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	<title>Latest Accounting Software News &#187; QuickBooks</title>
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		<title>Intuit Reports TurboTax Sales Through March 17, 2007</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-reports-turbotax-sales-through-march-17-2007/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-reports-turbotax-sales-through-march-17-2007/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 07:21:05 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[Reiterates Guidance for Fiscal 2007
MOUNTAIN VIEW, Calif. &#8211;   March 21, 2007 &#8211;  Intuit Inc. (Nasdaq: I TU) today announced the second of three season-to-date sales updates for its fiscal year 2007 consumer tax products and services. Through March 17, 2007, total TurboTax federal unit sales increased 1 percent over the same period [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Reiterates Guidance for Fiscal 2007</strong></p>
<p>MOUNTAIN VIEW, Calif. &#8211;   March 21, 2007 &#8211;  Intuit Inc. (Nasdaq: I TU) today announced the second of three season-to-date sales updates for its fiscal year 2007 consumer tax products and services. Through March 17, 2007, total TurboTax federal unit sales increased 1 percent over the same period last year.</p>
<p>&#8220;We are pleased with online unit sales over the past month and have about one-third of the online season still to come,&#8221; said Brad Henske, senior vice president and general manager of consumer tax. &#8220;For the full season, we expect total unit growth of 3 percent to 5 percent. The changes we made to our product lineup and our pricing strategies are resulting in higher average selling prices both in retail and online. Given these results, we&#8217;re confident in reiterating our 10 percent to 15 percent segment revenue growth guidance.&#8221;</p>
<p>Intuit also reiterated its fiscal 2007 guidance for the company and other segments previously provided in its Feb. 22, 2007 earnings release.</p>
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		<title>Intuit is Changing the Face of Online Banking</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-is-changing-the-face-of-online-banking-2/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-is-changing-the-face-of-online-banking-2/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 06:32:25 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[Recent Acquisition of Digital Insight Already Producing Next-Generation Solutions
MOUNTAIN VIEW, Calif. &#8211; March 13, 2007 &#8211; Digital Insight&#174;, an Intuit company, today announced the upcoming release of Personal FinanceWorks and Small Business FinanceWorks, two products expected to lead the next generation of online banking. The product announcement comes just five weeks after Intuit Inc. (Nasdaq: [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Recent Acquisition of Digital Insight Already Producing Next-Generation Solutions</strong><br />
<strong>MOUNTAIN VIEW, Calif. &#8211; March 13, 2007</strong> &#8211; Digital Insight&reg;, an Intuit company, today announced the upcoming release of Personal FinanceWorks and Small Business FinanceWorks, two products expected to lead the next generation of online banking. The product announcement comes just five weeks after Intuit Inc. (Nasdaq: INTU) completed the acquisition of Digital Insight. Personal FinanceWorks is expected to be released this summer; Small Business FinanceWorks in the fall.</p>
<p>These revolutionary new offerings, which will change the face of online banking, are the first in a series of new product introductions planned by Digital Insight and Intuit for the financial institution marketplace. Financial institutions will soon be able to offer better, easier and more integrated financial management tools to their consumer and small business customers, making current online banking tools seem outdated and static.</p>
<p>Together, the combined entities will create solutions that solve customer problems in a way that will be tough for others to match. Intuit brings its customer-driven innovation product development process, which over the last two decades has created easy-to-use solutions like Quicken&reg;, QuickBooks&reg; and TurboTax&reg;. Digital Insight brings its ability to provide completely outsourced online banking solutions at world-class levels of security, reliability and stability, which has delighted nearly 1,800 financial institution clients for more than a decade.</p>
<p>In addition, Digital Insight&#8217;s service-oriented architecture supporting these solutions will enable financial institutions to rapidly add new functionality over time while still providing a seamless end-user experience.</p>
<p>&#8220;For the last 10 years, financial institutions have made great progress establishing a Web presence and enabling customers to conduct some of their financial business online, but it&#8217;s time to deliver much more,&#8221; said Jeff Stiefler, president of Intuit&#8217;s financial institutions division. &#8220;Combining the unique strengths of Intuit and Digital Insight will enable us to provide consumers and small businesses with more control over their financial lives than they have ever had, while helping financial institutions become the financial hub for their customers.&#8221;<br />
<strong><br />
Giving Consumers Control and Insight into Their Cash Flow</strong><br />
Personal FinanceWorks represents a major advancement to the current online banking offerings used by 43 million households and will solve many of the most important day-to-day financial management needs identified through hundreds of in-home customer observations:</p>
<p>    *<strong> Managing all bills in one place:</strong> Current online banking offerings generally only show users the bills paid through their bill payment product &#8211; a service only half of all online banking households use. Personal FinanceWorks will let users manage all of their monthly bills and obligations on their bank or credit union&#8217;s online site, regardless of the method used to pay bills. This will help customers meet their monthly obligations, reduce late fees and ensure healthy credit ratings.</p>
<p>    * <strong>Knowing their Real Balance™:</strong> The No. 1 reason people visit an online banking site is to see how much money they have available to spend. Most current online banking solutions only show customers their cleared balance, leaving them to wonder exactly how much money they have available. Personal FinanceWorks users will see the cleared balance as well as their Real Balance, which includes checks written and upcoming scheduled bills and deposits.</p>
<p>    * <strong>Getting control over their spending:</strong> Very few online banking sites today show users where they are spending their money. With Personal FinanceWorks, users will be able to easily view and customize spending reports. Armed with this information, users will have the ability to make changes that will help them spend less and save more.</p>
<p><strong>Uncovering and Benefiting From Millions of Invisible Small Businesses</strong><br />
There are more than 22 million small businesses that are currently &#8220;invisible&#8221; to and therefore underserved by financial institutions. They are invisible because about half of these business owners use pencil, paper and spreadsheets to manage important tasks and fund their business via their personal checking account.</p>
<p>&#8220;Existing online banking solutions fail to address the key financial issues faced by the vast majority of small business owners, including the need to manage both personal and business transactions in one place,&#8221; said Susan Feinberg, research director for wholesale banking at TowerGroup, an industry analyst. &#8220;Financial institutions that offer a single platform to support the full range of personal and business activity and at the same time provide more advanced business features for growing companies are likely to win market share in the highly competitive race to capture small business banking customers.&#8221;</p>
<p>Small Business FinanceWorks will be the first integrated online solution that will help small businesses easily manage their most important administrative jobs. Instead of using a combination of tools to manage important tasks &#8211; such as cash flow, payroll, invoicing and taxes &#8211; a single secure log-in at a businesses&#8217; bank or credit union online banking site will let small business owners:</p>
<p>    * <strong>Understand and control cash flow:</strong> Small Business FinanceWorks will include all the features of Personal FinanceWorks to help business owners manage their cash flow, pay bills and suppliers, and separate their business from personal finances, making tax time much easier.</p>
<p>    *<strong> Create professional-looking invoices and easily receive payments from customers:</strong> Invoicing customers will no longer be a painful manual process as businesses will be able to easily create, print, e-mail and track invoices. Their customers can click a link in the e-mail to pay their bill online, making it easy to bring funds into the business and offering payment convenience.</p>
<p>    * <strong>Easily accept credit card payments:</strong> By implementing a &#8220;virtual terminal,&#8221; invoices and payments will be integrated so small business owners can accept credit card payments online, over the phone, or in person.</p>
<p>    * <strong>Easily and efficiently manage payroll:</strong> Paying employees is a time-consuming and daunting task for small business owners who handle payroll themselves. The Internal Revenue Service says it takes approximately 13 hours to fill out quarterly payroll reports, and that more than one-fourth of those resulted in penalties. Small Business FinanceWorks uses the same tax calculations and forms engines of QuickBooks Payroll &#8211; the payroll leader among small businesses with almost 1 million customers &#8211; enabling small business owners to run their own payroll in minutes and automatically fill in payroll tax forms.</p>
<p><strong>The Benefit for Financial Institutions</strong><br />
Customers currently spend 22 minutes per week on their online banking solution. With these new products, banks and credit unions will offer customers a much more advanced online solution that will likely increase the relevance of the financial institution in their customers&#8217; lives. In turn, financial institutions will have the opportunity to learn more about their customers and their financial needs, establish deeper relationships and cross-sell opportunities with them, and gain new customers through word of mouth.</p>
<p>&#8220;FinanceWorks is a huge leap forward in online banking,&#8221; said Lisa Welander, senior vice president and chief information officer of Heritage Bank in Olympia, Wash., after reviewing the products. &#8220;Finally, we will have solutions that will help us simplify the financial management tasks of hard-to-reach consumers and small businesses that have traditionally fallen between the retail and commercial platforms. Offering these products to our customers will help them manage their financial lives and give us an online means to broaden our relationship with them.&#8221;</p>
<p>Another industry research firm praised the effort to bring new solutions to financial institutions, consumers and small businesses.</p>
<p>&#8220;Other companies are talking about the next generation of online banking solutions, but to date, it&#8217;s been mostly talk. Digital Insight is delivering,&#8221; said Jeanne Capachin, vice president of global banking, Financial Insights.</p>
<p>Digital Insight was acquired by Intuit on Feb. 6. Together the companies serve more than 5,000 financial institutions, nearly 25 million consumers and nearly 7 million small businesses. </p>
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		<title>Intuit Prices $1 Billion Senior Note Offering</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-prices-1-billion-senior-note-offering/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-prices-1-billion-senior-note-offering/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 06:12:32 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

		<guid isPermaLink="false">http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-prices-1-billion-senior-note-offering/</guid>
		<description><![CDATA[MOUNTAIN VIEW, Calif. &#8211;   March 8, 2007 &#8211;  Intuit Inc. (Nasdaq: INTU) has announced that it priced a $1 billion public debt offering on March 7. The offering of investment-grade senior unsecured notes includes $500 million in five-year notes having a yield-to-maturity of 5.40 percent, and $500 million in 10-year notes having [...]]]></description>
			<content:encoded><![CDATA[<p><strong>MOUNTAIN VIEW, Calif. &#8211;   March 8, 2007</strong> &#8211;  Intuit Inc. (Nasdaq: INTU) has announced that it priced a $1 billion public debt offering on March 7. The offering of investment-grade senior unsecured notes includes $500 million in five-year notes having a yield-to-maturity of 5.40 percent, and $500 million in 10-year notes having a yield-to-maturity of 5.81 percent.</p>
<p>The notes earned a Baa2 issuer rating by Moody&#8217;s Investors Service, Inc. and Standard &#038; Poor&#8217;s assigned a BBB- rating to the notes. Intuit expects to use the proceeds from the offering to repay outstanding bridge debt used to finance the recent acquisition of Digital Insight Corporation. Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. acted as Joint Bookrunners, and Morgan Stanley &#038; Co. Incorporated acted as Joint Lead Manager.</p>
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		<title>Thousands of Businesses Abandon Complex ERP Systems for QuickBooks Enterprise Solutions</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/thousands-of-businesses-abandon-complex-erp-systems-for-quickbooks-enterprise-solutions/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/thousands-of-businesses-abandon-complex-erp-systems-for-quickbooks-enterprise-solutions/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 06:09:40 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

		<guid isPermaLink="false">http://www.business-software.com/accounting/accounting-news/2007/03/26/thousands-of-businesses-abandon-complex-erp-systems-for-quickbooks-enterprise-solutions/</guid>
		<description><![CDATA[Powerful Mid-Market Application Combines Ease With Affordability; New Tools Available Make Switching Quick and Painless
MOUNTAIN VIEW, Calif. &#8211;   March 6, 2007 &#8211;  More than 6,000 growing businesses and mid-market companies have switched to Intuit&#8217;s (Nasdaq: INTU) QuickBooks Enterprise Solutions from other more complex solutions. These customers are part of the 38,000 who [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Powerful Mid-Market Application Combines Ease With Affordability; New Tools Available Make Switching Quick and Painless</strong></p>
<p><strong>MOUNTAIN VIEW, Calif. &#8211;   March 6, 2007</strong> &#8211;  More than 6,000 growing businesses and mid-market companies have switched to Intuit&#8217;s (Nasdaq: INTU) QuickBooks Enterprise Solutions from other more complex solutions. These customers are part of the 38,000 who have already selected Enterprise Solutions to run their businesses. The move to change systems is driven by the demand for powerful functionality combined with a level of ease and affordability that millions of customers have come to expect from Intuit. For most, this eliminates the need to spend tens-of-thousands of dollars on product licenses, implementation, training and support associated with complex enterprise resource planning (ERP) systems.</p>
<p>There are various reasons businesses are switching to Enterprise Solutions. Many are frustrated with the complex interfaces and high cost of conventional ERP systems. Others using DOS-based or custom-built systems are no longer receiving support and upgrades, and want to transition their business-critical data to an updated solution to take advantage of evolving technologies, meet customer and vendor needs, or guard against down-time in the event of a system crash.</p>
<p>&#8220;I was working 10-hour days when we were on MAS 500 and 75 percent of it was spent just fixing software related problems. It slowed us down and was a definite impediment to our growth &#8211; that&#8217;s just not acceptable from a system that cost $100,000,&#8221; said Jason Haddock, director of finance at Redmond Trading Company in Heber, Utah. &#8220;QuickBooks Enterprise Solutions was the answer to all our problems. It was a mere fraction of the price and much easier to manage. The ease of use allows our employees to focus on customer service. And because our customers are getting such good service, they are increasingly coming back to us. It&#8217;s been an absolutely wonderful experience.&#8221;</p>
<p><strong>Make the Switch to Intuit</strong><br />
To make it easier for businesses to take advantage of its mid-market application, Intuit is now offering tools to make the transition quick, easy and painless for firms looking to switch from a complex, expensive system or upgrade from a small business accounting package . The site includes information about Enterprise Solutions to help businesses prepare for a switch, such as webinars, case studies and links to QuickBooks Enterprise Solution Providers that can offer local support. The site will also provide companies with access to a dedicated team of experts who can assist in migrating business data from a number of common mid-market applications to Enterprise Solutions.</p>
<p>&#8220;Mid-sized companies are often stuck between solutions that are inadequate for their needs, and those that are overly expensive and too complex,&#8221; said Laurie McCabe, vice president, SMB Insights and Business Solutions at AMI-Partners. &#8220;As most businesses grow or become increasingly multifaceted, they need solutions that offer power and flexibility, but are easy to use and won&#8217;t break the bank. That&#8217;s where QuickBooks Enterprise Solutions pays off big time for customers.&#8221;</p>
<p><strong>Unique Functionality Mid-Market Businesses Need</strong><br />
New for 2007, Enterprise Solutions 7.0 gives users the capability to add a hundred thousand or more inventory items, customers and vendors &#8211; an increase of more than 400 percent over previous versions and includes powerful reporting and inventory management tools. Powered by an underlying Sybase iAnywhere SQL database, companies can continue to rely on Enterprise Solutions as they grow without an impact on the product&#8217;s performance. The software also gives customers the choice between five, 10, 15 and 20 concurrent users, enabling them to easily select a version that is tailored to their size and easily add more users when necessary. In addition, administrators can customize user access with more than 115 areas and activities for security purposes.</p>
<p><strong>Ease That Competitive Solutions Can Only Envy</strong><br />
For the past 15 years, QuickBooks&#8217; award-winning user interface has taken the complexity out of accounting for small businesses and Enterprise Solutions is no exception. Plus, the software is designed to work the way mid-market businesses work, so it is not necessary to change current business processes. Many customers who have switched cited ease-of-use a key factor in their decision.</p>
<p><strong>Costs Thousands Less Than Alternatives</strong><br />
Enterprise Solutions starts as low as $3,000, making it the most affordable solution available for mid-market companies. In addition, the software can be installed in hours instead of months and does not require a VAR or integrator to implement and train employees. The price also includes one year of Intuit&#8217;s Full Service Plan, which entitles customers to 24/7 technical support from a dedicated support engineer, product upgrades, data recovery and reporting services and interactive training tools. Other solutions may charge thousands per year for upgrades alone and charge additional fees for support. To further its commitment, Intuit also assures customer satisfaction by offering a 60-day money-back guarantee.</p>
<p><strong>Part of the QuickBooks Ecosystem</strong><br />
Another attraction for customers is Intuit&#8217;s unmatched ecosystem of more than 3 million QuickBooks users. Customers can instantly become part of a community that enables networking, best practice sharing and collaboration. Intuit also offers the largest network of third-party add-on applications of any accounting software through its Solution Marketplace.</p>
<p>For companies with more complex needs, Intuit offers a growing network of local, certified QuickBooks Enterprise Solution Providers, experts who can help customize, integrate and provide additional training on the software.</p>
<p>All customers are also invited to the annual QuickBooks Enterprise User Conference from June 12 &#8211; 14, 2007, taking place in San Diego, Calif., to learn to tap into the power of Enterprise Solutions, network with peers and collaborate with support engineers, developers and Intuit executives. </p>
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		<title>Intuit Introduces Quicken Kids &amp; Money</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-introduces-quicken-kids-money/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-introduces-quicken-kids-money/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 05:48:19 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[New Program Makes Financial Literacy as Fundamental to Kids as Buckling up or Brushing Teeth
MOUNTAIN VIEW, Calif. &#8211; March 6, 2007 &#8211; Tackling the enormous need to educate kids about money, Intuit Inc. (Nasdaq: INTU) today introduced Quicken&#174; Kids &#038; Money, a Web-based program that helps parents teach their five- to eight-year-old children how to [...]]]></description>
			<content:encoded><![CDATA[<p><strong>New Program Makes Financial Literacy as Fundamental to Kids as Buckling up or Brushing Teeth</strong></p>
<p><strong>MOUNTAIN VIEW, Calif. &#8211; March 6, 2007</strong> &#8211; Tackling the enormous need to educate kids about money, Intuit Inc. (Nasdaq: INTU) today introduced Quicken&reg; Kids &#038; Money, a Web-based program that helps parents teach their five- to eight-year-old children how to earn, spend, save and share their money wisely through real life experiences and using real money. Quicken Kids &#038; Money addresses a critical need for early financial education that can instill good habits to last a lifetime.</p>
<p>In April 2006, the Jump$tart Coalition for Financial Literacy gave high school seniors a basic financial literacy test where the average score was a shocking 52.4 percent. And in a less formal yet engaging discussion with a first-grade class, Intuit employees discovered first-hand what five-year-olds had to say about money. Kids told interviewers: &#8220;There are 50 quarters in a dollar,&#8221; &#8220;My dad makes $10 million a year,&#8221; and &#8220;Money comes from the money place.&#8221;</p>
<p>With credit card debt at an all-time high and 40 percent of Americans living beyond their means, there has never been a better time to help get future generations on the path toward financial literacy. Parents who have pre-tested the program say it reduces the parent-child conflicts over money, while increasing their child&#8217;s sense of financial independence, responsibility, and decision-making skills.</p>
<p>&#8220;Parents have begun to recognize that their kids don&#8217;t know enough about how to manage money and not all of them have the opportunity to learn about it in school,&#8221; said Laura Levine, Executive Director of the Jump$tart Coalition for Personal Financial Literacy, a national coalition dedicated to preparing young people for life-long successful financial decision-making. &#8220;Intuit has created a solution that tackles this problem in the home, and this can begin to change and instill behaviors that can make a positive difference in the lives of people.&#8221;</p>
<p>&#8220;The Quicken Kids &#038; Money program teaches my kids how to handle money and determine the value of things,&#8221; said Lisa Sherman of Springfield, New Jersey. &#8220;And more important, they are learning to be better customers. It makes them accountable and keeps me on track where I might [otherwise] let them slide. What&#8217;s not to love?&#8221;</p>
<p><strong>Five components to financial education</strong><br />
The Quicken Kids &#038; Money program contains five key components:</p>
<p>    * Quicken Kids &#038; Money Welcome Kit &#8211; This package is filled with tools to get started, including colorful money pouches that give kids their own place to put their money and an easy Getting Started Guide.</p>
<p>    * Step-by-Step Lessons &#8211; These tutorials help parents teach their children about money using real-life situations and allowance. Children&#8217;s responsibility grows as they soon begin using their new-found skills and habits. Some lesson examples include delaying gratification, setting goals, and discovering the rewards of earning money by doing odd jobs.</p>
<p>    * Members-only Web site &#8211; A resource for parents with information from specialists about motivation, chores, allowance and more. It includes ongoing guidance from Quicken&#8217;s panel of education specialists, and access to a rich library of information on topics including setting an allowance, motivating children and encouraging responsibility.</p>
<p>    * Parent Discussion Boards &#8211; An online community linking to other parents in the program. Users can learn what other parents are doing, post their own opinions, experiences, share success stories and get help with any questions they may have.</p>
<p>    * The KidsZone &#8211; A fun and safe place for kids to learn online as they interactively build money habits and skills. Kids can manage their budgets and practice new money skills while playing games, doing activities and interacting with &#8220;Reggie the Register,&#8221; their animated KidsZone host.<br />
<strong><br />
Pricing and availability</strong><br />
Quicken Kids &#038; Money is available online at www.quickenkidsandmoney.com for $99.99.</p>
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		<title>Intuit to Announce Season-to-date TurboTax Sales Results on March 22 and April 19</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-to-announce-season-to-date-turbotax-sales-results-on-march-22-and-april-19/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-to-announce-season-to-date-turbotax-sales-results-on-march-22-and-april-19/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 05:46:24 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[MOUNTAIN VIEW, Calif. &#8211;   March 2, 2007 &#8211;  Intuit Inc. (Nasdaq: INTU) will release season-to-date sales updates for its fiscal year 2007 consumer tax products and services on March 22 and April 19, following the close of market.
The updates will include season-to-date end-user purchase data based on the company&#8217;s best assessment of [...]]]></description>
			<content:encoded><![CDATA[<p><strong>MOUNTAIN VIEW, Calif. &#8211;   March 2, 2007</strong> &#8211;  Intuit Inc. (Nasdaq: INTU) will release season-to-date sales updates for its fiscal year 2007 consumer tax products and services on March 22 and April 19, following the close of market.</p>
<p>The updates will include season-to-date end-user purchase data based on the company&#8217;s best assessment of unit sales.</p>
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		<title>Intuit to Present at the Morgan Stanley Conference</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-to-present-at-the-morgan-stanley-conference/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-to-present-at-the-morgan-stanley-conference/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 05:36:14 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[MOUNTAIN VIEW, Calif. &#8211;   Feb. 27, 2007 -  Intuit Inc. (Nasdaq: INTU) announced today that Steve Bennett, its president and chief executive officer, will present at the Morgan Stanley Technology conference in San Francisco on Tuesday, March 6.
]]></description>
			<content:encoded><![CDATA[<p><strong>MOUNTAIN VIEW, Calif. &#8211;   Feb. 27, 2007 </strong>-  Intuit Inc. (Nasdaq: INTU) announced today that Steve Bennett, its president and chief executive officer, will present at the Morgan Stanley Technology conference in San Francisco on Tuesday, March 6.</p>
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		<title>The Only Thing Better Than TurboTax? Free TurboTax</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/the-only-thing-better-than-turbotax-free-turbotax/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/the-only-thing-better-than-turbotax-free-turbotax/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 05:32:33 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[Act Fast. File Free.
SAN DIEGO &#8211; Feb. 23, 2007 &#8211; America&#8217;s most trusted, do-it-yourself online tax preparation service is now available for free for a limited time. TurboTax&#174; Free Edition  is ideal for taxpayers filing simple returns who don&#8217;t want or need extra tax guidance. With TurboTax Free Edition, consumers can easily and accurately [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Act Fast. File Free.</strong></p>
<p><strong>SAN DIEGO &#8211; Feb. 23, 2007</strong> &#8211; America&#8217;s most trusted, do-it-yourself online tax preparation service is now available for free for a limited time. TurboTax&reg; Free Edition  is ideal for taxpayers filing simple returns who don&#8217;t want or need extra tax guidance. With TurboTax Free Edition, consumers can easily and accurately prepare and electronically file their federal tax return at no cost.</p>
<p>&#8220;This is a great opportunity for a wider range of taxpayers to use TurboTax and find out what millions of other people already know,&#8221; said Brad Henske, senior vice president of Intuit&#8217;s Consumer Tax Group. &#8220;TurboTax is the leader for a reason. It&#8217;s easy, accurate, and now for a limited time, it&#8217;s free.&#8221; </p>
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		<title>Intuit Announces Second-Quarter Revenue of $763M In Line with Expectations</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-announces-second-quarter-revenue-of-763m-in-line-with-expectations/</link>
		<comments>http://www.business-software.com/accounting/accounting-news/2007/03/26/intuit-announces-second-quarter-revenue-of-763m-in-line-with-expectations/#comments</comments>
		<pubDate>Tue, 27 Mar 2007 05:28:32 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[MOUNTAIN VIEW, Calif. &#8211;   Feb. 22, 2007 &#8211;  Intuit Inc. (Nasdaq: INTU) today announced its second-quarter 2007 revenue increased 3 percent year-over-year to $763 million, in line with expectations. For the first six months of the fiscal year, the company reported revenue growth of 8 percent.
Growth in the quarter was driven by [...]]]></description>
			<content:encoded><![CDATA[<p><strong>MOUNTAIN VIEW, Calif. &#8211;   Feb. 22, 2007</strong> &#8211;  Intuit Inc. (Nasdaq: INTU) today announced its second-quarter 2007 revenue increased 3 percent year-over-year to $763 million, in line with expectations. For the first six months of the fiscal year, the company reported revenue growth of 8 percent.</p>
<p>Growth in the quarter was driven by strong sales in Consumer Tax, which were up 18 percent over the year-ago period, and Payroll and Payments segment, which was up 15 percent year-over-year. This growth was offset partly by revenue shifts in QuickBooks and Pro Tax, which moved about $45 million in revenue from the second quarter to the first and third quarters, compared to last year.</p>
<p>&#8220;We are pleased with the early results of TurboTax and the continued strength in our Payroll and Payments segment,&#8221; said Steve Bennett, Intuit&#8217;s president and chief executive officer. &#8220;We are also excited by the recent acquisition of Digital Insight, which will provide a third platform for growth as we go forward.&#8221;<br />
<strong><br />
Second-Quarter 2007 Financial Highlights</strong><br />
Intuit posted GAAP (Generally Accepted Accounting Principles) diluted net income of $145 million in the quarter versus diluted net income of $183 million in the second quarter of 2006. This represents diluted net income of $0.40 per share versus diluted net income of $0.50 per share in the year-ago quarter. Second quarter 2006 results included $28 million, or 7 cents per share, from discontinued operations. Intuit posted non-GAAP diluted net income of $161 million, or $0.45 per share versus $174 million, or $0.48 per share in the second quarter of 2006.<br />
<strong><br />
Second-Quarter 2007 Business Segment Results</strong></p>
<p>    * QuickBooks second quarter revenue was $164 million. The earlier launch of QuickBooks 2007 versus QuickBooks 2006 shifted about $20 million of revenue from the second quarter to the first quarter. Year-to-date QuickBooks revenue was up 5 percent.<br />
    * Payroll and Payments revenue of $138 million was up 15 percent compared to the second quarter of 2006.<br />
    * Consumer Tax revenue was $226 million, up 18 percent year-over-year.<br />
    * Professional Tax revenue was $131 million, down 13 percent as a result of changes in product offerings, which deferred approximately $25 million to the t ird quarter.<br />
    * Other Businesses revenue of $105 million was up 1 percent.<br />
<strong><br />
Forward-looking Guidance</strong><br />
Forward-looking guidance has been adjusted to reflect the acquisition of Digital Insight, the disposition of certain fully outsourced payroll assets, and a lower effective tax rate. For fiscal 2007 Intuit now expects:</p>
<p>    * Revenue of $2.625 billion to $2.675 billion, representing annual growth of 12 to 14 percent.<br />
    * GAAP operating income of $585 million to $611 million, and non-GAAP operating income of $725 million to $751 million.<br />
    * GAAP diluted earnings per share, or EPS, of $1.10 to $1.14, and non-GAAP diluted EPS of $1.33 to $1.37.</p>
<p>Intuit also adjusted its previously given third quarter, fourth quarter and full year fiscal 2007 guidance for revenue and earnings per share, details of which are available on Intuit&#8217;s Web site</p>
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		<title>ADP Signs Agreement to Acquire Intuit&#8217;s Fully Outsourced Payroll Business</title>
		<link>http://www.business-software.com/accounting/accounting-news/2007/03/26/adp-signs-agreement-to-acquire-intuits-fully-outsourced-payroll-business/</link>
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		<pubDate>Tue, 27 Mar 2007 05:14:08 +0000</pubDate>
		<dc:creator>Jack Johnson</dc:creator>
				<category><![CDATA[QuickBooks]]></category>

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		<description><![CDATA[Acquisition Complements ADP&#8217;s Long-term Growth Strategy; Expands Presence in the Small Business Space Delivering Fully Outsourced Payroll Solutions

ROSELAND, N.J., and MOUNTAIN VIEW, Calif. &#8211; Feb. 22, 2007 &#8211; ADP&#174; Employer Services, a division of Automatic Data Processing, Inc. (NYSE: ADP) and Intuit Inc. (Nasdaq: INTU) today announced they have entered into a definitive agreement whereby [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Acquisition Complements ADP&#8217;s Long-term Growth Strategy; Expands Presence in the Small Business Space Delivering Fully Outsourced Payroll Solutions</strong><br />
<strong><br />
ROSELAND, N.J., and MOUNTAIN VIEW, Calif. &#8211; Feb. 22, 2007</strong> &#8211; ADP&reg; Employer Services, a division of Automatic Data Processing, Inc. (NYSE: ADP) and Intuit Inc. (Nasdaq: INTU) today announced they have entered into a definitive agreement whereby Intuit will transition its Premier customers and a portion of its Complete Payroll customers to ADP, representing up to 25,000 customers in total. These are business customers who prefer to completely outsource their payroll-related tasks to a third-party provider. ADP Employer Services is a leader in outsourced payroll, human resources and benefits administration solutions. Intuit is a leading provider of financial management software.</p>
<p>This strategic acquisition enables ADP to continue to grow its customer base and leverage its core competencies. &#8220;With approximately 400,000 small business clients, ADP has a long history of helping business leaders successfully grow their companies through our simple and affordable outsourced payroll and payroll-related solutions,&#8221; said Alan Sheiness, president of ADP Small Business Services. &#8220;We are excited to provide these Intuit clients with the benefit of our full-service outsourcing solutions to help them meet their business goals.&#8221;</p>
<p>&#8220;Transitioning this portion of our approximately 1 million payroll customer base to a best-in-class, fully-outsourced payroll provider allows us to focus our resources on offering easy-to-use and efficient services to customers who want to control their payroll and to those customers who want some assistance from accountants or Intuit&#8221;, said Ginny Lee, vice president and general manager of Intuit&#8217;s Small Business Payroll business. &#8220;Intuit committed to delivering world-class customer service and support.&#8221; After the transaction is complete, Intuit will focus on its comprehensive portfolio of payroll services for those customers who prefer to control some or all payroll-related tasks.</p>
<p>Together, ADP and Intuit are dedicated to ensuring a seamless customer experience for those customers who transition.</p>
<p>The acquisition is subject to regulatory review and other customary closing conditions.</p>
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