| Intuit Claims 50,000 QuickBooks ProAdvisors |
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| Written by Alex Vuchnich | |||
| Friday, 20 June 2008 00:00 | |||
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Yesterday Intuit announced that it had signed up more than 50,000 accountants as paid members of its QuickBooks ProAdvisor® Program. The program provides training, software, technical support, and other resources to tax and accounting practitioners using QuickBooks financial software. (And it provides Intuit a recurring revenue stream easily topping $25 million!) When asked about the proportion of "certified" advisors (i.e. passed a test), compared to the total, an Intuit spokesperson answered "about half to two-thirds." These are impressive numbers -- they've managed to separate real dollars from 50,000 accountants & real time from approximately 30,000 of them! Quite an accomplishment. Obviously they've something to offer the profession. Oh, BTW, this strategy has helped them garner a market share in excess of 94 percent in the face of a blistering Microsoft marketing campaign. | |||
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About the Author: Brett Owens is CEO and Co-Founder of Chrometa, a Sacramento, Calif.-based provider of software that records activity in real time. Previously marketed to the legal community, Chrometa is branching out to accounting prospects; gains include the ability to discover previously undocumented billable time, save time on billing reconciliation and improve personal productivity. Brett is also blogger and founder at CommodityBullMarket.com and ContraryInvesting.com, as well as a regular contributor to two leading financial media sites, SeekingAlpha.com and BeforeItsNews.com. |