Latest news with #IntuitQuickBooks
Business Wire
29-07-2025
- Business
- Business Wire
Intuit Launches Intelligent Automations to Simplify Accounting for Businesses
LONDON--(BUSINESS WIRE)-- Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced today the launch of a series of new product innovations in Intuit QuickBooks, that deliver a more intelligent and automated accounting experience for businesses and their accountants across international markets. These enhancements reflect Intuit's commitment to continuous innovation—delivering both everyday efficiencies and breakthrough capabilities that redefine how businesses run and grow, and how accounting is done. They also mark the ongoing evolution of the Intuit platform, offering all-in-one-place business solutions that leverage AI to automate everyday tasks and manage complex workflows, bringing together the data they need, and eliminating the use of multiple disconnected tools. The full suite of innovations can be explored in detail at Intuit's new QuickBooks Launchpad; a central resource supporting users in staying up-to-date with what's new and what's next, in terms of product features and innovations. 1. QuickBooks Payments Late payments remain a significant challenge for businesses, with 73% of UK SMBs impacted by delayed payments, and 31% spending 20–30 hours per month chasing customers. Intuit has introduced a faster, more secure way to enable invoices to be settled*. QuickBooks Payments, now available in beta, allows QuickBooks users to connect their bank account to a pay now button on invoices, so that their customers can complete a direct payment in just a few clicks. Payments are automatically reconciled, keeping books up to date with minimal manual effort. This new functionality is fully integrated with QuickBooks Online and works across all devices, supporting quicker settlement times, and with competitive transaction fees. 2. AI-Powered Bank Feed Categorising bank transactions is one of the most repetitive and error-prone tasks in accounting. Intuit's new AI-powered bank feed in QuickBooks addresses this by learning from users' previous actions and suggesting categories based on historical patterns. Each suggestion is accompanied by a clear explanation, allowing users to review, approve, or amend with confidence—streamlining workflows and improving accuracy. This enhanced feed offers more accurate categorisation suggestions, allows for inline editing of fields (like category, supplier, class, location, and product/service), and provides payee suggestions with the ability to add new payees directly from the bank feed. This significantly boosts efficiency and provides full transparency on why each suggestion was made, allowing users to maintain control, whilst leveraging AI as much or as little as is needed. 3. Out-of-the-box support for depreciation methods Calculating depreciation on business assets can be complex, particularly for mid-sized businesses managing extensive or ageing asset portfolios. Intuit has streamlined and automated how its customers track the depreciation of fixed assets in QuickBooks Online Advanced, which now supports reducing balance depreciation, expanding its fixed asset capabilities to better meet the needs of finance teams. Previously limited to straight-line depreciation, users can now apply the reducing balance method by entering a rate, with QuickBooks automatically handling the calculations and updating reports. This approach provides a more accurate reflection of asset value over time. By automating this popular depreciation calculation and providing new filtering options of categories in the asset register, Intuit helps customers reduce manual errors, maintain compliance with accounting standards, and supports real-time reporting. 4. Construction Industry Scheme (CIS) enhancements Managing CIS obligations can be complex for contractors and their advisors. QuickBooks Advanced, Plus, Essentials and Simple Start plans now allow users to automatically bulk-send monthly CIS statements to subcontractors directly after filing. This update cuts hours of repetitive work each month, helping users stay organised and audit-ready. To further support compliance, new CIS reminders enable users to schedule email alerts ahead of each month's deadline. Admin users within QuickBooks can set up reminders and receive the alerts via email, making it easier to submit returns on time and avoid late filing penalties. QuickBooks also now supports direct subcontractor verification with HMRC. Users can check subcontractor status within the platform, store Government Gateway credentials securely, and view the date of verification, to help users know when re-verification is due. By reducing manual steps and consolidating key CIS tasks, these features offer a more efficient, compliant way to manage construction industry obligations. Ciarán Quilty, Senior Vice President of International at Intuit said: 'As businesses grow in size and complexity, we know that they need a financial technology platform that provides deeper customisation, enhanced automation and features to get critical jobs done. We're committed to listening to our customers to help businesses and accountants work smarter, not harder, whilst gaining the financial expertise and confidence they need to succeed. Driven by direct feedback from our customers, these latest innovations are powerful examples of how we're using AI to simplify financial workflows, improve accuracy, and give our customers more time to focus on what matters most. We're re-imagining our entire connected business platform and I couldn't be more excited about what's coming.' Aaron Patrick, ACA, FMAAT, and Head of Accounting at Boffix Ltd said: 'I jumped at the chance to switch to the new QuickBooks experience, and the AI-powered bank feed alone has already saved hours of manual review and given my clients greater confidence in their records. As an accountant, I'm especially looking forward to the roll out of the enhancements to CIS. This will help us deliver compliance more quickly and free up time to focus on providing more support for our clients.' Disclaimer: This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, and functionality are subject to change without notice. *Based on a 2023 survey commissioned by Intuit QuickBooks of 2,008 small-medium business owners. About Intuit Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at and find us on social for the latest information about Intuit and our products and services. Intuit Limited registered in England (Company No.: 2679414) Registered address and principal place of business: 5th Floor Cardinal Place, 80 Victoria Street, London, SW1E 5JL, England.
Business Wire
28-07-2025
- Business
- Business Wire
Intuit Launches New App Partner Program to Drive Growth for Third-Party Developers and Enhance Customer Experiences
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced the new Intuit App Partner Program, designed to foster innovation and provide enhanced support for its Intuit QuickBooks and Intuit Enterprise Suite app ecosystem. The new program introduces an improved developer experience, access to new APIs, and go-to-market initiatives that help developers and businesses on the Intuit platform grow. For more than two decades, the Intuit Developer program has been instrumental in powering millions of QuickBooks customer experiences through thousands of integrated applications. With access to the Intuit App Marketplace, businesses on the Intuit platform use apps to meet their unique industry-specific needs, streamline processes with deep data flows, and save time with integrated, done-for-you experiences that drive growth, all in one place. The new Intuit App Partner Program builds on this legacy, providing an industry-leading, engaging approach that encourages deeper partnerships and collaboration with developer partners of all sizes. "We're deeply committed to investing in our app ecosystem and empowering developers to integrate innovative and high-quality applications for our shared customers," said Joshua Hofmann, Vice President, Global Partner Ecosystems, Intuit QuickBooks. "The new Intuit App Partner Program represents a significant milestone in our commitment to foster a thriving developer community and deliver exceptional experiences for all businesses on the Intuit platform." New tiers, benefits, and access to APIs drive growth The new program introduces four distinct partner tiers – Builder, Silver, Gold, and Platinum – based on customer adoption and depth of the app integration with QuickBooks and Intuit Enterprise Suite. Each tier provides developers with resources, support, and access to new, impactful program benefits that help them create and enhance their integrations and grow their customer base. These new benefits, based on a developer's subscribed tier, include marketing opportunities, access to analytics to better understand usage of their app, early access to APIs, and more. 'Our new Platinum-level partnership with Intuit is more than just a badge, it's a shared commitment to helping accountants, bookkeepers, and businesses achieve bigger things,' said Sabby Gill, CEO of Dext, when commenting on the new program. 'Together, we're putting innovative and powerful tools in the hands of the people who move business forward, freeing them to focus on what really matters.' The launch of the new program also coincides with the availability of several new APIs that provide developers with richer functionality and deeper integration options with QuickBooks and Intuit Enterprise Suite. These new APIs, which include project management, sales tax, payroll, and more, help developers build integrations that grow with businesses as they scale, meeting the more complex needs of mid-market businesses. Pricing and Availability The new Intuit App Partner Program also introduces a new pricing model. It includes access to APIs at no charge and variable API fees, which are implemented as third-party apps grow their customer base on the Intuit platform. The new program also includes a flat monthly program fee based on developer tiers. The new fee structure allows Intuit to expand its investment in the overall partner program, including the ability to scale developer infrastructure and support, and provide access to better tools and richer APIs. The new Intuit App Partner Program is available in the US starting today. To learn more about the new program, visit the Intuit Developer website. About Intuit Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With approximately 100 million customers worldwide using products such as TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at and find us on social for the latest information about Intuit and our products and services. This information is intended to outline our general product direction, but represents no obligation and should not be relied on in making a purchasing decision. Additional terms, conditions and fees may apply with certain features and functionality. Eligibility criteria may apply. Product offers, features, functionality are subject to change without notice.
Digital Trends
16-07-2025
- Business
- Digital Trends
Grow your small business with Intuit QuickBooks Online — 90% off all plans!
For those who own a small business, and for those who are planning to launch one, you're going to need all the help that you can get to make sure that everything is always running smoothly. Intuit QuickBooks Online is a software solution that you can trust for this, and now's an excellent time to sign up for it because all plans are 90% off for three months, starting from $3.50 per month instead of $35 per month for the Simple Start plan, all the way up to $23.50 per month instead of $235 per month for the Advanced plan. You should hurry if you're interested, as the limited-time offer may expire at any moment! Why you should sign up for Intuit QuickBooks Online Intuit QuickBooks Online is cloud-based software that you can access from anywhere using your laptop or smartphone, as long as there's an internet connection. There are four plans available — Simple Start at $3.50 per month instead of $35 per month for one user, Essentials at $6.50 per month instead of $65 per month for three users, Plus at $9.90 per month instead of $99 per month for five users, and Advanced at $23.50 per month instead of $235 per month for 25 users. All plans have access to an automated bookkeeping system, automated bank feeds, a bill management system, auto-generated invoices, a customer management system, and a business performance feed, among many other helpful features for your small business. You'll also be able to get setup help and bookkeeping assistance from Live experts for 30 days. Some features of Intuit QuickBooks Online are powered by Intuit Assist, which uses artificial intelligence-powered automations for speed and efficiency. The Essential plan gives you access to the Accounting Agent for smarter bookkeeping and the Payments Agent for automated cashflow, the Plus plan adds the Customer Agent that turns leads into sales, and the Advanced plan throws in the Finance Agent that makes data-backed decisions for the future and the Project Management agent that creates and tracks projects. Plenty of small businesses have benefitted from the features of Intuit QuickBooks Online, and yours could be the next one. Sign up now while all plans are 90% off for three months, starting from as low as $3.50 per month to only $23.50 per month for the most comprehensive plan. There's no time to waste if you're interested in taking advantage of this limited-time deal — sign up now to start using Intuit QuickBooks Online as soon as possible!
Forbes
01-07-2025
- Business
- Forbes
How Small Businesses Can Use Credit Wisely In A Tough Economy
Juliana Berger is Director of Product Management for Intuit QuickBooks Payments. Small businesses are no strangers to economic turbulence. Labor shortages and rising costs have made it even harder to plan ahead. At the same time, interest rates and stricter lending criteria have significantly increased the cost of borrowing, which is often a lifeline for small businesses to grow—and even survive. These pressures are squeezing cash flow and forcing businesses to make hard choices about managing expenses and keeping operations running. Credit cards have become a financial lifeline for many businesses to stay afloat. They offer fast access to funds when needed most, especially for businesses with less cash in the bank. While credit cards can certainly help fill short-term gaps, relying too heavily on them without a long-term financial strategy may create even more uncertainty over time for businesses of all sizes. Understand credit cards' leverage and liabilities. When access to credit diminishes, so can businesses' ability to grow. Why? Interest rate hikes make borrowing more expensive and harder to secure. According to 'Credit Card Entrepreneurs' (download required), a new study by economists using anonymized data from Intuit QuickBooks, rate hikes that caused banks to pull back on financing resulted in an almost 16% decrease in credit card balances for small businesses, highlighting just how closely access to credit is tied to growth. But the flexibility of credit comes at a cost. The study also found that over a two-year period beginning in January 2021, businesses saw a 60% increase in interest charges, which contributed to an increase in delinquencies, a sign of how quickly costs can spiral without a clear repayment strategy. Know when to use credit and how much to carry. During the studied period, businesses were putting three times more toward credit card payments than term loans, proving how credit cards have become an essential part of cash flow management for many. But when faced with financial shocks or broader economic uncertainty, many businesses reduce their credit card payments by an average of 3.2%. However, they didn't adjust their savings or loan behaviors. Those habits compound risk over time, leading to higher interest charges and a greater chance of missed payments. Setting a few guardrails can go a long way in keeping credit use intentional and low risk. For example, avoid tapping credit for fixed monthly expenses such as rent or payroll, which should be covered by more predictable cash flow. Longer-term financing is also better suited for larger investments such as hiring, equipment purchases or expansion plans. Credit cards can best be used for variable, short-term needs. These could include purchasing inventory ahead of a busy season, covering emergency repairs or bridging short gaps in cash flow. One way to stay on top of repayment is to set a simple rule: For example, you could keep card balances under a certain percentage of your projected monthly income. It's also important to look beyond monthly minimum payments and understand the true cost of borrowing. Pay attention to payment terms and interest rates, such as when a 0% APR offer expires or whether early repayment is penalized. Many experts recommend keeping your credit utilization below 30% to protect your credit score. Credit can be helpful and shouldn't be ruled out for businesses as long as they have a clear plan to repay it. Improve invoice workflows so you don't need to rely on credit. The study also found that businesses with more overdue invoices were significantly more likely to report greater reliance on credit cards for financing than those with fewer. Credit often becomes the fallback when payments are delayed, filling the gap but potentially adding new costs. Improving invoice workflows can reduce that reliance. There are a few practical ways to tighten up the process. Setting clear, realistic payment terms upfront can help establish expectations on both sides. Additionally, if your client is paying you regularly, setting up automated, recurring payments can ensure you get paid on time. Internally, setting a clear process for handling late payments—such as adding fees for consistently missed payments—can reduce delays and confusion. Investing in payment processing that automates reminders and tracks payment status in one place can help keep things on track. Build a clearer picture before you borrow. New businesses often have less access to capital and fewer cash reserves, which can expose them to financial instability. Consider opening a line of credit before it's urgently needed. Lenders are more likely to approve applications when finances are healthy, not under pressure. Setting it up early increases the chances that funding will be available when needed. Forecasting can give these businesses a way to plan ahead and stay prepared. It offers a clearer view into when income is expected, how long reserves might last and when short-term funding might be needed. With the right tools, they can model different income scenarios and understand when cash flow might dip. It also clarifies how much runway is available and what repayment could look like. With that visibility, borrowing becomes a strategic decision, not a last resort, and growth stays within reach even when conditions shift. Credit has been a valuable tool for many businesses, helping them weather tough times and even grow. But it's important to remember that credit alone isn't a growth strategy. For lasting success, credit cards should be used intentionally, with a strategy behind them. The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation. Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify?
CNBC
27-06-2025
- Business
- CNBC
A step-by-step guide to setting up your QuickBooks account
As a small business owner, managing your company's finances, including tracking income and expenses and creating profit and loss reports, is a critical part of the job. Without an accountant on staff, one of the most efficient ways to handle these responsibilities is by using accounting software. One of the more popular options, Intuit QuickBooks, offers a full suite of accounting support, allowing businesses to organize financial information in one location and stay on top of essential accounting tasks. Setting up your QuickBooks account correctly, however, can seem daunting. To make the process easier, here's a step-by-step guide to help you get started. Costs may vary depending on the plan selected but take advantage of Summer Savings, offering 90% off for 3 months, for a limited time Tracks your business expenses as they happen, as well as your income. Users can use app to do invoicing, accept payments, manage their cash flow, maximize tax deductions, track travel miles, run reports, send estimates, manage bills and 1099 contractors, plus pay employees Yes Yes, bank and credit cards, plus third-party apps like PayPal and Square Accessible from any web browser and also offered in both the App Store (for iOS) and on Google Play (for Android) Verisign scanning, password-protected login, firewall protected servers and the same encryption technology (128 bit SSL) used by the world's top banks. QuickBooks also offers multiple permission levels that you can set for additional users' access Terms apply. QuickBooks is available as desktop and online software. QuickBooks Online can be accessed from any web browser or through a mobile app on a tablet and smartphone, making it a good choice for business owners who are frequently on the go. The plan options for QuickBooks Online include Simple Start, Plus, and Advanced, which range in price from $3.50 per month to $23.50 per month. The tiers also differ in complexity, making it important to review the features carefully in order to select the best plan for your business's needs. Simple Start, for instance, offers basic bookkeeping tools, while Plus offers more expansive support, including tracking project profitability, tracking inventory and managing multi-currency transactions. Advanced provides the most comprehensive accounting and financial support including financial planning, business analytics, managing employee expenses and 24/7 support and training. The desktop version of QuickBooks, known as QuickBooks Desktop Enterprise, is downloaded and installed on a computer. It offers more sophisticated accounting features for advanced users including inventory management, multi-company management and more. Once you've selected a QuickBooks plan and format, it's time to begin adding basic information about your company. This is where you enter your business name, business structure (such as LLC or sole proprietorship), industry, and contact. Information entered as part of this step will be the information your customers or vendors see on invoices, sales forms and other communications. Some of the additional details about your business that you'll provide as part of this step include: Linking your business bank and credit card accounts to your QuickBooks account is another important step in the set-up process. This integration allows QuickBooks to automatically import transactions, which streamlines your bookkeeping. Having your bank and credit card information imported saves time and reduces the potential for any human errors associated with manual data entry. It also helps ensure no income or expenses slip through the cracks, establishing a complete, accurate picture of your finances. This will come in handy while you're making spending decisions, applying for loans, or prepping for tax season. Once your financial accounts are connected, QuickBooks will automatically categorize your expenses. But you can also review, confirm and edit these categorizations — or even create custom categories. If you have recurring monthly expenses — like an Adobe or Canva subscription — you can create a new category in the QuickBooks system that will "bookmark" the charge, so it will know how to recognize and categorize it moving forward. Customizing your expense categories will be especially helpful when it comes to budgeting or forecasting. Establishing your chart of accounts is a critical set-up step that some experts suggest is best done with the assistance of a professional. The chart of accounts is a list of all the accounts that are part of your business's daily operations. Creating this correctly is essential for accurate bookkeeping. "Your chart of accounts determines how your income, expenses, assets, and liabilities are organized and reported," says Maria Anderson, co-founder of the business consulting firm Marico Consulting. "This step impacts everything: tax preparation, budgeting, forecasting, and your ability to read financials with clarity." The chart of accounts should be customized to reflect your business's unique needs and operations, rather than relying on generic categories. For example, if you have three income streams, you may want three income accounts so you can see what's most profitable. When establishing your QuickBooks account, you may also want to customize your sales settings. QuickBooks provides various options related to the type of information it collects and tracks when your business makes and records a sale. These details can be tailored to your business's needs during the set-up process, as well. Sales forms can be customized to include information related to shipping, discounts, service dates, tips, payment terms, late fees and more. Starting in July 2025, QuickBooks will also launch Agentic AI features into the platform, such as an accounting agent to automatically reconcile books and detect anomalies, a payments agent to manage invoicing, a customer agent to spot leads and draft emails, and a finance agenct to help provide insights and assist in financial decision-making. Your books are the foundation of every business decision, from hiring and pricing to taxes and fundraising. Mismanaged books can lead to missed deductions, late filings, and poor cash flow management. So as a small business owner, taking the time to set up your QuickBooks account correctly is an important effort, one that will help you manage your business more effectively, allow you to have an accurate picture of your financial standing, and save time. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every checking account review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information.
