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Until recently, the only browser supported by QuickBooks Online was Internet Explorer.
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Intuit hosts all of the user's data, provides patches, and regularly upgrades the software automatically. The user pays a monthly subscription fee rather than an upfront fee and accesses the software exclusively through a secure logon via a web browser. Intuit also offers a hosted solution called QuickBooks Online Edition (QBOE). In June 2007, Intuit announced that QuickBooks Enterprise Solutions would run on Linux servers, whereas previously it required a Windows server to run. For the 2008 version, the company has also added import from Excel spreadsheets, additional employee time tracking options, pre-authorization of electronic funds and new Help functions.
Intuit has integrated several web-based features into QuickBooks, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration with Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft Outlook and Outlook Express. The Mac version is only available in the US. The Quickbooks UK edition makes available support for Irish and South African VAT. Reckon Ltd, under licence from Intuit, publishes versions for the Australian, New Zealand and Singapore markets. divisions offer versions of QuickBooks that support the unique needs of each region, such as Canada's GST, HST or PST sales tax and European VAT for the UK edition. Versions of this product are available in many different markets. By then Brad Smith was the new CEO, though former CEO Steve Bennett had nearly tripled Intuit revenue and quadrupled earnings in eight years. It also says that more than 50,000 accountants, CPAs and independent business consultants are members of the QuickBooks ProAdvisor program. A JIntuit Press Release said that as of March 2008, QuickBooks' share of retail units in the business accounting category reached 94.2 percent, according to NPD Group. In September 2005 QuickBooks had 74% of the market. In May 2002 Intuit launched QuickBooks Enterprise Solutions for medium-sized businesses.
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Options now include versions for manufacturers, wholesalers, professional service firms, contractors, non-profit entities and retailers, in addition to one specifically designed for professional accounting firms who service multiple small business clients.
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By 2000, Intuit had developed Basic and Pro versions of the software and, in 2003, started offering industry-specific versions, with workflow processes and reports designed for each of these business types along with terminology associated with the trades.
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Intuit sought to bridge the gap with these accounting professionals, eventually providing full audit trail capabilities, double-entry accounting functions and increased functions. Professional accountants, however, were not satisfied with early versions of the system, citing poor security controls such as no audit trail, as well as non-conformity with traditional accounting standards. It continues to command the vast majority of this market. As such, the software soon claimed up to 85 percent of the small business accounting software market. The software was popular among small business owners who had no formal accounting training. After the success of Quicken for individual financial management, the company developed a similar solution for small business owners. Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA.
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