In what might be the worst kept secret of 2011, Intuit has introduced a UK edition of QuickBooks Online.
First introduced in the US as far back as 2004, QuickBooks Online now boasts more than 200,000 users, but was held back from other markets as the company retreated back to its core north American market.
Like its rival Sage One, QuickBooks Online is a different application to the desktop version. The company’s website explains, “QuickBooks Online is for businesses that don't already use our software.”
QuickBooks online has a free 30-day trial option - as do most Cloud accounting systems - and is available for a flat monthly fee. There is no minimum contract period.
Three editions are available:
- QuickBooks Online Simple Start, offering expenses and sales ledgers for £9 a month for one user and their accountant
- QuickBooks Online Essentials, offering VAT, a company reporting module and multicurrency for £19 a month (three users, plus the accountant); or
- QuickBooks Online Plus, which provides all the previous ingredients, plus budgeting, job costing and additional management reports (£29 a month for five users, plus the accountant).
Beta test user Charlie Carne, of Charlie Carne & Co, commented: “As a firm advocate of Cloud computing, I am delighted that QuickBooks has now launched an online product. QuickBooks has years of experience in developing great bookkeeping software on the desktop and has now brought that expertise to the cloud.
“QuickBooks Online can be used by smaller businesses being simple and easy, as well being flexible enough to cope with the demands of larger companies with features such as multi-currency and budgeting. As an accountant in practice, I can access my clients’ data online at any time and no longer need to send data files back and forth, enabling my practice to be much more efficient and pro-active to the benefit of my clients.”
The response from members of AccountingWEB’s Cloud computing discussion group tended to the “what took them so long?”