QuickBooks Solopreneur
Solo freelancers wanting seamless TurboTax integration for year-end filing
How it works
QuickBooks Solopreneur (formerly QuickBooks Self-Employed, rebranded February 2024) is Intuit's entry-level accounting product for one-person businesses. It tracks income and expenses, auto-categorizes transactions for Schedule C, logs mileage, estimates quarterly taxes, and sends invoices. The 2024 rebrand from 'Self-Employed' to 'Solopreneur' added estimates (convertible to invoices), in-person QR code payments, sales tax tracking on invoices, growth goal setting, and cash flow history. However, it still lacks true double-entry accounting, inventory management, COGS tracking, and payroll (1-employee limit). Its strongest feature is seamless TurboTax integration for year-end filing. A limited free tier exists with 2 invoices/month, 1 bank account, and 5 mileage trips. The product is US-only and accessed through the main QuickBooks Online mobile app.
Is it right for you?
Consider if you
- 1099 contractors and sole proprietors filing Schedule C who use TurboTax
- Rideshare drivers and side-hustlers wanting simple income/expense/mileage tracking
- One-person businesses that don't plan to hire employees or carry inventory
Skip if you
- Product sellers or makers needing COGS or inventory tracking (not supported)
- Businesses with even one employee (must upgrade to QuickBooks Online, starts at $38/mo)
- Anyone needing true double-entry accounting with balance sheet reporting
Your money and data
QuickBooks Solopreneur is an Intuit product, benefiting from Intuit's enterprise-grade security infrastructure. Data is encrypted in transit using 256-bit SSL/TLS and at rest with commercial-grade encryption. Intuit is SOC 2 compliant and maintains PCI-DSS compliance for all payment processing. Bank account connections use read-only access through Plaid or OAuth-based direct connections. Intuit's fraud detection systems monitor for unusual account activity. Intuit is a publicly traded company (NASDAQ: INTU) with decades of financial data security experience.
Pros & Cons
Pros
- Seamless year-end TurboTax integration: all income, expenses, and mileage flow directly into TurboTax
- Simple, approachable interface designed for non-accountants with minimal setup required
- New estimates feature and in-person QR code payments added in 2024 rebrand from Self-Employed
Cons
- No true double-entry accounting: no balance sheet, no accounts payable, no full bookkeeping
- Intuit raises prices 12-17% annually: a $20/mo plan could become ~$27-30 within a few years
- Upgrading to QuickBooks Online is expensive: Simple Start jumps to $38/mo (90% increase)
Pricing details
Free tier: 2 invoices/month, 1 bank account link, 5 mileage trips. Solopreneur: $20/mo (~$215/yr, sometimes quoted at $219/yr) for full features, 1 user. Promotional pricing: 50% off first 3 months ($10/mo). QuickBooks Online Simple Start (upgrade path): $38/mo (~$456/yr) for double-entry accounting. Essentials: $75/mo. Plus: $115/mo. Advanced: $275/mo. Intuit historically raises prices 12-17% each year across all plans.
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