QuickBooks Online Suite Bolsters Productivity for Small Businesses
Updates Deliver Personalized and Complete Financial Management to
More Than 360,000 Subscribers
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--
Small business owners no longer have to be the jack of all trades. They
can be the jack of their own trade.
New additions to QuickBooks
Online and its suite of connected applications deliver a complete
financial management solution to any small business. Instead of making
due with a patchwork of many separate back-office solutions, small
business owners can personalize an all-in-one financial management
experience that runs the back office so they can be more productive and
focus on running their businesses.
For more than 360,000 paying small business subscribers, the online
financial management program from Intuit
Inc. (Nasdaq: INTU), makers of the best-selling QuickBooks
software, does more than accounting. As an open system, it adds value
through seamless integration with Intuit apps and third-party
apps, and mobile access to data.
"It's a transformative time for small businesses and their accounting
partners as online and mobile solutions become the norm," said Dan
Wernikoff, senior vice president and general manager of Intuit's
Financial Management Solutions division. "We're seeing 28 percent annual
growth in our QuickBooks Online customers, and saw our QuickBooks Mobile
users triple over the past year. We're committed to serving the needs of
this fast-growing community in the U.S. and abroad with innovations and
an always-on, hassle-free experience that helps small businesses save
time managing their finances."
More Power, More Flexible
The latest updates to the QuickBooks Online suite make it more powerful,
more flexible and easier to use than ever:
Unlock data to save time on critical tasks. The new Downloaded
Transactions feature borrows the ease of use in Mint.com
to help small businesses save significant time banking in QuickBooks
Online. Eliminating manual entry and minimizing errors, Downloaded
Transactions automatically imports and smartly categorizes new
transactions from a user's bank or credit card accounts. After users
categorize a transaction once, QuickBooks Online learns and applies
the rule. Users always control what transactions save to their books
and have the latest transactions at their fingertips without having to
log into bank or credit card accounts.
Small businesses can get paid faster with Money Bar, another new
feature. It centralizes income forms, including estimates, invoices and
sales receipts, summarizes totals for due or past due transaction items,
and then guides the user to take immediate action. A patent-pending
status bar shows progress as the user banks income, tracking a
transaction's status from estimate to paid.
Complete more key tasks on the go. Feature additions to
QuickBooks Mobile, such as the ability to record payments, provide
total access to invoices and customer balances in QuickBooks Online.
QuickBooks Mobile is a free companion app and is the most
comprehensive of its kind. It is available on Apple
Customize QuickBooks Online with third-party applications. New
add-ons fully integrate with QuickBooks Online data to create tailored
solutions that serve the distinct needs of every small business,
including project management and inventory management. Businesses can
try and buy apps at the Intuit
App Center, including premier solutions, such as Bill.com,
for QuickBooks and SOS
These updates to QuickBooks Online not only help small businesses spend
less time on accounting, they also improve client-accountant
"Downloaded Transactions and Money Bar are significant time-saving
additions to QuickBooks Online. They make online banking and income
tracking really efficient and ensure the user is always in control,
making mistakes a lot less common," said Stacy Kildal, a certified
public accountant, owner of Kildal
Services in Waterford, Mich. and co-host of RadioFreeQB.com.
"Seeing the delight on my clients' faces when they realize how much time
these improvements will save them never gets old to me. One client even
described the ability to stay on top of her receivables with Money Bar
‘a visible sense of accomplishment!'"
Learn more and sign up for QuickBooks Online at http://www.quickbooks.com/.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management
solutions for small and mid-sized businesses; financial institutions,
including banks and credit unions; consumers and accounting
professionals. Its flagship products and services, including QuickBooks®,
Quicken® and TurboTax®,
simplify small business management and payroll
processing, personal finance, and tax preparation and filing. ProSeries®
and Lacerte® are Intuit's
leading tax preparation offerings for professional accountants. Intuit
Financial Services provides enhanced online banking solutions and unique
insights to help banks and credit unions serve businesses and consumers
with innovative solutions.
Founded in 1983, Intuit had annual revenue of $4.2 billion in its fiscal
year 2012. The company has approximately 8,000 employees with major
offices in the United States, Canada, the United Kingdom, India and
other locations. More information can be found at www.intuit.com.
Intuit, the Intuit logo and QuickBooks, among others, are registered
trademarks and/or registered service marks of Intuit Inc. in the United
States and other countries.
Monica Appelbe, 650-944-5648
Whitney MacDonald, 415-844-6294
Source: Intuit Inc.
News Provided by Acquire Media
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