Intuit, a business and financial management solution for Small and Medium Businesses (SMBs) has launched QuickBooks as a cloud based solution that enables small businesses to create localised invoices, pay bills and track expenses without any expertise.

According to the company, QuickBooks has about 1.3 million users worldwide and is available in 150 countries. With the increase in broadband penetration and the growth of SMBs in the country Intuit believes that India offers a huge potential for growth.

Nikhil Arora, Vice-President and Managing Director, Intuit India, said: “In today’s dynamic business environment, it is imperative for small business owners in India to focus on growing their business rather than accounting and bookkeeping. We want to be the end-to-end solutions provider for India’s small business ecosystem. In the next 10 years, we want one in four small businesses in India to use our products.”