QuickBooks. Our QuickBooks product line brings bookkeeping capabilities and
business management tools to small business users in an easy-to-use design that
does not require them to be familiar with debit/credit accounting. As part of
our Right for Me strategy, we offer a range of products to suit the needs of
different types of small businesses. These include QuickBooks Basic, which provides
accounting functionality suitable for smaller, less complex businesses; QuickBooks
Pro, which supports up to five simultaneous users; QuickBooks Premier, for small
businesses needing more advanced accounting functionality; and QuickBooks Enterprise
Solutions Business Management Software, designed for businesses with up to 250
employees. Our Premier and Enterprise products also come in a range of industry-specific
editions, including Accountant, Manufacturing and Wholesale, Retail, Non-Profit,
Contractor, and Professional Services. QuickBooks Online Edition provides Web-based
financial management tools that link multiple users and locations.
As part of our Right for Me strategy, we also offer the following business
solutions that go beyond accounting software to address a variety of small business
needs.
QuickBooks Point of Sale. Our QuickBooks Point of Sale offering helps retailers
manage customer transactions. The Basic version is suitable for single stores
that want to ring up sales using barcodes and track inventory and customer purchases.
The Pro version offers more advanced functionality such as serial number tracking
and the ability to process layaways and special orders while the Pro Multi-Store
version allows the transfer of information between stores.
Financial Supplies. We offer a range of financial supplies designed for small
businesses and individuals. These include paper checks, envelopes, invoices,
deposit slips, stationery and business cards. We also offer tax forms, tax return
presentation folders and other supplies for professional tax preparers. Our
customers can personalize many products to incorporate their logos and use a
variety of color, font and design options.
QuickBooks Do-It-Yourself Payroll. Provides payroll tax tables, forms and electronic
tax payment and filing on a subscription basis to small businesses that prepare
their own payrolls.
QuickBooks Technical Support. We offer several technical support options to
our QuickBooks customers. These include a free self-help information section
on our QuickBooks.com Web site as well as support plans that are sold separately
and priced based on the level of personal assistance and response time the customer
requires.
Innovative Merchant Solutions. We offer a full range of merchant services to
small businesses nationwide. These include credit and debit card processing
services and Web-based transaction processing services for online merchants.
Intuit Developer Network. The Intuit Developer Network is an initiative that
encourages third-party software developers to build applications that exchange
data with QuickBooks and other Intuit products by giving them access to certain
application programming interfaces.
Intuit-Branded Small Business
We offer Intuit-branded business management solutions for small and medium-sized
businesses that include outsourced payroll, information technology management
solutions and accounting and business management solutions designed to meet
the specialized requirements of businesses in four selected industries.
Outsourced Payroll. Our outsourced payroll services consist of QuickBooks Assisted
Payroll Service, Complete Payroll and Premier Payroll Service. QuickBooks Assisted
Payroll Service provides the back-end aspects of payroll processing, including
tax payments and filings, for customers who process their payrolls using QuickBooks.
Complete Payroll provides traditional, full service payroll processing, direct
deposit, check delivery and tax payment services. We offer Complete Payroll
with QuickBooks integration or on a standalone basis. We also continue to provide
full service outsourced payroll to our Premier Payroll Service customers.
Intuit Information Technology Solutions. Our Intuit Track-It! products and
services offer small and medium-sized businesses robust tools to track and support
their information technology assets and resources. Intuit Track-It! provides
information technology managers with comprehensive asset management and help
desk solutions. Intuit Information Technology Solutions also offers network
management solutions and consulting and training services.
Intuit Distribution Management Solutions (IDMS). IDMS offers Intuit Eclipse
software and related technical support, consulting and training services for
small and medium-sized companies in the wholesale durable goods industry.
Intuit Real Estate Solutions (IRES). IRES offers MRI Residential software for
residential property managers, MRI Commercial software for commercial property
managers and CRE Manager software for corporate property managers. IRES also
offers technical support, consulting and training services for these software
products. IRES has subsidiaries in five international locations.
Intuit Construction Business Solutions (ICBS). ICBS offers Intuit MasterBuilder
software and related technical support, consulting and training services for
small and medium-sized businesses in the construction industry.
Intuit Public Sector Solutions (IPSS). IPSS offers Intuit Fundware software
and related technical support, consulting and training services for nonprofit
organizations, universities and government agencies. In August'2004, management
formally approved a plan to sell IPSS.
Consumer Tax
Our Right for Me strategy in Consumer Tax strives to offer tax return preparation
products and services that appeal to customers who are in a variety of life
stages. Our current solutions include:
Consumer Tax Return Preparation Offerings. Our TurboTax products and services
are designed to enable individuals and small business owners to prepare their
own federal and state personal and business income tax returns easily, quickly
and accurately. They are designed to be easy to use, yet sophisticated enough
for complex tax returns. We offer a range of desktop software products as well
as TurboTax for the Web, an interactive tax preparation service that enables
individual taxpayers to prepare their federal and state income tax returns entirely
online. One of our premium offerings, TurboTax Premier, addresses the unique
income tax needs of investors, those planning for retirement and rental property
owners. In addition, our innovative Instant Data Entry feature enables taxpayers
to import data directly into their tax returns from Form W-2s (wages), Form'
1098s (mortgage interest) and Form'1099s (interest, dividends and stock transactions)
from approximately 65 participating financial institutions and payroll service
companies. This feature saves TurboTax users time and increases accuracy.
Electronic Filing Services. Through our electronic filing center, our desktop
and Web-based tax preparation customers can electronically file their federal
income tax returns, as well as state returns in all states that support electronic
filing.
Intuit Tax Freedom Project. Under the Intuit Tax Freedom Project, a philanthropic
public service initiative of the Intuit Financial Freedom Foundation, we provide
online federal income tax return preparation and electronic filing services
at no charge to disadvantaged and underserved federal taxpayers. We are a member
of the Free File Alliance, a consortium of private sector companies that signed
a three-year agreement with the federal government in October'2002 under which
a number of private sector companies, rather than the federal government, are
providing Web-based federal tax preparation and filing services at no cost through
voluntary public service initiatives. Unless the government or the consortium
elect to terminate the agreement, it will renew every two years in perpetuity
after the October'2005 expiration of the initial term.
Professional Tax
Our Professional Tax segment provides a variety of software and services for
accountants in public practice who serve multiple clients. We design, create,
sell and support offerings that help professional accountants provide accounting,
tax planning and tax compliance services to their individual and business clients
and that help them manage their own practices more effectively. Our current
tax software products include ProSeries and Lacerte. For the 2004 tax year,
we will offer two new products: ProSeries'Basic Edition, designed for the needs
of smaller tax practices, and ProSeries'Express Edition, designed for tax practices
that focus on helping taxpayers obtain their tax refunds quickly. Customers
can elect to license professional tax products for a flat fee for unlimited
annual use, or use them on a 'pay-per-return' basis. ProSeries, ProSeries'Basic,
ProSeries'Express and Lacerte customers can file their clients' tax returns
using Intuit's electronic filing services. In addition, Intuit' EasyACCT' Professional
Accounting Series (which allows accountants to create financial statements and
prepare tax forms such as W-2s and 940s for their clients), Lacerte Tax Planner
and ProSeries'Fixed Asset Manager help accountants provide a fuller spectrum
of services to their clients.
Other Businesses
Quicken Software. Our Quicken line of desktop software products helps users
organize, understand and manage their personal finances. Quicken allows customers
to reconcile bank accounts, record credit card and other transactions, write
checks, and track investments, mortgages and other assets and liabilities. Quicken
also allows customers to flag their tax-related financial transactions and download
that information into our TurboTax consumer tax software. We offer basic and
deluxe versions of the product as well as Quicken Premier, which offers more
robust investment and tax planning tools; Quicken Premier Home and Business,
which allows customers to manage both personal and small business finances in
one application; and Quicken for Mac.
Quicken.com and Other Online Services. Our Quicken.com personal finance Web
site allows visitors to learn more about and acquire our offerings. The site
also gives visitors access to Web-based financial tools, resources and objective
information from Intuit and third-party providers about a variety of personal
finance topics, including mortgages, insurance, taxes, banking and retirement,
and allows Quicken personal finance software users to monitor their investments
online. We offer other online services that we sell separately for a fee, including
Quicken-branded bill payment via the Web or the Quicken desktop product. In
addition, Quicken offers access to online banking services provided by various
financial institutions and Intuit markets a Quicken-branded affinity credit
card. Any visitor to Quicken.com can also link directly to third-party providers
of other services, such as insurance and mortgages. We receive revenue from
financial institutions and other companies that sell their products and services
via Quicken.com or the Quicken desktop product.
Canada and the United Kingdom. In Canada, we offer versions of QuickBooks that
we have 'localized,' that is, customized to meet the unique needs of customers
in that specific international location. These include QuickBooks software offerings,
payroll offerings and service plans. We also offer QuickTax' and TaxWiz consumer
tax return preparation software; ProFile' Financial Application Suite professional
tax preparation products and ProFile Advisor memberships for accountants; and
localized versions of Quicken in Canada. In the United Kingdom, we offer localized
versions of QuickBooks (including products and services sold in partnership
with banks) and Quicken, as well as TaxCalc consumer tax return preparation
software.
Other Locations. We license localized versions of QuickBooks and Quicken products
in selected European markets through local distributors and agents. We also
license localized versions of QuickBooks and Quicken products in Australia,
New Zealand and Singapore through a development, marketing and distribution
arrangement with Australia-based Reckon Limited. In addition, we have a branding
agreement for QuickBooks in China and a distribution arrangement for QuickBooks
and Quicken in South Africa.
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