Wish I saw this kind of info when I first started my entrepreneurship journey
halfhigh (9 months ago)
Is this an ad? You need to disclose it. In the upload aswell
Money at 30 (9 months ago)
Not an ad. I’m a paying customer and this is my review.
H D (9 months ago)
Loved this review! Straight to the point!
39FORTYWATER (10 months ago)
Great presentation and explanation. I hear it from a friend QuickBooks is something to use greatly in my situation. Thank for the review.
GLOBAL VOICE DIRECT (10 months ago)
At Globalvoicedirect.com we have the latest telephone technology at low cost. There is no need for cash, without the need for personal guarantees. We report your payments to the credit agency. We provide a long-term credit line of $ 7500 for each business. Easy approval even if you have bad credit.
lazy gizmo (10 months ago)
Be honest. How much is quickbook paying you to sell this shit?
lazy gizmo (10 months ago)
Money at 30 (10 months ago)
If only
Dev Hawkins (11 months ago)
Question: Can you physically pay your quarterly taxes through this app? Do you need to link an accountant? I'm antisocial and prefer to pay my taxes 100% on my own online but can't figure out how.
VRS StudiosOrlando (1 year ago)
This program really screwed me up... for some reason it wasn't syncing correctly to my bank account. I had several issues where I would log in to check and there was NO DATA.... it was empty.. my accountant had to look into this and "reSync" the accounts and suddenly the data to populate. Also, it did not account for all my income throughout the entire year and at the end my 1099 didn't match, I had to have my accountant go back in erase tons of duplicates and then it suddenly populated showing I suddenly made double what I thought I did. Having not paid quartley I was now responsible for paying over 5K in taxes almost more... cannot trust this program it's insufficient.
Renate c (5 months ago)
so what software do you use because im also having a issue with them
Khizar Abid (11 months ago)
+Andy Anderson hey ,if anyone else wants to uncover quickbooks online tutorial try Zamartar Simple Accounts Remedy ( search on google ) ? Ive heard some decent things about it and my mate got excellent results with it.
Dan Vasquez (1 year ago)
Please let me know where to find tutorials! I used the app in 2017 to track millage and expenses and loved it. I have imported/transferred to my turbo tax successfully. BUT now I'm am a bit lost on where to go after importing. And how to use what i have imported from Quick-books self-employed to quick-books to turbotax. I see a bunch of adds on how to use the app but nobody posts on what to do after to completed a full year and transfer to turbotax. Please help
eileen blueberrynugget (7 months ago)
Dan Vasquez me too
Vicki Coulter (1 year ago)
Thanks for info! About effective reports to export to TurboTax - I believe that some higher-cost .versions. of QuickBooks Online have what you are looking for. Not in my budget, however so will take the extra time to massage the info myself. ;-) 4 Questions, if you don't mind as I am wondering if I can bump down my small business from QBO Simple Start to QBO Self-Employed so that I can get much-desired mileage tracking. (1) Does this give you access to the ..Chart of Accounts.. to modify it? (2) Does it allow you to identify reusable ..Products and Services.. for creating invoices? (3) I know it does not auto-discover sales tax in various locations, but can you set a default tax rate to be included in invoices? (4) Does this allow recording of Sales Receipts of Deposits (current liabilities which are not taxable this month) versus Invoice Payments of sales which are?
Ethanolol (1 year ago)
2380knight (12 days ago)
Fortnite is fun loool cuttteee 🤗 and ur name
Tony Rangel (1 month ago)
Ever bought a candy bar?
Fortnite is fun (1 month ago)
I don't even pay taxes I'm 10
Eric Hoaglund (2 months ago)
get an ad blocker I use uBlock
Kendal Blair (1 year ago)
So this is self employed tax app ? To help filling with tax ?
Money at 30 (1 year ago)
Not so much to help with actually filing but will make it easier to track expenses and, thus, total up deductions.
Richard Wallace (1 year ago)
I love you. To the point, no bullshit, get in get out!
Kaye Light (1 year ago)
Their Customer Support used to be way better. Now you can spend an hour on a Chat trying to get a simple answer. It works well unless you ever have a credit card compromised or need to switch credit/debit cards or bank accounts -- they can't seem to handle that at all.
Sissi (1 year ago)
Great review thank you
Mathew Howe (1 year ago)
Tidy overall review, quick enough to get to the end of the video but still had some solid content. Cheers.
Charles Schau (1 year ago)
Can I track more then one driver / partner or do we each have to pay for the ap.
Wil Morris (1 year ago)
Do you have to create an invoice for every recorded sale? I use another software for creating and sending invoices. I'd really only prefer to enter a sale amount as income to quickbooks than create a customer and invoice and add a payment all over again. That is currently what I have to do using quickbooks online
Dieneke Heerema (1 year ago)
So far, I'm only using the mileage tracker, but you can definitely have PC access to your QBSE account: https://selfemployed.intuit.com/
my biggest issue is there is no PC version...personally i would NEVER EVER put business or banking info on a cell phone... never in a million years
Money at 30 oh it does have a PC version? good because i was looking at the canada site the other day and all they had was the phone app and i didn't like that because i don't feel that personal or banking info should EVER go on a cellphone, also can you print receipts and invoices with self employed?
Money at 30 (1 year ago)
The web app should be accessible via PC — the smartphone app is optional. You can still enter mileage, categorize transactions, send invoices, and generate reports from the site.
ApexPlumb (1 year ago)
Great review. I am starting a new plumbing business and I'm wondering if this would be good for me. Can you print invoices after you make them, instead of emailing? Thanks!
Money at 30 (1 year ago)
Yes — after you save the invoice, you can select to save it as a .PDF or just print directly from the main Invoices page. And thanks!
Reos (1 year ago)
If I pay the monthly subscription do I get a desktop and mobile version or just mobile?
NPC #789789789789 (5 months ago)
what's the difference between this and Mint??? You can do all these things on Mint for free!!! Someone tell me what I am missing.
ijursic (7 months ago)
Shabih Ahmed This video helps somewhat. https://youtu.be/1TxdoXyMsOI This is american so the date format is different but you get an overview....
Shabih Bhatty (7 months ago)
ijursic I have added transactions manually. My bank account is now linked so now it will sync. I will call the helpline and will buy this software soon
ijursic (7 months ago)
Shabih Ahmed The csv file must have the correct date format in the date field and some other things have to be selected during the import process. The people at the help desk will explain it step by step. Again, it is good to know how to work with excel or any other spreadsheet program. Open the csv file and call the help desk.
Shabih Bhatty (7 months ago)
ijursic I have connected my bank accounts with the app. I downloaded CSV files and was trying to upload but I got error that delete empty lines or check if the file format is CSV. Well, I couldn't upload so manually entered the transactions which I needed.

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