![]() ![]() This is great for all of the individuals who operate from one checking account for both business and personal purposes. In addition, you can tag each as either a personal or business transaction. It connects to your online bank accounts to pull in your transactions so you can categorize them. QuickBooks Self Employed is a more robust business accounting software than Mint. It is more important than ever that self-employed individuals have an accounting tool in place to determine their gross sales to report on their Form 1040 Schedule C…and not depend solely on 1099-Misc forms received. Many self-employed individuals may not receive a 1099-Misc from businesses that paid them via credit card. Changes in recent years to 1099 reporting regulations has changed the landscape. QuickBooks Self Employed (QBSE) is a new offering aimed at the millions of self-employed individuals. I use Mint for my personal financial tracking. Mint does not have a reporting capability in the sense of Balance Sheet and P&L reports. It does not allow for accrual based accounting to create customer invoices or entering vendor bills to be paid later. Mint does not have a bank reconciliation feature. One central place to see your personal financial snapshot. The tablet and smart phone apps allow for mobile access. It gives great colorful charts of your financial results. It lets you set a budget to reach your personal financial goals and alerts you when you go over budget. It connects to your online bank and investment accounts to pull in your transactions so that you can categorize and track them. Mint is intended for personal accounting of cash, investments and assets. As cloud accounting experts, we thought we’d summarize the web-based solutions to help you determine which QuickBooks is right for you. ![]() The most well-known is QuickBooks, but there are actually many versions and offerings with slight variations. They do that by creating innovative accounting and tax solutions. Intuit’s mission is to “simplify the business of life”. ![]()
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