Working as a freelancer or as a self-employed individual can be rewarding. However, accounting and taxes are still necessary for even the simplest of businesses. So if you’re self-employed, a startup, or an accountant that services freelancers, you understand that having a solution that can support growth through the different stages is a critical component. There is nothing worse than starting with a self employed accounting software, only to find that it is too limited and upgrading takes a lot more than just a click of a button, thereby being a hindrance rather than a solution.
Although QuickBooks offers solutions designed specifically for self-employed individuals, there are significant limitations to the QuickBooks Self-Employed version; many users will be better served by a more complete option like AccountingSuite Startup. Here is a comparison of the two for consideration in your self employed accounting solution:
AccountingSuite Startup is Less Fragmented
QuickBooks offers solutions for companies of all sizes, including startups and self-employed individuals. However, these solutions all have an inherent ceilings, and businesses that grow will inevitably reach the limits of these solutions. AccountingSuite Startup, on the other hand, is designed with growth in mind. There’s no built-in limit to AccountingSuite, making it a far more scalable solution. Furthermore, QuickBooks often offers varying features on its different versions, and it can be difficult to find one that matches all of your company’s needs. AccountingSuite provides less feature fragmentation.
Features Designed for Self-Employed People
While QuickBooks offers useful features for the self-employed, it’s a limited package, especially with regard to accounting. AccountSuite’s Startup solution offers time-tracking options, ideal for self-employed individuals who charge by the hour. The suite also offers tools for organizing both projects and jobs, providing a one-stop solution for most self employed accounting and workflow needs. Users can also rely on robust reporting features, making it easier to track trends and find better ways to make the most of your time spent working.
Unlimited from the Beginning
QuickBooks Self-Employed is inherently limited to one user and one seat that can be accessed by an accountant. Although this is often appropriate for self-employed individuals, it makes growth an unwieldy process. AccountingSuite seamlessly scales from a single user up to 10 users, thereby supporting rather than limiting growing companies with ease. Furthermore, all AccountingSuite packages offer unlimited user seats for CPAs and bookkeepers, so it doesn’t get in the way of your accounting needs at an additional expense. Self employed accounting and tax preparation can be complex, even for freelancers, and AccountingSuite enables those critical connections.
No Migration Needed
When using AccountingSuite Startup, upgrading to a more robust package is just a click away as the platform is unified. In QuickBooks Self Employed, on the other hand, there is no way to upgrade to say QuickBooks Online or a desktop version when the organization outgrows the self-employed version. Furthermore, in spite of QuickBooks’ popularity, the process of migrating QuickBooks data to other QuickBooks platforms is notoriously difficult, and it will often require expensive external help. Successful freelancers often find themselves growing into small businesses and settling on QuickBooks Self-Employed can lead to major headaches down the road.
QuickBooks may be the most popular solution in the US but that doesn’t mean its the best. In fact, as technology advancements occur – they have been lackluster in keeping up with version control and features that users request. Choosing between their various offerings has long been a challenging feat, and accountants often have trouble finding the right solution for their clients. Problems only increase when it’s time to move to a new version.
AccountingSuite Startup, on the other hand, aims to simplify the process and offer more seamless growth from infancy to maturity of any business. Even if you think your needs will remain fixed for the foreseeable future, the flexibility provided by AccountingSuite, along with its broad set of features, might make it the best solution for you and your clients needs.