As the name suggests, QuickBooks Small Business is meant for small businesses, and QuickBooks Self-Employed is intended for self-employed individuals. The bookkeeping and accounting needs for these two entities are very different. Both plans have quite a lot of differences. While QuickBooks Small Business is costlier than QuickBooks Self-Employed but it has extra features. At the same time, QuickBooks Self-Employed has the feature of tracking mileage.
Mileage – Only Quickbooks Self-Employed is designed to track mileage. Business Features – Features essential to small businesses, such as inventory tracking and managing bills, is only possible with QuickBooks Online. 1099 Contractors – You can only pay 1099 contractors via QuickBooks Online.