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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.
Quicken includes online services that allow users to retrieve transactions from various providers – such as their bank or credit card company. In most cases, online services and technical support are now supported for up to three years after the product's labeled version. e.g. Quicken 2018 will be supported until 2021. [7]
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The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California. [12] [13] [14] [15]Intuit was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. [16]
The product name originally derives from the UK and Ireland version of the product where the number 50 indicated that it was aimed at companies with up to 50 employees. The products are described as cloud-connected, reflecting the remote working and online capabilities of the range. [1]
Intuit's Quicken used to be able to import QIF, too, but with its 2006 version it dropped that support [2] for several important account types, including checking, savings, and credit card accounts. [3] The Australian version of Quicken still allows the importing of QIF files for these account types.
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]
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