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Show Me the Money: Quicken 2006 Provides Instant Insights Into Spending Habits

Aug 1, 2005

Personal Finance Software Boasts 121 New Features and Improvements Including Ability to Attach Electronic Documents and Statements

MOUNTAIN VIEW, Calif. - August 01, 2005 - "Show me the money!" demanded Rod Tidwell, the fast-talking football superstar played by Cuba Gooding Jr. in the 1996 hit movie Jerry Maguire. The more important financial demand according to financial advisors, however, is "show me where the money is going."

"Whether you are making $20,000 a year or $20 million, having a good understanding of where your money is going is the foundation of financial planning," said Lucas Bucl, financial planning specialist with Accredited Investors, Inc. of Edina, Minn. "Creating a plan to reach your financial goals usually involves saving or spending on some level. Cash flow management is essential to overall financial success."

Intuit Inc. (Nasdaq: INTU) today launched Quicken® Personal Finance Software 2006 for Windows, giving users instantaneous answers to their most important financial questions. Quicken customer research shows that the number-one reason people use personal finance software is to see where their money is going. Quicken 2006 now provides instant insights into everyday budgeting questions.

Quicken also provides users with greater control and access to their entire personal finance history and records by attaching documents such as checks, receipts, warranties, and electronic statements right in the product - making filing cabinets virtually obsolete.

These two unique features and 119 other customer-recommended improvements show why, 22 years after its debut, Quicken is the best-selling personal finance software program and continues to be the most robust personal finance software product available to consumers.

Easily See Exactly Where the Money Goes

"Did I pay my last telephone bill?" "Has it increased over the last few months?" "How much have I spent on dining or gasoline over the last 30 days?"

New pop-up instant insight reports give users answers to some of their most frequently asked questions. The reports appear in Quicken's most frequently used areas - the checking, savings and credit card registers - and no longer force users to spend extra time looking for the correct report or changing report parameters to best answer these key questions.

With just one click, they can now see exactly where they've spent their money, which bills they've paid, and how today's spending patterns compare with recent months. Instant one-click insights give users confidence to control their spending and plan for tomorrow.

One Place for all Financial Data and Records

Quicken 2006 gives users further control over their entire financial life by attaching electronic images and statements right in the software. This eliminates the need to maintain a completely separate filing system for paper financial records. Items such as cancelled checks, receipts for tax-related expenses, Web site shopping confirmations, warranties, and invoices can now be attached directly to the corresponding transaction in Quicken for easy reference later. Account statements can also be easily attached to Quicken, further eliminating the mountain of paper from home offices.

"The real value of attaching images in Quicken becomes clear during an IRS audit," said Peter Karpas, vice president and general manager, Quicken Solutions Group. "You'll need copies of charitable contribution checks, and other records going back as far as three years."

Currently, banks only make that information available for three to six months, well short of the IRS requirement of saving personal financial records.

"When you need the information the most, often there are fees associated with getting your own information back, not to mention the hassle of retrieving the data," Karpas said. "Now Quicken stores everything you need for as long as you need it."

More Customer-Recommended Improvements

Year after year, Quicken employees learn first hand from customers how to improve the product by visiting them in their homes. Through this "Follow Me Home" program employees learn how people use Quicken, what they like about it, and more importantly what they don't like about it. Wendy Padmos of Calif. was one of dozens of volunteer participants in last year's program.

"When the Quicken team came to my house, I thought they just wanted to find out how they could better advertise to me and people like me, but it wasn't that at all," said Padmos. "It was much more customer-focused. They wanted to know how I used their product, what was important to me, and what was not important to me. I told them I would like the ability to see my current spending against my average spending over the last 12 months, and now it's in the product!"

In addition to what the Quicken team calls "Wendy's Report," Quicken 2006 introduces many other new features and improvements based on customers requests. Improvements include:

  • A remodeled reports center providing easier access to the reports that matter most to users including standard and custom reports.
  • Five new spending reports that provide greater insight into spending trends.
  • The ability to edit data directly within reports.
  • The ability to save reports and invoices to .PDF format for easy emailing.
  • A more extensive keyword search function.
  • The ability to enter and edit directly from the investment register.
  • Up-to-date model investment portfolios.

"The way Quicken continues to innovate and wow customers two decades after its debut is simple," said Karpas. "We communicate with our customers, we listen, and we give them exactly what they ask us for and more."

Product Availability and Pricing

Quicken Personal Finance Software 2006 will be available for purchase or download directly from Intuit at and beginning today will be widely available in retail stores.

The suggested retail prices are:

  • Quicken 2006 Basic: $29.95.
  • Quicken 2006 Deluxe: $59.95.
  • Quicken 2006 Premier: $79.95.
  • Quicken 2006 Premier Home & Business: $89.95.
A $20 mail-in rebate for all purchasers of Quicken Deluxe, Premier and Home & Business expires Nov. 30, 2005. Quicken also offers customers a 60-day money back satisfaction guarantee. Prices and rebates are subject to change and vary among retailers and distributors.
  About Intuit Inc. Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants.

Founded in 1983, Intuit had annual revenue of nearly $1.9 billion in its fiscal year 2004. The company has nearly 7,000 employees with major offices in 13 states across the U.S., and offices in Canada and the United Kingdom. More information can be found at .

Intuit, the Intuit logo and Quicken, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.

Note to Editors: For more information about Quicken Personal Finance Software 2006, including screen shots, box shots, sample data, and customer videos, please visit: and select "Quicken for Windows 2006" from the Virtual Press Kits menu.

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