Major Reasons That Account For Intuit’s Decision To Sell Off Quickbooks

Intuit has so famously being known throughout the world due to its awesome contribution in the business world, the small businessmen especially profits a lot from its accounting software like QBs and QuickBooks. This article deals with the Intuit’s declaration regarding QuickBooks’s sale off in the market.

There are various features that a proprietor and a smart one at that want to have in his accounting software and QuickBooks is an apt program to be used. Being an individual accounting software, this the most preferred of all. However, there had been news about its sales out of Intuit. The company has decided to sell it off for some reasons and following have been illustrated the two major reasons which have compelled the software creators to take this serious decision. These grounds are as under:

The very first pillar under which this idea was concretized was that the Company has basically moved towards adopting the programs that are basically cloud and subscription based. And QuickBooks being designed to help the individual rather than the whole small business. And also because this is entirely desktop based, the company is really not willing to keep it to themselves and concentrate on its further release. Though it has been confirmed by the Corporation’s CEO that until they find a reliable buyer, their experts would be working on the software to avoid any hassle for the customers but there still looms the tension.

The second strong point that supports its elimination is its low revenue derivation. The company has decided to only work on the small business supportive software's like QBs and TurboTax, which are cloud, based services. As QuickBooks has accounted for just 2% of the net income in 2015 revenue analysis and thus company does not see any of the profits coming in from the program. The customers too have been apprehensive of the issues that they face every now and then, many reports that with each revision in its version it gets worse. So this is another adding on to the list and thus the Company has decided to disown it.

If in case you or any of your known circles faces the problem with the software or they are curious about its latest selling off or any other details, then you may take the support from the company’s official support page and forums, where the framed contents would lead you in a positive direction leading you to catch with the immediate solution to all your worries. Else you can call onto the QuickBooks Customer Service Number, where you may directly get in contact with the company’s experts and talk to them. These would guide you with the immediate procedure to be followed to be back on track.