Just like all small business owners, freelancers need to …
So, they automated income and expense tracking that ties to your business accounts. It’s so smooth and flawless that you’ll not even notice it’s happening most days.
It helps capture data on photos of receipts and appends them to corresponding bank transactions. So you won’t have to deal with old, faded receipts with smudged numbers.
Also, it estimates your quarterly taxes with minimal transaction review on your part. In fact, any day of the year, you can get up-to-date income and expense or profit and loss statements.
Additionally, it makes invoicing and accepting payments quick and efficient. It even allows you to send reminder invoices with just a few clicks.
Finally, it uses your cell phone’s GPS receiver to track mileage. You can set up rules and practically eliminate having to review regular trips.
At a low starting cost of $15, with a monthly cost of $7, it pays for itself quickly.
You may wonder, “Does QuickBooks work for freelancers growing beyond one-person shows?” Because, you don’t want restrictions of bookkeeping software designed only for tiny start-ups.[image_with_animation image_url=”2891″ alignment=”center” animation=”Fade In” border_radius=”none” box_shadow=”none” max_width=”100%”]That’s not a problem because Intel has products for small businesses of all sizes. So, its low-cost Self Employed plan does take care of Schedule C forms and 1099 income. But it has fully compatible solutions that go beyond one-person business bookkeeping.
For example, its QuickBooks Pro 2020 software license carries out so many more functions. Like QB Self Employed, it tracks income and expenses and allows invoicing. However, it does much more.
It runs more than 100 reports. In addition, it allows you to send estimates to clients, beyond the simple invoice. It also tracks sales tax, manages bills and accounts payable, tracks time, tracks inventory, lists limits, and pays 1099 contractors. It allows up to three users.
Of course, with so many features, its price, compared to that of the low QB Self-Employed price, ranges in the hundreds of dollars per month. And you’ll see that it pays for itself as your business bookkeeping activities become more complex.[image_with_animation image_url=”2892″ alignment=”center” animation=”Fade In” border_radius=”none” box_shadow=”none” max_width=”100%”]
Other QB plans have prices in-between. Each is designed for businesses that have grown beyond one- or two-person enterprises. And, each works perfectly well with the QB Self Employed data that you have already set up. That makes transitions easy.
Here’s a rundown of other QuickBooks plans:
Does QuickBooks work for freelancers with businesses of any size? It does! So, if you’re starting off small, but looking to grow your business, rest assured. QB can keep up with your business as it grows.
For more information about types of affordable plans and which best fits your freelance business, check with an On Track Bookkeeping expert.