20 Surprising Facts About QuickBooks

20 Surprising Facts About QuickBooks

What is QuickBooks?

QuickBooks is developed by Intuit Inc. in 1992 it was first launched for the IBM PC and Apple’s MacIntosh. Every year Intuit releases its latest versions. It is accounting software. This software is mainly developed for small and mid-sized businesses.

It is a very trouble-free app and very easily accessible. Intuit has made this exceptionally economical. Its cost-efficiency has made it easily accessible for the owners of small businesses. It is used for tracking the income and expenditure of the company.

Overall, it helps in keeping the financial health of the company on track. The latest feature was the premier of QuickBooks cloud hosting.

List of 20 Facts About QuickBooks Accounting Software

There are a number of facts about QuickBooks which we might not be aware of. Here is the list:

Intuit has a cloud service provision called QuickBooks Online. To get access to the cloud service, you just need to get a monthly subscription. There is a safe way to log in through a website that gives you access to the software.

Only UK and Ireland users get to access the QuickBooks desktop service. There are many versions of QuickBooks available in the international market. The Canadian, British and Australian Version of The QuickBooks also calculates the Taxes.

For example, they calculate Canada’s GST, PST Sales Tax, and HST. For the United Kingdom variant, it has the provision of calculating VAT of UK, and it calculates the Irish and South African VATs as well. And for Australia, it calculates the GST sales tax.

QuickBooks company Intuit was founded in 1983 by Scott Cook and Tom Proulx.

The originators of QuickBooks are also Scott Cook and Tom Proulx.

It was founded in Mount View, California, in the United States of America.  

Intuit QuickBooks Official website link ishttps://www.intuit.com

The software was first released in 1983. The success of Quicken has geared the company to develop more such accounting software for small business owners.

Initially, the DOS version of QuickBooks was released. The latest update on the software was made on 7th January 2021

The Google ratings of this software are 4.0.

The number of QuickBooks downloads through the Google Play store are: more than 10L

QuickBooks Online has 4.5 million users globally. These are the number of active users of the software.

Intuit Incorporations has 5001- 10,000 employees.

The revenue collected by Intuit Inc is 678.4 crores USD.

The cost of QuickBooks is: At first, it offers a 30-day trial session. Then it costs about Rs. 1059 in India for three months.

QuickBooks collects revenue of $16.7 Million

Competitors of QuickBooks are Sage Intacct, NetSuite, FreshBooks, Xero, Accounting Suite, Oracle PeopleSoft, Financial Force Financial Management ERP, and Microsoft Dynamics GP.

According to the Press release of Intuit in 2008, it is said that the QuickBooks ProAdvisor Program includes more than 50,000 accountants and CPAs. Many other individualistic small businessmen were also a part of this.

Chrome, Internet Explorer 10, and Mozilla Firefox support QuickBooks. It is also accessible on iPhone, Blackberry, and other Android web apps.

When QuickBooks was launched in 2020, their aim was to improve the customer experience by refining the dependability and enhancing their experience of using the software. For this, they provided certain services like, they send batch invoices to the customers and also send automatic payment reminders.

Ratings of the services provided by the software according to the customer reviews are:

Payments: 9.5/10

Automatic invoicing: 9.5/10

Third-party integrations: 9/10

Mobile app: 9.5/10

24/7 customer support: 9.5/10

Editor’s score: 9.4/10

Conclusion

We have gathered a fair amount of knowledge about QuickBooks. We know about its type, its launching date, and the founders. We also came to know about its demand in the international markets and the provision of the tax calculation it provides to the international variants. 

This website is preferred and recommended by millions of small business owners. This software is of great help to them. According to the google rating, it can be deciphered that users are very content and satisfied with its services.

QABUFFS offers desktop accounting software solutions in a comprehensive manner to fix various kinds of errors that delay the day-to-day accounting and bookkeeping processes.

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