What is QuickBooks?
QuickBooks is an accounting and auditing software developed and published by Intuit, a software company that specializes in finance-related applications to facilitate the easy and accurate management of financial assets in a corporate or enterprise setting. QuickBooks is basically a digital replacement of an accountant, and is such a big hit for small-time business owners who had no formal education about accounting and would like to cut costs in hiring a full-time accountant; Intuit claims that it holds about 85% of the total and global market share for this segment as of 2011. Professional-level accountants however are wary of the conveniences of the software, especially of the earlier versions, although Intuit has been in touch with many of their critics (and feedback from their active community) in adding new features and functionalities for their software.
Subsequent releases of QuickBooks offered more functions and controls than the last, including other release editions, such as the QuickBooks Enterprise Solutions for medium-sized businesses, which was rolled out in 2002 and thus begun QuickBooks’ rise to dominance and expansion in different scales of businesses. QuickBooks has a number of accounting consultants as well in order to ensure that the features of the releases comply with accounting standards.
File types supported by QuickBooks
Our users primarily use QuickBooks to open these file types:
Some users also use QuickBooks to open these file types: