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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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Intuit Merchant Service for QuickBooks – lets you process credit and debit transactions directly in any version of QuickBooks. QuickBooks Enterprise Solutions – for midsized companies that require more capacity, functionality and support than is offered by traditional small business accounting software; includes QuickBooks Payroll.
The Australian version of Quicken still allows the importing of QIF files for these account types. However, unlike the American version, it is not possible to export data to QIF or any other file type for any account type. The QIF format does not allow a user to mark the currency in which a transaction was completed.
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]
The product was re-branded as Sage Sterling +2, and in 1993 a version of the product became available for Apple Macintosh. By 1993, Sage Sterling was the market leader, with 62.5% of the integrated accounting software market. [5] In the late 1990s, Sage Instant – a cut-down version of the product line – was introduced. [6]
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