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Intuit's latest web-based service for tracking expenses, paying bills, and creating invoices, QuickBooks Online is designed for "storing information on bank accounts, employee information, customers and vendors", according to the Macworld report.
Moreover, a Profit & Loss section for viewing of income and expenses for multiple time periods, such as the last month, quarter, year, or month-, quarter-, and year-to-date is also available, the report notes.

The QuickBooks Online web interface is able to integrate with several of the iPhone's other applications, like the Maps application, although the report also mentions that the editing of information via the iPhone interface is not possible.

However, one potential hiccup is that "QuickBooks Online requires a Windows-based machine running Internet Explorer", but Intuit has said that the company is "working on making the service Mac-friendly. In the meantime, the service is limited to those Mac users who also have PCs, or use Windows on solutions such as Boot Camp and virtualization products like Parallels Desktop and VMWare Fusion", according to macworld.com.