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QuickBooks Self-Employed (discontinued)

Score8.9 out of 10

55 Reviews and Ratings

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What is QuickBooks Self-Employed (discontinued)?

A now discontinued accounting solution, QuickBooks Self-Employed featured tools to help the self-employed drive growth and financial stability. It is replaced by the more advanced QuickBooks Solopreneur.

Categories & Use Cases

Key Features

Learn about the best (and worst!) features QuickBooks Self-Employed (discontinued) has to offer, as determined by TrustRadius' reviewers.
Based on 55 ratings of QuickBooks Self-Employed (discontinued)'s features
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Top Performing Features

  • Pay calculation

    Pay calculation provides for computation of employee pay with state and federal deductions.

    Category average: 8.5

  • API for custom integration

    An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.

    Category average: 8

  • Single sign-on capability

    The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.

    Category average: 8.8

Areas for Improvement

  • Salary revision and increment management

    Salary revision is the ability to modify individual employee pay.

    Category average: 8.7

  • Reimbursement management

    Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

    Category average: 8

  • Benefit plan administration

    Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

    Category average: 8.4

Reviews

What users are saying about QuickBooks Self-Employed (discontinued).
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QuickBooks is an excellent business addition!

Incentivized
Janine Wiggins, MBAView profile
in Professional Services at Resumes By Neen, LLC (1-10 employees employees)

Use Cases and Deployment Scope

QuickBooks helps keep my business expenses and income organized. It alleviates having a messy pile of receipts by allowing an electronic storage option. Moreover, it links to various accounts, aiding in the automatic documentation of transactions. The software also allows invoice creation and sending and is a good one-stop accounting platform.

Pros

  • Keep track of income
  • Keep track of expenses
  • Estimate yearly tax liability

Cons

  • Having a better explanation of filing categories

Return on Investment

  • QuickBooks has helped me improve my book keeping accuracy by 100%.
  • QuickBooks has reduced errors by 80%.
  • QuickBooks has helped me estimate my tax liability and been accurate 100% of the time.

Other Software Used

Wix, Ascend by Wix, LastPass for Business

The Accounting Software for SoleTraders and Small Business Start-ups

Incentivized
Ayo Bamgbose, Assoc CIPD, MScView profile
Online digital business coach in Professional Services at Social Media Design School (1-10 employees employees)

Pros

  • Create, send invoices and track online payments made from to clients on the go.
  • Connect with your [online] business bank accounts so that it records all [transactions] and expenses making it easy to access accurate and current business data.
  • Access information for Self-assessment purposes - making it easy and faster to submit your taxes.
  • [For] those that drive as part of their business, Quickbook allows you to also [record] mileage and snapshot real receipts to save for your records.

Cons

  • Reconnecting business account - I find it annoying as I find that I have to constantly reconnect QuickBooks with my business account to ensure it keeps my business data correct and update.
  • The invoice design has its limitations - you can not create invoices on brand due to the basic areas of design.
  • It's not a scaleable accounting software as it's geared towards small businesses, so at some point, a successful business that is growing will need to find alternative accounting software that meets their medium to large business accounting needs.

Return on Investment

  • Save on time - QuickBooks, once all up and running and integrated with your business account, is it much easier to access the information required to submit Self-assessment taxes
  • No Accountant required - with its ease of use and management, there is no need to pay for an accountant as you can manage it yourself.
  • Affordable - the monthly cost and initial QuickBooks offer for new users make it cost-effective and long-term, will not break the bank.

Other Software Used

Grammarly, Edmodo, Sage Business Cloud Accounting (formerly Sage One Accounting), LastPass for Business, MailerLite

Usability

Quick books for the Self Employed is a life saver!

Incentivized
Shannon AllenView profile
Independent Recruiter in Human Resources at Recruiters@Heart Truck Driving Jobs (1-10 employees employees)

Pros

  • Keeps track of my mileage
  • Categorizes my expenses
  • Let's me choice if a transaction was a personal or business transaction

Cons

  • Syncing the data in real time

Return on Investment

  • Return on Investment positively
  • Tax Audits - This saved my life!
  • Mileage records

Other Software Used

Microsoft Teams, Microsoft 365 (formerly Office 365), Adobe Acrobat Reader DC

Usability

Accounting Solved for S-corp Business

Incentivized
Jonathan PalanceView profile
Owner in Marketing at Palance Music and Media (1-10 employees employees)

Pros

  • Logging of expenses
  • Tracking mileage
  • Invoicing clients
  • Providing detailed tax info for you or your accountant.

Cons

  • Invoicing customization
  • Client organization

Return on Investment

  • Less tax time spent
  • Better organization of profit/loss.

Alternatives Considered

FreshBooks

Other Software Used

Adobe Premiere Pro, Vimeo

Monitor Cash Flow with QuickBooks Self-Employed

Incentivized
Alexa TsongranisView profile
Founder in Marketing at Allonsy Creative (1-10 employees employees)

Pros

  • Easy-to-use.
  • Great for small and medium-sized businesses.

Cons

  • Expensive for larger organizations.
  • Mobile app can be buggy.

Return on Investment

  • QuickBooks Self-Employed allows for easy tracking of cash flow.
  • Downloadable assets for accounts and invoices.