For small business owners who sell solely online, do you like the cash or accural acct. method on quickbooks? I am trying to decide if I want to buy this system or not.

I am very new to the small business world and new to taxes for small business. I want to get the most out of taxes and find the best possible way to do accounting for my business. I did not sell anything yet so I can get all of the legal/financial stuff out of they way. 


Let me help choose the right version of QuickBooks that suits you perfectly, A.L..

QuickBooks Self-Employed (QBSE) is a cash basis accounting. This is the right version for freelancers, independent contractors, home-based entrepreneurs, and consultants. 

QBSE automatically imports transactions directly from your bank so you can categorize them as either Income or Expense, then Business or Personal. After, we calculate your Estimated Taxes, so you can export it to TurboTax Self-Employed.  

You may consider QuickBooks Online if you're a business owner and not a sole proprietor, especially when you have employees and need to run payroll.

Check this choose the right version of QuickBooks article for more information. If you're still new to QBSE, these topics can help you get going:

    That should help you maximize your deductions during tax time. Let me know if you have follow-up questions on the information provided by leaving a comment below. I'm always here to assist. Have a great week. 

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    IntuitMaryJoy , Community Support Specialist
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