History and Development of QuickBooks Enterprise

Every good thing has to start somewhere, and even QuickBooks Enterprise, the number one financial management software for mid-sized companies, originates from humble beginnings. As an introduction, QuickBooks Enterprise is a business software designed to automate and streamline various business processes to make things easier and work faster within a company. But how did it get to be the number one of its kind? It all begins with Intuit The humble beginnings of the QuickBooks Enterprise Solutions as well as other popular QuickBooks products such as QuickBooks Point of Sale can be traced to the history of Intuit. Intuit is the company that created and developed the QuickBooks Enterprise financial management software. The company was founded back in 1983 by partners Tom Proulx and Scott Cook. Intuit started out in Mountain View, California. Its first product was Quicken, a financial management software targeted to individual users. After the success of the product, the company thought to extend the same benefit to business owners and managers like you. That was when QuickBooks was created, and soon, other business solutions followed such as the QuickBooks Point of Sale. These products touched not only on accounting matters but also streamlined the entire structure of the business. Now, the QuickBooks Enterprise Solutions package has played a key role in the success and growth of several mid-sized businesses. When QuickBooks Enterprise was introduced Upon the introduction of QuickBooks Enterprise, it was immediately greeted with a warm welcome especially from business owners who do not have formal training in in-depth accounting. The QuickBooks Enterprise Solutions took that responsibility off their shoulders. It did not take long for the system to claim up to 80% of its target market, focusing mostly on small businesses. To this day, the same dominance can still be attributed to the software, only this time, it has moved to the mid-sized businesses. QuickBooks Enterprise: Further developments The rise to fame of QuickBooks was not without stumbles. Professional accountants, unlike the business owners and managers, critiqued the system for deviating from traditional accounting purposes. In order to develop further, Intuit used these critiques to turn the product around. Intuit responded to the accountants’ feedback by using them to improve the QuickBooks products. Thus, several other accounting features were added. Some of these were audit trail capabilities, double-entry accounting, industry-specific reports, and several other great features, most of which were added in the period between 2000 and 2003. During this time, a basic and a pro version of Enterprise QuickBooks were released to cater to varying levels of needs. Now, however, several specialized versions are on the market, responding to even more needs. There are versions designed specifically for:

Where didQuickBooks Enterprise begin? Follow the history and development of Enterprise QuickBooks products here.
 

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