Intuit Introduces QuickBooks Solopreneur, an Easy-to-Use Financial Tool Built for One-Person Businesses
February 21 2024 - 12:00PM
Business Wire
New QuickBooks product tailored to the needs of
solopreneurs, featuring intuitive tools to manage business
transactions, stay tax-ready, and set financial goals
Today, Intuit Inc. (Nasdaq: INTU), the global financial
technology platform that makes Intuit TurboTax, Credit Karma,
QuickBooks, and Mailchimp, introduced QuickBooks Solopreneur, a new
product designed to meet the unique needs of one-person businesses.
The comprehensive tool provides a number of easy-to-use features to
help solopreneurs stay in control of their finances, create
trackable goals, manage business expenses to stay tax-ready, and
have the confidence to drive financial stability, all in one
place.
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QuickBooks Solopreneur, an Easy-to-Use
Financial Tool Built for One-Person Businesses (Photo: Business
Wire)
According to the Intuit QuickBooks Entrepreneurship in 2024
Report, solopreneurs are increasing in numbers as more people take
the leap to work for themselves. Nearly a quarter of U.S. consumers
said they plan to start a new business in 2024, and two-thirds
believe that starting a business is a better path to building
personal wealth, even when compared to buying a house.
“Many solopreneurs are at that critical phase where they need to
better understand their business to chart a path to financial
stability,” said Michael Hitchcock, vice president, Accounting and
Tax, QuickBooks. “QuickBooks Solopreneur is designed specifically
for one-person businesses who crave simplicity and don’t yet
require an advanced accounting solution. It enables them to get a
holistic view of their finances, manage daily operations, and be
ready for tax time so they can grow on their own terms.”
QuickBooks Solopreneur includes a suite of intuitive tools and
features. With QuickBooks Solopreneur, business owners can:
- Manage books, all in one place: Access transaction
management tools that automatically separate business and personal
transactions into categories for easy review, and connect bank
accounts* and import spreadsheet data for a full view of
operations. Plus, customers can seamlessly track mileage, create
and send customized invoices and estimates, view reports, and
more.
- Utilize tools and insights to drive business decisions:
Easily view income, expenses, and profit with simple reports and
dashboards to stay in control of cash flow in real time. Customers
can also set up trackable goals, view insights, and see recommended
actions to help them to make smarter business decisions and achieve
goals.
- Make tax time less taxing: Stay tax-ready year-round
with tools that auto-track miles on-the-go through the QuickBooks
mobile app**, and easily categorize business trips for accurate tax
time deductions for business expenses. Customers can also move
seamlessly from books to taxes to easily prepare and file tax year
returns directly in QuickBooks, and access expert help through
QuickBooks Live Assisted Tax, powered by TurboTax, to help them
file with confidence.***
Adding to the growing solopreneur community are side-giggers,
who currently run their own business in addition to working a day
job. These individuals have set clear financial goals before they
plan to commit to solopreneurship full–time. More than half of
America’s side-giggers said they won’t quit their day job until
their side business earns $50,000 - $100,000, and one in three
(33%) say their business is currently making less than $25,000.
QuickBooks Solopreneur can help both aspiring and current
solopreneurs reach these financial goals, wherever they are in
their business journey.
“Being able to seamlessly navigate the features has made a
tremendous impact on the financial health of my business,” said Dr.
Brenda Sacino PT DPT, owner of Playful Progress in Bedford, NH and
a QuickBooks Solopreneur beta customer. “Having started my business
less than a year ago, I was worried about having to account for
everything myself, but QuickBooks Solopreneur has kept me organized
and made the financial management painless!”
Built on the expertise gained from serving self-employed
business owners with QuickBooks Self-Employed, which launched in
2015, QuickBooks Solopreneur provides an elevated experience with
added flexibility and productivity tools designed for the needs of
one-person businesses, to help them set financial goals and further
grow. Additionally, QuickBooks Solopreneur will soon offer a more
seamless experience across the QuickBooks ecosystem to meet a
solopreneur's growing needs, including upgrading to QuickBooks
Online and accessing other QuickBooks tools and services.
QuickBooks Solopreneur is available to customers in the U.S.
beginning today online and is compatible with the QuickBooks mobile
app on iOS and Android.
About Intuit
Intuit is the global financial technology platform that powers
prosperity for the people and communities we serve. With 100
million customers worldwide using TurboTax, Credit Karma,
QuickBooks, and Mailchimp, we believe that everyone should have the
opportunity to prosper. We never stop working to find new,
innovative ways to make that possible. Please visit us at
Intuit.com and find us on social for the latest information about
Intuit and our products and services.
*Online services vary by participating financial institutions or
other parties and may be subject to application approval,
additional terms, conditions, and fees.
**Requires QuickBooks Online mobile (“QBM”) application. QBM app
works with iPhone, iPad, and Android phones and tablets. Devices
sold separately; data plan required. Not all features are available
on the mobile apps and mobile browser. Data access is subject to
cellular/internet provider network availability and occasional
downtime due to system and server maintenance and events beyond
your control. Product registration required.
***QuickBooks Live Tax, powered by TurboTax, is an integrated
service available to one-person businesses/sole proprietors who
file Schedule C (form 1040). Additional terms and eligibility
apply; fees may apply. Some tax situations may not be supported.
For guarantee information, see
https://turbotax.intuit.com/guarantees/
This information is intended to outline our general product
direction, but represents no obligation and should not be relied on
in making a purchasing decision. Additional terms, conditions and
fees may apply with certain features and functionality. Eligibility
criteria may apply. Product offers, features, functionality are
subject to change without notice.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240221724297/en/
Intuit QuickBooks: Jaymie Sinlao
Jaymie_Sinlao@intuit.com
Jen Garcia Jeng@accesstheagency.com
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