Intuit Inc. announced that QuickBooks Online has more than 1 million paying subscribers, cementing its market leadership as small businesses shift to the cloud.
“Crossing the 1-million paid subscriber threshold is a testament to the commitment of our employees, and of our accountant and developer partners to building an operating system that fuels small business success,” said Rich Preece, UK VP and Managing Director, Intuit. “The biggest thank you goes to our customers for allowing us to be a part of their small business dreams as they move online.”
Intuit has served small businesses and accountants with QuickBooks for more than 20 years. The company was an early innovator in cloud accounting when it first launched QuickBooks Online in 2001. Today, small business owners are turning to the cloud in record numbers. Intuit research shows that seventy-eight percent of small businesses will run their business online by 2020
QuickBooks Online has posted eight consecutive quarters of accelerating growth, including significant expansion in the UK. Working with developers, accountants and bookkeepers, the QuickBooks team is creating an ecosystem of innovative products and services that make it easy for small businesses of all sizes – from the self-employed to the mid-size enterprise – to tackle complex business management tasks.