![]() ![]() Tsheets’s priority was time tracking, but after this, it serves more of a side product of a larger platform. However, it is important to note that Intuit’s primary focus is on finance and payroll, not time tracking. Due to the integration, Quickbooks and Tsheets will have even tighter integrations, which simplifies your time tracking, invoicing and even more! You’re in luck if Quickbooks is your payroll or invoicing solution. Also, it goes without saying that Quickbooks Time would still continue their integration with Quickbooks. Instead, Intuit, Quickbooks’ parent company had only decided to rebrand the solution. ![]() The acquisition did not bring about changes to the core product functionality or the overall customer experience. It’s been established that their goal was not to target new customers, but what does this acquisition mean for new and existing customers? Intuit has been developing artificial intelligence and machine learning in products such as Quickbooks with customer’s data. The aim of the acquisition was to allow both platforms to work more seamlessly together, along with Intuit’s other platforms that provide invoicing and payroll.Īnother reason for it was to increase user data into its platform. In addition, the target markets for both services overlap greatly, being small to medium businesses. So why did Intuit decide to acquire TSheets? Prior to this, Intuit had an existing integration of TSheets and Quickbooks, an accounting software package developed and marketed by Intuit, with many satisfied customers using the service. This transaction was valued at approximately $340 million and the deal carried out as of 2018. Intuit, the parent company of Quickbooks, is an American business and financial software company that dwelves in financial and accounting related services for clients. In 2017, Intuit released an announcement regarding the acquisition of TSheets, and rebranded it to Quickbooks Time this year. After a few years, they initiated an integration with accounting and payroll software – QuickBooks. ![]() In 2008, TSheets released a native employee time tracking app for the iPhone. You can use this service on both your web browser or mobile phones. TSheets is the leading platform that accountants, small and medium businesses use for time- tracking and employee scheduling since 2006. Before diving into what happened to TSheets, let’s first understand a little more on what TSheets is! What is TSheets? This transaction has caused many users to be confused, as to where the product stands in the new company, and whether or not changes have been made. As many people may know, Tsheets was acquired by Intuit, and rebranded as well. ![]()
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