Читать книгу QuickBooks Online For Dummies - Elaine Marmel, David H. Ringstrom - Страница 23

This version of QBO is aimed at freelancers and self-employed individuals, basically, those who receive Federal Form 1099 to account for the money they’ve been paid and pay their taxes using Schedule C of IRS Form 1040. Be aware, though, that the QuickBooks Self-Employed version (QBSE) is not currently part of the QBO product line, and that means that you cannot upgrade from QBSE to any other QBO product directly — an important fact to keep in mind when deciding to start with QBSE. If your business has business bank accounts, you should not use the Self-Employed version. QBSE enables you to separate personal and business expenses and mileage, so it’s really geared to the “side hustle” gig economy, like Uber and Lyft drivers.

Using the Self-Employed version, you can

 Download transactions from your bank and credit card accounts.

 Separate business from personal spending.

 Create and send invoices at any time, and personalize your invoices using your logo as well as customize the subject line and main message of the invoice email.

 Send a mobile reminder to customers before payment is due. And, QBSE lets you know when your invoice is viewed and paid.

 Send receipts for paid invoices.

 Duplicate prior invoices to send them again, eliminating busy work.

 Accept mobile payments and take advantage of free bank transfers.

 Track mileage using your phone’s GPS and delete trips, along with mileage, in bulk.

 Use your phone to take photos of receipts for your expenses; QBSE automatically extracts key data from the receipt and uses the information to match an existing transaction or to create a new expense.

 Use QBSE’s Expense Finder feature to identify more potential deductions by securely connecting your bank accounts to pull in business expenses from the entire past year and sort them into Schedule C categories. When you sign in to QBSE for the first time from March 20 to April 15, select “No, I am still working on 2020 taxes” to access the Expense Finder feature. You can then connect to your bank accounts to securely import all 2020 expenses in just minutes. The Expense Finder feature automatically finds work expenses and organizes them by Schedule C category.

 Calculate and pay estimated quarterly taxes.

 Use QBSE Labs to test drive new features.

 If you need more guidance or have loyalties to a tax preparer, you can invite your tax preparer to work with your QBSE data using QBOA.

Like the other versions of QBO, you can use a tablet, an Android or iOS smartphone, or desktop computer to access your data. In addition, QuickBooks Self-Employed uses the same security and encryption as banks, and your data is automatically backed-up online. As you might expect, this version has the fewest reports available, and only one person and an invited accountant can access QBSE. Use this address to purchase QuickBooks Self-Employed: https://quickbooks.intuit.com/self-employed.

If you opt to include TurboTax in your subscription, you also can pay your estimated quarterly taxes online and export Schedule C information from QBO to TurboTax so that you can prepare your tax return more easily. With TurboTax as part of your subscription, you receive one federal and one state electronic tax return filing at no extra cost.