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QuickBooks is an accounting software product developed by Intuit, Inc.

First launched in the early 1990's, QuickBooks quickly took hold as the market leader in small business accounting software. The software was popular amongst small business owners who had no formal accounting training. At the time, software packages were designed for use by accountants and cost $400 or more.

Today QuickBooks has the largest market share of accounting products for small businesses in the United States. Small businesses use it to track expenses, prepare and send invoices, prepare financial statements, track inventory levels, and many other tasks. It is available in a range of versions, from those suitable to startup businesses up to larger businesses with up to 15 simultaneous users. It also comes in customized versions for different industries such as contracting, professional services, manufacturing, wholesale, and even a specialized version for nonprofit entities. It is available as desktop software or a hosted online edition.

QuickBooks doesn't require its users to understand double-entry bookkeeping or standard accounting procedures. Most transactions are recorded using on-line screens that closely resemble paper based forms such as invoices or checks.

Sage Software's Simply Accounting and Microsoft's Microsoft Small Business Accounting are major competitors to QuickBooks.

Criticism

Quickbooks (along with other accounting software) is constantly encouraging users to upgrade or renew their software licenses while adding modest additional functionality or content. The software is now available in Pro, Premier, and Enterprise Solution packages (2006). Users will sometimes have to save their reports or output as a PDF (Portable Document File) file, by printing to the Intuit Internal Printer (Driver) and selecting Save to File. Some screen views and reports are only printable in this way.

External link

• Official site

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This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "quickbooks".