The small business accounting market has heated up with the Microsoft's launch of Small Business Accounting as Microsoft tries to compete with market-leader QuickBooks.

Scott Cook, co-founder and chairman of Intuit Inc.'s executive committee, launched the company in 1984 to offer software and online products to help individuals, tax professionals and small companies manage their finances. Today Intuit -- with about $2 billion in annual revenues and $8 billion in market capitalization -- is one of the largest software companies in the world, and continues to market the name brands its built, such as QuickBooks, ProSeries, Lacerte, Quicken and TurboTax.

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