Intuit, Microsoft wrestle for businesses
C|Net | at | by Mike
Intuit's grip on small-business accounting has been virtually unchallenged for years, but Microsoft wants to grab some customers from Intuit's hold. Since Intuit introduced its QuickBooks software in 1992, the company has seen its small-business accounting business grow to almost 3 million users. The company, largely identified with taxes and personal finance, relies on small-business accounting for a significant chunk of its livelihood: QuickBooks generated almost 18 percent of Intuit's revenue in the quarter reported last week. At this point, there are almost no other packaged-software competitors competing directly in the market. But QuickBooks could soon see pressure from above.