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INTUIT DROPS SOURCE DOC
Intuit has pulled its Source Doc scanning product from its 2007 tax software, after a year in which it faced technical difficulties.
The system is supposed to recognize data from W-2 and 1009 forms, but there were industry reports that Source Doc wouldn't recognize some of Intuit's QuickBooks forms. Meanwhile, the company is discontinuing the ProSeries Express line, which is expected to cut $14 million from revenue for the Professional Tax group.
Intuit says that the group could have a revenue change for the year ending July 31, ranging from a 1 percent decline to a 1 percent increase.
ACCOUNTING RELIEF GOES ONLINE
Accountants World is producing a small business accounting application as part of its Accounting Relief line that will operate with clients entering information via their accountant's Web sites.
AccountantsWorld CEO Chandra Bhansali says the approach is similar to consumers using a bank's Web site for. their banking. "Similarly, they will go to...