Key thing to note is that the  Self Employed version of qbo is a very different program than the other qbo versions.  


  • It is not a whole bookkeeping system.  It allows you to record transactions and run a profit and loss report but it does not allow you to run a balance sheet
  • It does not allow you to reconcile your bank or credit card accounts-this is huge because if these accounts are not reconciled how do you know that you don't have duplicate or missing transactions? Duplicate and missing transactions are very common for business owners doing their own bookkeeping
  • You are not able to upgrade your Self Employed subscription to another qbo program.  You need to upload transactions or start over.  

Self Employed qbo does have it's purpose but if you plan to grow your business, I would skip this version and start with the Simple Start version.