What is Quickbooks Tool:
The software was popular among small business owners who had no formal accounting training. As such, the software soon claimed up to 85 percent of the small business accounting software market. It continues to command the vast majority of this market.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.
Intuit sought to bridge the gap with these accounting professionals, eventually providing full audit trail capabilities, double-entry accounting functions and increased functions. 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.
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. In May 2002 Intuit launched QuickBooks Enterprise Solutions for medium-sized businesses.
In September 2005, QuickBooks had 74% of the market.A June 19, 2008 Intuit 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. It also says that more than 50,000 accountants, CPAs and independent business consultants are members of the QuickBooks ProAdvisor program.By then Brad Smith was the new CEO, though former CEO Steve Bennett had nearly tripled Intuit revenue and quadrupled earnings in eight years.
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. 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. In June 2007, Intuit announced that QuickBooks Enterprise Solutions would run on Linux servers, whereas previously it required a Windows server to run.
The 1999 version of QuickBooks forced users to pay an additional fee for payroll table updates.The 2000 version of QuickBooks tried to force users to pay an additional fee for payroll tax updates for each company file. After a boycott, this fee was changed to one charge per copy of QuickBooks.
In April 2006, Intuit disabled functionality of add-on services for QuickBooks 2003 in the areas of Bill Pay, Credit Card Download, Do-It-Yourself Payroll, Employee Organizer, Merchant Service, Online Banking, Online Billing, and Support Plans and Services. Since then, Intuit has disabled equivalent functions for all QuickBooks versions approximately 30 months after it has stopped selling them.
On 15 December 2007, the company released a version of its automatic updater for Mac OS X with a serious program error. The company fixed the updater on 17 December, but by then it had caused substantial data loss for a number of users.
With Quickbooks 2007, the company introduced the Quickbooks Database Server Manager program, which must reside on the computer hosting the data files and which many users have experienced problems with.
In 2009, Intuit prohibited QuickBooks hosting companies from hosting older QuickBooks versions.
QuickBooks Online suffered an extended outage on February 2, 2009,and again due to power failures on June 16–17, 2010. Many customers complained on the company's forum, and threatened to leave the service for a competitor such as Sage.Brad Smith, Intuit's CEO, apologized for the series of outages, totaling around 60 hours, which affected most Intuit online products and tech support.A later July 14 outage resulted in a second Intuit CEO apology,which referred to Intuit's "new online products", "designed for 24/7 availability", and to "aggressively migrating" to two new data centers. This suggests that millions of users previously had not been using such programs or data centers, though replicated data centers were industry standard practice by 2004.
A QuickBooks 2009 online banking module had major problems, which resulted in hundreds of comments in several threads on the Intuit Community discussion forum.The QuickBooks product manager used these as an official thread to discuss problems, which were resolved in March 2009.
QuickBooks 2013 is prone to database damage if the database was open during a system crash. Numerous posts are added daily to the QuickBooks support site daily. QuickBooks 2013 also suffers from extreme slow speed compared to previous versions.
For download Quickbooks video training course,click below banner
0 comments:
Post a Comment