Does Intaccts Online Accounting Formula Add Up?
By Laurie McCabe April 4, 2002 During the past three years, vendors such as Intuit, Microsoft, NetLedger and Peachtree Software have launched Web-based accounting solutions, primarily aimed at the small-business market. To date, however, they have had a tough time weaning small businesses from desktop accounting solutions. In fact, NetLedger, the “leader” in the Web-based space, has about 5,000 customers just a tiny fraction of the millions of QuickBooks users that Intuit boasts. Some vendors —: including Microsoft, which recently shut down its Web-based accounting service, Finance Manager attribute this poor showing to a lack of demand for Web-based accounting solutions. They contend that customers have no interest in online accounting services. But Intacct, a recent entrant into the Web-based accounting fray, believes these vendors haven’t hit the mark with customers because they didn’t put the right ingredients into their offerings. Intacct, led by David Thomas, a 25-year vetera
