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Hello there, @westandpinedesign.
Allow me to share some details about the difference between QuickBooks Self-Employed (QBSE) and QuickBooks Online (QBO).
Allow me to share some details about the difference between QuickBooks Self-Employed (QBSE) and QuickBooks Online (QBO).
The main difference between both programs is that QBSE is designed for Independent Contractors, while QBO is for Small to Large Businesses. The accounts you've mentioned above that are present in QBSE are used for specific tracking on your Schedule C and are not customizable. However, in QBO you can create and customize it.
In QuickBooks Online, you can simply use Bill, Invoice, Sales Receipt, Check, and not limited to Expenses transactions. These transactions will be automatically tracked and calculated for the business taxes. If you wish to use specific accounts for categorization, you can create one. Here's how to create an account in QBO:
- Go to the Accounting select Chart of Accounts.
- Click the New button.
- Input the details you need and select Save and Close. This is how it looks like:
You can check out this reference page to know more about the process: Creating and Managing Accounts.
I've added these articles about the features offered by QuickBooks and how to manage it:
One of these articles contains tutorials to guide you on how to do your tasks in QuickBooks Online effectively.
Please don't hesitate to reply to this thread if you have other questions. I'd be happy to answer them. Enjoy the rest of your day!