QuickBooks is a familiar brand in the small business world: More than 3.4 million businesses -- mostly small ones -- using the accounting software from Intuit. Once businesses reach a certain size, however, they tend to outgrow it. Now, Intuit is rolling out a product, QuickBooks Online Advanced, designed expressly for those mid-market businesses. The Internet of Things is the new frontier. However, generations of ERP systems were not designed to handle global networks of sensors and devices.
Intuit is adding a new invoicing functionality to its QuickBooks online product for independent contractors. The cloud accounting software provider said users of QuickBooks Self-Employed can now track unpaid invoices on the platform's web and mobile apps -- a feature previously available only on QuickBooks Online. Intuit first launched the self-employed version of QuickBooks in January 2015, touting the platform for its tax-specific knowhow for freelancers and contract workers -- or what it calls the on-demand economy. The platform can be used to connect financial accounts, track deductions and calculate taxes, in addition to organizing comingled business and personal finances. Intuit continued to sharpen its focus on independent contractors throughout 2015.