Quickbooks: Business Analysis

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Table of Contents

Abstract 2

Introduction 2

History 2

Development and Adoption 3

Market Leader & Market Size 3

Challenges 4

Recommendation 4

Conclusion 5

Bibliography 6

Abstract

This literature review contains the history and the gradual development of accounting software over decades. It also encloses the accounting software and packages used in Australia. The market leader in Australia and their size in the market is also discussed. The threats of accounting information system, to the users are outlined with their recommendation to be adopted by the organization in order to minimize the risks and challenges.

Introduction

Accounting Information System (AIS) can be broadly defined as the computerized process …show more content…
According to the Nicolette Maury, managing director of Intuit an independent research firm was commissioned by Intuit to ask 134 small business operators to give feedback on their first time experience of using QuickBooks and Xero. According to the feedback given by those business operators, QuickBooks was easy to use and fast compared to Xero, which are the preference of the small businesses. (Dinham, 2015). Considering the basic business critical tasks that small businesses need to do in the accounting software space, QuickBooks was ahead of Xero. QuickBooks is easy to use and the users were confident in creating an invoice using QuickBooks online compared to Xero. QuickBooks online has a modern look and feel. QuickBooks has 624000 subscribers. (Quickbooks, …show more content…
(2015). iTWire - Intuit takes the accounting software market, and Xero, head on with SMB study. [online] Itwire.com. Available at: http://www.itwire.com/business-it-news/accounting-software/65003-intuit-takes-the-accounting-software-market-and-xero-head-on-with-smb-study [Accessed 13 Dec. 2015].

Myob.com.au, (2015). Accounting Software Australia | MYOB. [Online] Available at: http://myob.com.au/ [Accessed 16 Dec. 2015].

QuickBooks, (2015). History of Accounting Software | QuickBooks. [Online] Available at: http://www.quickbooks.co.za/product/accounting-software/history-of-accounting-software [Accessed 15 Dec. 2015].

Romney, (2003). Threats to Accounting Information System. 1st ed. [ebook] Available at: http://repository.binus.ac.id/2009-1/content/F0174/F017424444.pdf [Accessed 16 Dec. 2015].

Scott, B. (2015). The Accounting Journal: 60 years of Accounting Software - The Pulse Australia. [online] The Pulse Australia. Available at: http://myob.com.au/blog/60-years-of-accounting-software-introduction/ [Accessed 8 Dec. 2015].

Xero Accounting Software, (2015). About Us | Xero. [Online] Available at: https://www.xero.com/au/about/ [Accessed 16 Dec.

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