• Willjoe
    0
    QuickBooks Self-Employed benefits

    Swipe left for business

    Using the QuickBooks Self-Employed app, quickly mark income and expenses as business or personal with the swipe of your finger. You also can split transactions by percentage or dollar amount, designating a portion as business versus personal.
    Had enough with swiping? Set rules to automatically assign and categorize transactions. You can tell QuickBooks that deposits from a specific client should always be marked as business income, for example. Or that transactions at Staples should always be designated as business office expenses. Rules can be applied retroactively. You can also mark a specific bank account as “mostly business” to take some of the legwork out of organizing your books.

    Set it and forget it mileage deductions
    No need to manually calculate mileage deductions for every work-related trip. QuickBooks Self-Employed will automatically do the math for you using the current IRS mileage rate. Just opt into mileage tracking via the app to automatically log all of your car travel, then mark which trips were business-related. QuickBooks keeps a running tally of business miles and the corresponding deduction. You can also manually enter trips using the app or web service.
    Some users report issues with missed trips and inaccurate mileage tracking, so keep tabs on your trip log to ensure precise records.

    Categorize expenses, simplify taxes
    QuickBooks Self-Employed lets you classify incomes and expenses using categories that align with the IRS Schedule C (Form 1040), such as advertising, commissions and fees, legal fees, and utilities. Using this feature to properly categorize expenses in advance takes some of the stress and guesswork out of filing your taxes.

    To know more about QuickBooks Hosting Solutions visit https://www.apps4rent.com/quickbooks-cloud-hosting Apps4Rent.
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