QuickBooks pioneered the software based accounting & bookkeeping approach when it first launched on DOS in the 1980s. Targeted towards beginners instead of accounting professionals, the software tool was a huge success. Even though it lacked the bells and whistles of dedicated accounting software such as a double entry system, small business owners wholeheartedly appreciated a system that allowed them to manage their own books and accounts like they used to do on paper. The overwhelming popularity of QuickBooks soon led even professionals to adopt the software tool; advanced features like security elements, audit trail, and compliance with established accounting standards was introduced in later versions, making QuickBooks the most popular accounting software in the small business domain.
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- Category: Business
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