Intuit Inc. will officially release QuickBooks 2006 this fall, marking the first major overhaul of the software's underpinnings since it was launched in 1992.

Intuit's vice president of product management, Dan Levin, said that two key components the company has been working on for years come together in the latest version. First, a four-year effort to re-engineer the technical infrastructure of QuickBooks was been completed, allowing for a new SQL database component offering both Intuit and its third-party developers more flexibility for the future. Second, a two-year project has made it easier for product-based businesses to automate their inventories.

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