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QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.

History[edit]

Intuit was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California, USA. After the success of Quicken for individual financial management, the company developed similar services for small business owners.

Initial release[edit]

The initial Quicken software did not function as a 'double-entry' accounting package. The initial release of QuickBooks was the DOS version that was based on the Quicken codebase. The Windows and Mac versions shared a different codebase that was based on In-House Accountant, which Intuit had acquired. The software was popular among small business owners who had no formal accounting training. As such, the software soon claimed up to 85 percent of the small business accounting software market. It continues to command the vast majority of this market.^[2] Professional accountants, however, were not satisfied with early versions of the system, citing poor security controls, such as no audit trail, as well as non-conformity with traditional accounting standards.

Subsequent releases[edit]

Intuit sought to bridge the gap with these accounting professionals, eventually providing full audit trail capabilities, double-entry accounting functions and increased functions. By 2000, Intuit had developed Basic and Pro versions of the software and, in 2003, started offering industry-specific versions, with workflow processes and reports designed for each of these business types along with terminology associated with the trades.

Options now include versions for manufacturers, wholesalers, professional service firms, contractors, non-profit entities^[3] and retailers, in addition to one specifically designed for professional accounting firms who service multiple small business clients. In May 2002 Intuit launched QuickBooks Enterprise Solutions for medium-sized businesses.

In September 2005, QuickBooks had 74% of the market in the US.^[4] A June 19, 2008 Intuit Press Release said that as of March 2008, QuickBooks' share of retail units in the business accounting category reached 94.2 percent, according to NPD Group. It also says that more than 50,000 accountants, CPAs and independent business consultants are members of the QuickBooks ProAdvisor program.^[5] By then Brad Smith was the new CEO, though former CEO Steve Bennett had nearly tripled Intuit revenue and quadrupled earnings in eight years.^[6]

On September 22, 2014, Intuit announced the release of QuickBooks 2015 with features that users have been requesting from the past versions. The release includes improved income tracker, pinned notes, improved registration process and insights on homepage.^[7]

In September 2015, Intuit released QuickBooks 2016 that contains several improvements to the existing ones and new features such as batch transaction, bill tracking, continuous feed label printer support, batch delete/void transactions etc.^[8]

In September 2016, Intuit released QuickBooks 2017 with several improvements like automated reports, smart search and improved viewing of report filters among other things.^[9]

In 2017, Intuit released QuickBooks 2018 to give its users a better experience by adding features such as mobile inventory barcode scanning, multi-monitor support, search in the chart of accounts, mobile inventory scanning etc. ^[10]

On September 17, 2018, Intuit announced the release of QuickBooks 2019 with some unique features requested by its users, including history tracker for customer invoices, ability to transfer credits between other jobs of the same customer, payroll adjustment feature, and more. ^[11]

On September 16, 2019, QuickBooks 2020 was launched with the aim to improve the reliability and experience of using the software. All the desktop versions - Pro, Premier, Accountant, and Enterprise are packed with new features like the ability to add customer PO number in email subject lines, send batch invoices to customers, automatic payment reminders, collapse and expand columns, easy QuickBooks version update etc.^[12]

International versions[edit]

Versions of this product are available in many different markets. Intuit's Canadian, British and Australian divisions offer versions of QuickBooks that support the unique tax calculation needs of each region, such as Canada's GST, HST or PST sales tax, VAT for the United Kingdom edition and Australia's GST^[13] sales tax. The QuickBooks UK edition also includes support for Irish and South African VAT. QuickBooks Enterprise was withdrawn from the UKI market in 2014.

QuickBooks Desktop is only available on a rental / subscription basis for users in UK and Ireland.

The Mac (macOS) version is available only in the United States.

Features[edit]

Intuit has integrated several web-based features into QuickBooks, including remote access capabilities, remote payroll assistance and outsourcing, electronic payment functions, online banking and reconciliation, mapping features through integration with Google Maps, marketing options through Google, and improved e-mail functionality through Microsoft Outlook and Outlook Express. For the 2008 version, the company has also added import from Excelspreadsheets, additional employee time tracking options, pre-authorization of electronic funds and new Help functions. In June 2007, Intuit announced that QuickBooks Enterprise Solutions would run on Linux servers, whereas previously it required a Windows server to run.^[14]

QuickBooks Online[edit]

Intuit also offers a cloud service called QuickBooks Online (QBO). The user pays a monthly subscription fee rather than an upfront fee and accesses the software exclusively through a secure logon via a Web browser. Intuit provides patches, and regularly upgrades the software automatically, but also includes pop-up ads within the application for additional paid services.

As of May 2014, QuickBooks Online had the most subscribers for an online accounting platform, with 624,000 subscribers.^[15] compared to Xero, which reported 284,000 customers as of July 2014.^[16]

The cloud version is a distinct product from the desktop version of QuickBooks, and has many features that work differently than they do in desktop versions.^[17]

In 2013, Intuit announced that it had rebuilt QuickBooks Online 'from the ground up' with a platform that allows third parties to create small business applications and gives customers the ability to customize the online version of QuickBooks.^[18]

QuickBooks Online is supported on Chrome, Firefox, Internet Explorer 10, Safari 6.1, and also accessible via Chrome on Android and Safari on iOS 7.^[19][20] One may also access QuickBooks Online via an iPhone, a BlackBerry, and an Android web app.^[21][22]

In 2011, Intuit introduced a UK-specific version of QuickBooks Online to address the specific VAT and European tax system. There are also versions customized for the Canadian, Indian, and Australian markets, as well as a global version that can be customized by the user.^[23]

Quickbooks Online offers integration with other third-party software and financial services, such as banks, payroll companies, and expense management software.^{[citation needed]}

QuickBooks Point of Sale[edit]

QuickBooks Point of Sale is software that replaces a retailer's cash register, tracks its inventory, sales, and customer information, and provides reports for managing its business and serving its customers.

Add-on programs[edit]

Through the Solutions Marketplace, Intuit encouraged third-party software developers to create programs that fill niche areas for specific industries and integrate with QuickBooks. Intuit partnered with Lighter Capital to create a $15 million fund for developers designing apps for Intuit Quickbooks.^[24] The Intuit Developer Network provides marketing and technical resources, including software development kits (SDKs).

Intuit's Lacerte and ProConnect Tax Online tax preparation software for professional accountants who prepare tax returns for a living integrates with QuickBooks in this way. Microsoft Office also integrates with QuickBooks.

Criticism[edit]

As of November 2014, users of QuickBooks for OSX have reported compatibility issues with Apple's new operating system, OS X Yosemite.^[25]

See also[edit]

References[edit]

1. ^ ^abElsa Wenzel. 'QuickBooks 2008 Pro Specs'. CNET. Retrieved May 17, 2008.
2. ^'USA TODAY Education - Careers TODAY'. USA Today. Retrieved October 31, 2013.
3. ^'Nonprofit accounting software from QuickBooks'. Quickbooks.intuit.com. December 3, 2012. Retrieved October 31, 2013.
4. ^'How To Face Off Against Microsoft'. Businessweek. September 4, 2005. Retrieved October 31, 2013.
5. ^'Intuit Hits 50,000-member Milestone With QuickBooks ProAdvisor Program'. Intuit.com (Press release). June 19, 2008. Retrieved October 31, 2013.
6. ^'Intuit Announces CEO Succession - Brad Smith'. Intuit.com (Press release). August 22, 2007. Retrieved October 31, 2013.
7. ^Bonnie Biafore. QuickBooks 2015: The Missing Manual: The Official Intuit Guide to QuickBooks. O'Reilly. ISBN978-1491947135.
8. ^'Intuit Releases QuickBooks Accountant Desktop 2016'. Accounting Today.
9. ^'QuickBooks 2017 Has Arrived! Here Is What to Expect - Accountex Report'. Accountex Report. September 6, 2016. Retrieved January 19, 2018.
10. ^'New and Improved Features in QuickBooks Desktop 2018'. Firm Of The Future.
11. ^'Intuit Debuts QuickBooks Desktop 2019'. Accounting Today.
12. ^'QuickBooks Desktop 2020: What's New'. Ace Cloud Hosting.
13. ^Finis, Lauretta. 'Setting up GST in QuickBooks Online'. Intuit QuickBooks Australia. Retrieved September 3, 2016.
14. ^'Intuit Press Release - Intuit's QuickBooks Enterprise Solutions Embraces Linux'. Intuit.com. June 13, 2007. Retrieved October 31, 2013.
15. ^http://investors.intuit.com/press-releases/press-release-details/2014/Intuit-Reports-Third-quarter-Results-Revenue-Grows-14-Percent-Led-by-Cloud-Solutions/default.aspx
16. ^https://www.xero.com/media/3261697/ceos-presentation-2014-annual-meeting.pdf
17. ^'Accounting Software for Small Business - Intuit QuickBooks'. Oe.quickbooks.com. Retrieved October 31, 2013.
18. ^'Intuit Launches the Completely New QuickBooks Online'. Intuit. September 23, 2013.
19. ^'QuickBooks Online — Smarter Tools. Better Business'. quickbooks.intuit.com. Retrieved April 5, 2018.
20. ^http://help.quickbooks.intuit.com/kb/WKlFnQ/supported-browsers
21. ^'QuickBooks Comes To iPhone, BlackBerry - Personal Tech - Smart Phones'. Informationweek.com. August 26, 2008. Retrieved October 31, 2013.
22. ^'Calling all Android users! | QuickBooks Online Blog'. Blog.quickbooksonline.com. February 5, 2010. Retrieved October 31, 2013.
23. ^Howlett, Den. 'Intuit Q3 FY2016 provides important insights about SMBs and the cloud'. Diginomica. Retrieved September 3, 2016.
24. ^'Lighter Capital Announces New $15 Million Fund to Help Developers Grow Apps Designed for Intuit QuickBooks Platform'. Intuit. Retrieved January 24, 2019.
25. ^''Intuit community' Is an update to QuickBooks Mac 2014 Planned for Yosemite compatibility?'.

External links[edit]

• Official website

Summary: The blog defines the reasons that lead to QuickBooks corruption and data damage as well as describes the procedure to Rebuild QuickBooks data file using built-in Rebuild Data utility. It also suggests an alternate QuickBooks recovery solution for recover QBW file in case of higher damage.

QuickBooks, accounting software built for medium and small sized business sectors is error free and user-centric application. Two most popular built-in utilities being offered by the application are Verify Data and Rebuild Data. The former identifies most commonly occurred data issues while the latter resolves data integrity issues found by Verify Data utility.

Quickbooks For Mac 2019 User Manual Pdf

The most common reasons for using the Verify and Rebuild utilities are when severe errors appear while you use QuickBooks desktop and any discrepancies found on reports such as the bills or invoices being a post with negative values. Other reasons that call upon the need to rebuild QuickBooks data file are:

• Deposited payments are displayed in the Payments to Deposit section
• When balance sheet reports do not display all accounts
• When data checkups are run to ensure that the file is error free
• Transactions are missing or displayed inaccurately in the window
• When names found missing from the lists

Procedure to Rebuild QuickBooks Data File Documents

The process to rebuild QuickBooks data file is quite simple and straight forward.

1. Open QuickBooks and then click on File.
2. Click on Utilities and then select Rebuild Data.

3. If the application displays a warning message for backing up the file, click on OK.
4. The application will then display Rebuild has completed, click OK.
5. Then run Verify Data to check for the remaining data damage.

Important!

• If the application displays ‘QuickBooks is not responding’ message, move the mouse indicator and wait for the data rebuild process to complete.
• If the verify operation fails to accomplish successfully, attempt to repeat the process till the application verifies the file for persisting messages.

Even though there are several procedures available to rebuild QuickBooks data file.

Manual Ways to reduce QuickBooks File Corruption

You can reduce the corruption risk by implementing some manual techniques.

Specify File Volume to Reduce Corruption Risk

The overall size of QuickBooks file largely contributes to corruption, but it is not always necessary that only large files turn corrupt. It can be said that larger the volume of the file, greater the risk of corruption. Thus, it is recommended to constantly monitor the size of the file and keep it under control.

Monitor and Reduce Database Fragments

The number of database fragments can be monitored in the Product Information window. If the database has 10 or more database fragments, you can follow the given procedure to reduce the fragments.

1. Resort List: In the list menu, use Resort List option. Re-sorting the list through list headers will not put the same re-organization effect on the file.

Quickbooks For Mac 2019 User Manual Download

Adobe photoshop true up vertical. Note: Some lists may not show Resort List selection

2. Rebuild File: After re-sorting the company file, you can use QuickBooks data file rebuild utility by following the procedure mentioned in the initial section of the blog. Rebuild Quickbooks Data file data utility can also be used to repair the risks of corruption.
3. Create Portable Company File: One of the most preferred ways to reduce database fragments is creating a portable Company file and then restore the Portable Company file to re-index the database.
4. Run Windows Defragmentation Utility: The fragmentation level of the hard drive can affect the fragmentation level of the accounting application database; therefore, you can now run Windows defragmentation utility on the hard drive where the application file is stored.

General Network Issues & Maintenance

In a multi-user environment, incorrectly configured routers can affect the QuickBooks performance thus increasing the risk of corruption. If the network interruption is caused due to incorrect configuration of the Server or malfunctioning of the hardware components, the QuickBooks data file may turn corrupt.

Corruption in QuickBooks data files may occur if there is anyone or combination of issues persists within the network:

• Any connection issues exist with routers
• Any Operating System issues
• Hardware or network driver issues persist on workstation network adapters

Quickbooks For Mac 2019 User Manual Download

Corruption due to Transaction(s):

Quickbooks For Mac 2019 User Manual Online

If the corruption in QuickBooks data file is associated with one or more transactions, you can attempt to repair the issue by first deleting and then re-entering the transactions. To find the particular transaction that is creating an issue, it is recommended to search the document number in the report and then delete and re-enter the transaction.

Corruption in the QuickBooks database file can cause discrepancies in the Balance Sheet. If any imbalances are found in the file even after executing above workaround methods, you can try alternate recovery techniques.

Quickbooks For Mac 2019 Manual

Points to Consider:

1. If QBW rebuild utility fails to recover the database from errors and damage, it is recommended to look for another recovery solution.
2. If you fail to find the error persisting in the QuickBooks file, the best way to resolve the issue is to restore it from backup.
3. Make sure that the existing Company file is not overwritten. Any additional information is entered since the last backup must be entered manually after the restore function is done successfully.

What to do when Manual QuickBooks Rebuild Fails

Stellar Repair for QuickBooks Software helps to recover all types of corruption in the application and retrieve crucial business information related to employees, vendors, services, customers, etc. To check the amazing features of this QBW file repair software, click on the Download button:

Several benefits are offered by the QuickBooks file repair application. which are as follows:

• This QuickBooks repair software helps to recover all the components of the QuickBooks database file including paychecks and payroll transactions.
• The major benefit is that it acts as a comprehensive .QBW recovery solution and supports the recovery of multiple currencies.
• All the recoverable components can be previewed with the help of the software before actually performing the recovery procedure.
• Complete Recovery is done including Items and Services, job information of customers, job information of vendors, charts of accounts, transaction information of customers, and much more.
• Selection of QuickBooks file can be done from any user defined location for performing the recovery operation. If the location of the QuickBooks data file is unknown, the tool allows searching and locating it right from the tool panel.
• Whenever a repair is performed, the tool saves the log report corresponding to each and every task is executed for repairing a particular file. This information can be used for future reference.
• It supports QuickBooks 2020 and all lower versions.
• The software is compatible with Windows 10, 8, 7, Vista, XP, Server 2003 & 2000.

Hence, above discussed manual and alternative methods to rebuild QuickBooks Data File can be savior for you to fix the severe corruption in your QBW file. Don’t wait to try and let us know the feedback!

Quickbooks For Mac 2019 User Manual Instructions

Read: How to fix QuickBooks rebuild not responding error?