Intuit QuickBooks Q1- A Favorable Time

December 08, 2015/0 Comments

Accounting and Tax software worker Intuit maybe is or will be a knight in the shining armor for all the small and emerging business enterprise. Fundamentally, a built up for less complicated tasks, the features of Intuit QuickBooks Online include 60 plus accounting reports, free training and setup, sending invoices, online banking integration, plus it allows for you to easily track sales and expenses.

Intuit QuickBooks Q1- A Favorable Time

Intuit started a strong fiscal 2016. Brad Smith, Chief Executive, Intuit said in a meeting “We started the fiscal year the same way we ended the last with strong momentum across our businesses as our intense focus on our global cloud strategy takes shape”. From the results published on 19th November, 2015, the key points were noted:-

  • QuickBooks Online Subscribers increased by 57%
  • QuickBooks Subscribers outside US doubled to $ 215.000
  • QuickBooks Online Subscribers now at 1.16 million
  • Total small business revenue up 5 percent
  • Online payroll customers grew 17 percent

It reported a loss of $29 million and a loss of 11 cents per share according to the report. Non GAAP earnings saw earnings of 9 cents per share on revenue of $713 million. Wall Street expected a loss of 4 cents per share on revenue of $670.4 million. The company ended the quarter with $474 million in cash and investments. The aim for the year 2016 is to get the QuickBooks Online subscribers to 1.24 million.

QuickBooks owned by Intuit, provides a detailed report of cause and effect of your problem. From accounting to payroll, it is a preferred choice for managing all the data in one place. However, one of the biggest disadvantage is the inability to delete the entire transaction history and other data with other companies you might be doing a business with. But still the benefit of using QuickBooks Support over other software programs is the amount of help it offers business owners.

About Quick adviser help: Quick Adviser is deep enough to dive into any issue you have in hand. From the simplest of files to the most complex database, it lets you manage. The author of this article is known for his great writing skills and creative capabilities. For any issues, feel free to call 1-865-407-2488.


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