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QuickBooks is an accounting software package developed and marketed by Intuit.First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
[18] [23] In response, Intuit launched new web-based products and put more emphasis on QuickBooks and on TurboTax. The company made a number of investments around this time. Among others, it purchased a large stake in Excite [24] and acquired Lacerte Software, a Dallas-based developer of tax preparation software used by tax professionals.
Intuit stopped supporting its Quicken software in the United Kingdom in 2005, leaving many thousands of users with only partly functional software. [21] In 2008 and 2009, Quicken users reported an unusually large number of software bugs for a commercial product.
Reckon Limited was founded by Greg Wilkinson in 1987, who was its chief executive officer until 2006. [5] Funded initially with the $2,000 credit limit on a friend's credit card, Greg Wilkinson started republishing and distributing Quicken & QuickBooks software products in Australia under a licensing agreement with Intuit. [6]
On September 13, 2009, TechCrunch reported Intuit would acquire Mint for $170 million. [12] An official announcement was made the following day. On November 2, 2009, Intuit announced its acquisition of Mint.com was complete. The former CEO of Mint.com, Aaron Patzer, was named vice president and general manager of Intuit's personal finance group, responsible for Mint.com and
In fall of 1999, Intuit added OneBase to its product portfolio, which includes QuickBooks and TurboTax. [5] In 2000, Intuit renamed OneBase and launched Quickbase, described at the time as a "web-based tool for sharing information that will revolutionize how small businesses and workgroups collaborate with employees, vendors and customers". [6]
Intuit, the owner of TurboTax, spent more than $11 million on federal lobbying between 2008 and 2012. Intuit "opposes IRS government tax preparation", particularly allowing taxpayers to file pre-filled returns for free, in a system similar to the established ReadyReturn service in California. The company also lobbied on bills in 2007 and 2011 ...
Intuit said it could make the tax-filing process easier and faster for smaller businesses, which form a large chunk of users for its QuickBooks Online accounting portal. "Intuit can expect to ...
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