Intuit to stop QuickBooks online products in India from 2023

All the existing paid subscribers will be switched to the free plan by Jul 31, 2022.
Intuit To Hire Over 350 Engineers In India By 2022
Listen to this story

Online accounting software for small businesses from Intuit – Quickbooks – will be discontinued in India after 10 years of trying to crack the market. In an official statement, Intuit informed that from January 31, 2023, Quickbooks Online products will no longer be available in India. “Accordingly, we are no longer accepting new subscriptions in India at this time. This applies to all subscriptions for QuickBooks Online, QuickBooks Online Accountant, the QuickBooks mobile app, and QuickBooks Time,” the statement said, as reported by Moneycontrol.

All the existing paid subscribers will be switched to the free plan by Jul 31, 2022; this will help companies to continue with Quickbooks till January 2023 with no charges applied. Customers with an annual subscription will be offered a refund for the unused portion of their subscription. The company has asked companies to download their data out of the product at this time to avoid losing it. Quickbooks has been available in India since 2012 and rolled out its GST-compliant version in 2017. It also offers an online practice management solutions called QuickBooks Online Accountant for chartered accountants.

The shutdown of QuickBooks in India will not impact parent company Intuit’s presence in India, where it has more than 1,300 employees, the company said. Intuit counts Zoho and Tally among its competitors.

THE BELAMY

Sign up for your weekly dose of what's up in emerging technology.

More Great AIM Stories

Shraddha Goled
I am a technology journalist with AIM. I write stories focused on the AI landscape in India and around the world with a special interest in analysing its long term impact on individuals and societies. Reach out to me at shraddha.goled@analyticsindiamag.com.

AIM Upcoming Events

Early Bird Passes expire on 3rd Feb

Conference, in-person (Bangalore)
Rising 2023 | Women in Tech Conference
16-17th Mar, 2023

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
27-28th Apr, 2023

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox
AIM TOP STORIES