Everything you need to know about QuickBooks Sole Trader Plus

What is Sole Trader Plus?

Sole Trader Plus is designed for self-employed owners, single property landlords, and small businesses without employees who want a smarter, more connected way to manage their finances, all in one place.

It's particularly important right now because of Making Tax Digital for Income Tax (MTD for IT). Making Tax Digital for Income Tax will require many sole traders and landlords to submit quarterly updates to HMRC instead of a single annual income tax return. See official HMRC guidance on Making Tax Digital for Income Tax.

What's included in Sole Trader Plus?

Here's a quick look at what you'll have access to every day:

• AI bank feeds — automatically imports and categorises transactions from your connected bank accounts for your review,
• Receipt capture — photograph receipts on mobile and QuickBooks matches them to transactions.
• Mileage tracking — auto-track business travel using your phone's GPS.
• Professional invoicing — create estimates and quotes, convert them into invoices, and accept online payments*.
• Full CIS support — functionality for contractors and subcontractors to manage deductions easily.
• App integrations — connect third-party apps to extend your business tools.

*fees apply.

What happens to your data when you switch?

When you switch from QuickBooks Sole Trader (upgrade), you’ll begin using QuickBooks on the Intuit Platform. The following data moves with you: Transactions, Invoices, Customers, Mileage and Receipts. 

When you switch from QuickBooks Self Employed, you can transfer up to seven years of data, including Transactions, Invoices, Customers, Mileage and Receipts.

A few things worth knowing before you switch:

• You won't be able to switch back to your previous plan after migrating
• You can only switch through a web browser.

If you're on Self-Employed, we also recommend downloading copies of your reports (Profit and Loss, Mileage log, Receipts, and Tax details) before switching.

For what changed after switching, visit our help article for more information

Ready to switch? Start here

Depending on which plan you're currently on, we have a step-by-step help article for you:

Switching from Sole Trader → Sole Trader Plus or QuickBooks Online 

Switching from Self-Employed → Sole Trader Plus or QuickBooks Online 

More resources

Our dedicated resource hub brings together everything on the switch to Sole Trader Plus in one place: FAQs, what changes after switching, how invoicing works, and more.

Visit the Sole Trader Plus resource hub

Got questions? Drop them below!

We'd love to hear how you're getting on with the switch to Sole Trader Plus. If you have any questions, pop them in the comments and our experts will do their best to help.