Business Services Industry
Microsoft's entrance draws attention of SMB accounting vendors.(INTUIT AND MICROSOFT: FACE OFF FOR SMALL BUSINESS ACCOUNTING MARKET)
CPA Technology Advisor, The, October, 2005 by O'Bannon, Isaac M.
Over the last year, much of the attention in the small business accounting area has been focused on the brewing showdown between Intuit's QuickBooks software and the just-released Small Business Accounting program from Microsoft. The entrance of Microsoft will likely have major effects on this market in the coming years, and the increased competition should spur continued development of functionality and features in accounting software.
QuickBooks currently accounts for about 90 percent of the small business accounting software sold at retail stores each year. Until its anticipated September debut, Small Business Accounting obviously has zero, but its pending appearance on retail shelves and through its distribution network will immediately draw a customer base...
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