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68-517: 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. Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California , USA . After

136-516: A tax preparation product called WINTAX – Canada's first Microsoft Windows -based personal tax preparation software. In 1993, they agreed to be acquired by Chipsoft, manufacturer of the U.S. personal income tax software TurboTax . Shortly after the WINTAX acquisition, Chipsoft agreed to merge with Intuit, the developer of the Quicken financial software. Intuit Canada continued to update and support

204-472: A $ 15 million fund for developers designing apps for Intuit Quickbooks. The Intuit Developer Network provides marketing and technical resources, including software development kits (SDKs). Intuit's Lacerte and ProConnect Tax Online tax preparation software for professional accountants who prepare tax returns for a living integrates with QuickBooks in this way. Microsoft Office also integrates with QuickBooks. Accounting software Accounting software

272-420: A by-then bankrupt software company that had developed on-demand customer relationship management software. In April 2009, it acquired Boorah, a restaurant review site. On June 2, 2009, it announced the signing of a definitive agreement to purchase PayCycle Inc., an online payroll services, in an all-cash transaction for approximately $ 170 million. On September 14, 2009, Intuit Inc. agreed to acquire Mint.com ,

340-1098: A data consulting firm. On October 30, 2013, it acquired Full Slate, a developer of appointment scheduling software for small businesses. In November 2013, Intuit acquired Prestwick Services, LLC, and incorporated TruPay into its Employee Management Solutions Division. In May 2014, Intuit Inc. bought Invitco to help bookkeepers put bill processing in the cloud. In May 2014, it acquired Check for approximately $ 360 million to offer bill pay across small business and personal finance products. In December 2014, it. acquired Acrede, UK-based provider of global, cross-border and cloud-based payroll services. In March 2015, Intuit Inc. acquired Playbook HR. In January 2016, Intuit Inc. announced an agreement to sell Demandforce to Internet Brands . On March 3, 2016, Intuit announced plans to sell Quicken to H.I.G. Capital . On March 8, 2016, it announced plans to sell Quickbase to private equity firm Welsh, Carson, Anderson & Stowe . In October 2016, Intuit acquired Bankstream to integrate direct bank feeds into QuickBooks. On May 1, 2017, Intuit announced it

408-440: A free online personal finance service, for $ 170 million. On January 15, 2010, Intuit Inc. spun off Intuit Real Estate Solutions (which Intuit acquired in 2002) as a stand-alone company. The new company took on its previous moniker, and is now known as MRI Software . On May 21, 2010, Intuit acquired MedFusion, a Cary, NC leader of Patient to Provider communications for approximately $ 91 million. On August 10, 2010, it. acquired

476-620: A free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. TurboTax Free File was developed as part of an agreement whereby members of the Free File Alliance would offer tax preparation for individuals below an income threshold for free in exchange for the IRS not providing taxpayers with free pre-filled forms. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from

544-560: A large stake in Excite and acquired Lacerte Software, a Dallas -based developer of tax preparation software used by tax professionals. It also divested its online bill payment service unit in exchange for an equity stake in CheckFree . In June 2013, Intuit announced it would sell its financial services unit to private equity firm Thoma Bravo for $ 1.03 billion. As of May 2018, Intuit had more than US$ 5 billion in annual revenue and

612-477: A living. It is generally used by larger firms with more complex workflows and clients. On March 2, 1999, Intuit acquired Computing Resources Inc. of Reno, Nevada for approximately $ 200 million. This acquisition allowed Intuit to offer a payroll processing platform through its QuickBooks software program. In December 1999, Intuit purchased Rock Financial for a sum of $ 532M. The company was renamed Quicken Loans . In June 2002, Rock Financial founder Dan Gilbert led

680-665: A market capitalization of about US$ 50 billion. In August 2018, the company announced that Sasan Goodarzi would become Intuit's leader and CEO at the beginning of 2019. Previous CEO Brad Smith will remain chairman of Intuit's board of directors. In August 2020, Intuit QuickBooks Canada was expected to reveal intentions to partner with Digital Main Street, as the company aims to help digitally turn Canadian small businesses. In July 2024, Intuit announced it would lay off 1,800 employees, or 10% of its workforce, in order to refocus resources on generative AI initiatives. Intuit formerly offered

748-697: A modest room on University Avenue in Palo Alto. The first version of Quicken was coded in Microsoft's BASIC programming language for the IBM PC and UCSD Pascal for the Apple II by Tom Proulx and had to contend with a dozen serious competitors. In 1991, Microsoft decided to produce a competitor to Quicken called Microsoft Money . To win retailers' loyalty, Intuit included a US$ 15 rebate coupon, redeemable on software customers purchased in their stores. This

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816-505: A monthly subscription fee rather than an upfront fee and accesses the software exclusively through a secure logon via a Web browser. Intuit provides patches , and regularly upgrades the software automatically, but also includes pop-up ads within the application for additional paid services. As of May 2014, QuickBooks Online had the most subscribers for an online accounting platform, with 624,000 subscribers. compared to Xero , which reported 284,000 customers as of July 2014. The cloud version

884-434: A provider of online banking services. On August 17, 2007, Intuit sold Eclipse ERP to Activant , for $ 100.5 million in cash . In December 2007, it acquired Electronic Clearing House to add check processing power.In December 2007, it acquired Homestead Technologies which offers web site creation and e-commerce tools targeted at the small business market, for $ 170 million. In December 2008, it acquired Entellium ,

952-567: A small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit. In 2001, Intuit invested in UK market, hiring a local management team led by Stephen Lee, managing director, and Neil Atkins, marketing director, with an aim to become Europe's leading B2B & B2C packaged accounts solution. In 2002, the firm acquired Management Reports International , a Cleveland-based real estate management software firm. The firm

1020-548: A successful business plan, starting costs calculator, cash flow calculator, break-even calculator, templates for business planning and sample business plans. TaxAlmanac was a free online tax research resource. The site included information including the Internal Revenue Code, Treasury Regulations, Tax Court Cases, and a variety of articles. This site was up for closure but due to massive feedback, has reminded up. It has however been archived since June 2014, meaning

1088-566: A tax preparation software company based in San Diego. In 1994, the firm acquired the tax preparation software division of Best Programs of Reston, VA. In the same year, Intuit acquired Parsons Technology from Bob Parsons for $ 64 million. In 1996, it acquired GALT Technologies, Inc of Pittsburgh, PA. In 1998, it acquired Lacerte Software Corp., which now operates as an Intuit subsidiary. The Lacerte subsidiary focuses on tax software used by professional accountants who prepare taxes for

1156-569: A variety of platforms including application software , software connected to services , software as a service , platform as a service and mobile applications . Intuit Canada has employees located all across Canada, with offices in Edmonton , Alberta , and Toronto , Ontario . Intuit Canada traces its origins to the 1993 acquisition by Intuit of a Canadian tax preparation software developer. In 1992, Edmontonians and University of Alberta graduates Bruce Johnson and Chad Frederick had built

1224-465: A wide range of business software that may be capable of serving the needs of multiple national accountancy standards and allow accounting in multiple currencies . In addition to general accounting functions, the software may include integrated or add-on management information systems , and may be oriented towards one or more markets, for example with integrated or add-on project accounting modules. Software applications in this market typically include

1292-405: Is a distinct product from the desktop version of QuickBooks, and has many features that work differently than they do in desktop versions. In 2013, Intuit announced that it had rebuilt QuickBooks Online "from the ground up" with a platform that allows third parties to create small business applications and gives customers the ability to customize the online version of QuickBooks. QuickBooks Online

1360-516: Is a threat stemming from allowing third party organizations to handle an individual's data and the user not having full control. Lack of user control is the effect of keeping data in the cloud, as opposed to one's own local host, and increases user's level of unpredictability. Legislative complexity impacts cloud computing in where the data is being stored and the laws that data in that location, or locations, must follow. While cloud computing and traditional IT environments may pose differing privacy issues,

1428-564: Is built is unique, requires complex maintenance, and makes introducing new features very difficult". While the software would continue to function for end users after that date, Inuit will no longer provide software updates for security and functionality. Through the Solutions Marketplace, Intuit encouraged third-party software developers to create programs that fill niche areas for specific industries and integrate with QuickBooks. Intuit partnered with Lighter Capital to create

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1496-671: Is preferred by users is there is no need to worry about maintenance or hardware system upgrades, it can reduce overall costs, and that a user can gain access from multiple locations. One of the primary reasons cloud accounting software is not being used is the threat of the security of the data. Privacy in cloud computing is in constant risk of disclosure when in possession of a third party. Factors resulting in distrust of privacy include unauthorization, unpredictability, and nonconformity. Security threats vary from different cloud environments and interactions and can cause significant risks that must be considered specific to that origin. Unauthorization

1564-407: Is software that replaces a retailer's cash register, tracks its inventory, sales, and customer information, and provides reports for managing its business and serving its customers. In early 2023 Inuit announced they would be discontinuing their Point of Sale software on October 3, 2023, including technical support and support of credit card Merchant Services, stating "the platform on which the software

1632-570: Is suitable for companies at multiple stages of growth. Many of the features of mid-market and high-end software (including advanced customization and extremely scalable databases) are required even by small businesses as they open multiple locations or grow in size. Additionally, with more and more companies expanding overseas or allowing workers to home office, many smaller clients have a need to connect multiple locations. Their options are to employ software-as-a-service or another application that offers them similar accessibility from multiple locations over

1700-400: Is supported on Chrome , Firefox , Internet Explorer 10, Safari 6.1, and also accessible via Chrome on Android and Safari on iOS 7 . One may also access QuickBooks Online via an iPhone , a BlackBerry , and an Android web app. In 2011, Intuit introduced a UK-specific version of QuickBooks Online to address the specific VAT and European tax system. There are also versions customized for

1768-545: Is the subject of multiple lawsuits and is under investigation by the FTC and several state attorneys general . On May 4, 2022, Intuit agreed to pay a $ 141 million settlement over misleading advertisements. CEO Sasan Goodarzi oversees all products in all countries. Intuit Canada ULC , an indirect wholly owned subsidiary of Intuit, is a developer of financial management and tax preparation software for personal finance and small business accounting . Services are delivered on

1836-420: Is typically composed of various modules, with different sections dealing with particular areas of accounting . Among the most common are: Note that vendors may use differing names for these modules. In many cases, implementation (i.e. the installation and configuration of the system at the client) can be a bigger consideration than the actual software chosen when it comes down to the total cost of ownership for

1904-557: Is used mostly for individuals. Some activities that it supports are accounts payable -type accounting transactions, managing budgets , and simple account reconciliation. It is relatively inexpensive compared to the other accounting options. One of the more common uses of personal accounting software is for tax preparation. This software is used to file tax returns in a format suitable with the Internal Revenue Service. An example of such software would be TurboTax. At

1972-470: Is where financial information can be accessed from any device connected to the Internet at any time even though the financial data itself is located at a centralized computer. This differs from more traditional accounting software as it is restricted to a certain computer or system of computers and that accounting information can not be easily accessed from other devices. Some reasons cloud accounting software

2040-482: The Canada Revenue Agency forced Intuit and other tax preparing software companies to limit the number of returns available from their software to 20. This caused Intuit Canada to stop offering QuickTax Pro50 and Pro100 products, and they now offer QuickTax 20 as an alternative. Intuit Canada has since announced that for the 2010 tax year, they will discontinue use of the name QuickTax and replace it with

2108-480: The United States Department of Justice sued to block the acquisition. The company came under intense pressure in the late 1990s when Microsoft started to compete vigorously with its core Quicken business. 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

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2176-611: The low-end of the business markets , inexpensive applications software allows most general business accounting functions to be performed. Suppliers frequently serve a single national market, while larger suppliers offer separate solutions in each national market. Many of the low end products are characterized by being " single-entry " products, as opposed to double-entry systems seen in many businesses. Some products have considerable functionality but are not considered GAAP or IFRS / FASB compliant. Some low-end systems do not have adequate security nor audit trails. The mid-market covers

2244-416: 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. Intuit also offers a cloud service called QuickBooks Online. The user pays

2312-768: The 2021 edition. The Mac ( macOS ) version is available only in the United States. Quickbooks announced that their products and service offerings for accountancy and small business customers will no longer be available in India after 31 January 2023. 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

2380-503: The Canadian, Indian, and Australian markets, as well as a global version that can be customized by the user. Quickbooks Online offers integration with other third-party software and financial services, such as banks, payroll companies, and expense management software. QuickBooks desktop also supports a migration feature where customers can migrate their desktop data from a pro or prem SKU's to Quickbooks Online. QuickBooks Point of Sale

2448-777: The Intuit Websites and Weblistings products which had been formed from the Homestead Technologies and StepUp Commerce acquisitions. On July 1, 2013, it announced an agreement to sell their Intuit Financial Services (IFS) business unit (formerly known as Digital Insight) to Thoma Bravo for more than $ 1.03 billion. On August 19, 2013, it announced that they had sold their Intuit Health business unit (formerly known as MedFusion) back to MedFusion's founder, Steve Malik . In August 2013, Intuit Inc. acquired tax planning software Good April for an undisclosed amount. On October 23, 2013, it acquired Level Up Analytics,

2516-518: The United Kingdom edition and Australia's GST sales tax. The QuickBooks UK edition also includes support for Irish and South African VAT. QuickBooks Enterprise was withdrawn from the UKI market in 2014. QuickBooks Desktop is only available on a rental/subscription basis for users in UK and Ireland, and is to be withdrawn from sale with no desktop software replacement with the final version being

2584-562: The WINTAX software, which was renamed QuickTax in 1995 and then renamed TurboTax in 2010. Intuit Canada quickly became the hub for international development at Intuit, producing localized versions of Quicken and QuickBooks for Canada (in French and English) and the United Kingdom. The U.K. version of Quicken was discontinued in 2005. In 2008, Intuit Canada discontinued the TaxWiz software and added QuickTax Basic to their lineup. Changes made by

2652-478: The Web" in which TaxAlmanac was selected as one of the 50. The product made the short list as one of the 7 in the collaboration category. Intuit archives TaxAlmanac effective June 1, 2014. Many of the users have migrated to a new site called TaxProTalk.com. Zipingo was a free website where users could rate services such as contractors , restaurants , and other businesses. Ratings and comments were either entered from

2720-649: The ability to process credit cards through its core product, QuickBooks, without the need for hardware leasing. They can also provide traditional terminal-based credit card processing and downloading transactions directly into the QuickBooks software. In November 2005, Intuit acquired MyCorporation.com, an online business document filing service, for $ 20 million from original founders Philip and Nellie Akalp. In September 2006, it acquired StepUp Commerce, an online localized product listing syndicator, for $ 60 million in cash. In December 2006, it acquired Digital Insight ,

2788-489: The business. Most mid-market and larger applications are sold exclusively through resellers, developers, and consultants. Those organizations generally pass on a license fee to the software vendor and then charge the client for installation, customization, and support services. Clients can normally count on paying roughly 50-200% of the price of the software in implementation and consulting fees. Other organizations sell to, consult with, and support clients directly, eliminating

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2856-431: The chart of accounts, etc. On September 17, 2018, Intuit announced the release of QuickBooks 2019 with some unique features requested by its users, including a history tracker for customer invoices, the ability to transfer credits between other jobs of the same customer, payroll adjustment feature, and more. On September 16, 2019, QuickBooks 2020 was launched with the aim to improve the reliability and experience of using

2924-549: The credit monitoring and personal accounting service Credit Karma , and email marketing platform Mailchimp . As of 2019, more than 95% of its revenues and earnings come from its activities within the United States . Intuit offered a free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from

2992-500: The desktop editions in this version have streamlined bank feeds, automated receipt management, rule-based customer groups, payment reminders, customized payment receipts, data level permissions, and batch delete sales orders. Versions of this product are available in many different markets. Intuit's Canadian , British , Australian divisions offer versions of QuickBooks that support the unique tax calculation needs of each region, such as Canada's GST , HST or PST sales tax, VAT for

3060-523: The existing content can be accessed and viewed but no new posts or comments can be made after this archival. Modeled after English Misplaced Pages , TaxAlmanac was launched in May 2005. The June 6, 2005 edition of Time magazine featured an article entitled "It's a Wiki, Wiki World" about English Misplaced Pages in which TaxAlmanac was highlighted as "A Community of Customers". The November 21, 2005 edition of Business Week featured an article titled "50 Smart Ways to Use

3128-599: The following features: Accounting software for large organizations was typically the province of mainframe computers . Organizations could either development their own software, modeling their internal financial processes, or buy a commercial package and tailor it to their needs. By the 1970s and 1980s, some of the software companies making accounting packages for the IBM mainframe market were Management Science America , McCormack & Dodge , Walker Interactive Products , Informatics General , and Cullinet Software . Over time,

3196-476: The free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine delisting and a deceptive discount targeted to members of the military. As of the 2021 tax filing season, TurboTax no longer participates in the Free File Alliance . Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, which is the norm in developed countries. The company

3264-604: The free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine delisting and a deceptive discount targeted to members of the military. Subsequent investigations by the Senate Committee on Homeland Security and Governmental Affairs and the New York State Department of Financial Services reached similar conclusions, the latter concluding that Intuit engaged in "unfair and abusive practices". As of 2022, Intuit

3332-400: 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

3400-468: The internet. With the advent of faster computers and internet connections, accounting software companies have been able to create accounting software which is paid for on a monthly recurring charge instead of a larger upfront license fee (software as a service - SaaS ). The rate of adoption of this new business model has increased steadily to the point where legacy players have been forced to come out with their own online versions. Cloud Accounting Software

3468-490: The market dynamics . Most of these software solutions are web-based. The advantage of a high-end solution is that these systems are designed to support individual company specific processes, as they are highly customizable and can be tailored to exact business requirements. This usually comes at a significant cost in terms of money and implementation time. As technology improves, software vendors have been able to offer increasingly advanced software at lower prices. This software

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3536-649: The market in the US. 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. On September 22, 2014, Intuit announced

3604-570: The most complex and expensive business accounting software became frequently part of an extensive suite of software often known as enterprise resource planning (ERP) software. These applications typically have a very long implementation period, often greater than six months. In many cases, these applications are simply a set of functions which require significant integration, configuration and customization to even begin to resemble an accounting system. Many freeware high-end open-source accounting software are available online these days which aim to change

3672-426: The name TurboTax – thus bringing the product in line with Intuit's American tax-filing software. Intuit has had several online communities, some of which offer integration or cross-sells into its other products. These include the QuickBooks and TurboTax online communities for QuickBooks users and small business owners and tax payers respectively, Quicken Online Community for Quicken users and those who need help with

3740-627: The personal finance management app Cha-Ching. On June 28, 2011, it acquired the Web banking technology assets of Mobile Money Ventures, a mobile finance provider, for an undisclosed amount. This acquisition is expected to position Intuit as the largest online and mobile technology provider to financial institutions. On May 18, 2012, it. acquired Demandforce, an automated small business marketing, and customer communications SaaS provider for approximately $ 423.5 million. On August 15, 2012, it announced an agreement to sell their 'Grow Your Business' business unit to Endurance International . The sale included

3808-560: The personal finances, and the Accountant Online Community and Jump Up. These communities have consisted of blogs, an expert locator map and event calendar, forums and discussion groups, podcasts, videocasts and webinars, and other user-created content. JumpUp (formerly JackRabbit Beta) was a free social networking and resources site for small business owners and/or start-ups. Free tools and services included an interactive business planner, online training for developing

3876-772: The release of QuickBooks 2015 with features that users have been requesting from the past versions. The release includes improved income tracker, pinned notes, improved registration process and insights on homepage. In September 2015, Intuit released QuickBooks 2016 that contains several improvements to the existing ones and new features such as batch transaction, bill tracking, continuous feed label printer support, batch delete/void transactions etc. In September 2016, Intuit released QuickBooks 2017 with several improvements like automated reports, smart search and improved viewing of report filters among other things. In 2017, Intuit released QuickBooks 2018, adding features such as mobile inventory barcode scanning, multi-monitor support, search in

3944-466: The reseller. Accounting software provides many benefits such as speed up the information retrieval process, bring efficiency in Bank reconciliation process, automatically prepare Value Added TAX (VAT) / Goods and Services TAX (GST) , and, perhaps most importantly, provide the opportunity to see the real-time state of the company's financial position. Personal accounting software is simple in design and

4012-451: The security controls are generally similar. Intuit#Canada Intuit Inc. is an American multinational business software company that specializes in financial software . The company is headquartered in Mountain View, California , and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax , the small business accounting program QuickBooks ,

4080-417: The software. All the desktop versions - Pro, Premier, Accountant, and Enterprise - include new features like the ability to add customer PO numbers in email subject lines, send batch invoices to customers, automatic payment reminders, collapse and expand columns, easy QuickBooks version update etc. On September 4, 2020, Intuit rolled out QuickBooks 2021 with improved payment process and automated features. All

4148-569: The success of its Quicken product for individual financial management, the company developed similar services for small business owners. The initial Quicken software did not function as a " double-entry " accounting package. The initial release of QuickBooks was the DOS version that was based on the Quicken codebase. The Windows and Mac versions shared a different codebase that was based on In-House Accountant, which Intuit had acquired. The software

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4216-404: 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

4284-497: The website or through Quicken and QuickBooks. The site was closed by Intuit on August 23, 2007. For the fiscal year 2021, Intuit reported earnings of US$ 2.062 billion, with an annual revenue of US$ 9.633 billion, an increase of 25.4% over the previous fiscal cycle. Intuit's shares traded at over $ 498.18 per share and total international net revenue was less than 5% of total net revenue. share in US$ In 1993, Intuit acquired Chipsoft,

4352-511: Was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California . 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. On his quest to find a programmer, he ended up running into Tom Proulx at Stanford University . The two started Intuit, which initially operated out of

4420-491: Was popular among small business owners who had no formal accounting training. As such, the software soon claimed up to 85 percent of the US small business accounting software market. It continued to command the vast majority of this market as of 2013. 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

4488-476: Was renamed Intuit Real Estate Solutions (IRES) and offers real estate management products for Windows and the web. In 2002, it acquired Eclipse ERP for $ 88 million, a real-time transaction processing accounting software used for order fulfillment, inventory control, accounting, purchasing, and sales In 2003, it acquired 'Innovative Merchant Solutions' (IMS).a firm that provided merchant services to all types of businesses nationwide. The acquisition gave Intuit

4556-463: Was selling TruPay. On December 5, 2017, Intuit announced its acquisition of TSheets for $ 340 million. On February 24, 2020, Intuit CEO and leader Sasan Goodarzi announced that it planned to acquire Credit Karma for $ 7.1 billion. On August 3, 2020, Intuit announced its acquisition of TradeGecko for $ 100 million. On September 13, 2021, Intuit announced its acquisition of Mailchimp for $ 12 billion. In January of 2024, Intuit integrated some of

4624-621: Was the first time a software company offered a rebate. Roughly around the same time the company engaged John Doerr of Kleiner Perkins and diversified its product lineup. In 1993 Intuit went public and used the proceeds to make a key acquisition: the tax-preparation software company Chipsoft based in San Diego . The time after the IPO was marked by rapid growth and culminated with a buyout offer from Microsoft in 1994; at this time Intuit's market capitalization reached US$ 2 billion . However,

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