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Intuit's Enhanced Retail Solution Helps Small Business Retailers Improve The Bottom Line
QuickBooks® Point of Sale Helps Small Business Retailers Make Better Decisions Regarding Inventory and Sales
MOUNTAIN VIEW, Calif. - April 21, 2003 - Intuit Inc. (NASDAQ: INTU) today launched its newest tool to help small business retailers manage their businesses better - Version 2 of the popular QuickBooks® Point of Sale Solution for Retailers. The second release of Intuit's retail solution offers several new features and enhancements designed to help small business retailers track and manage their inventory, customer and sales information easily and accurately.

QuickBooks Point of Sale is a comprehensive, easy-to-use and affordable PC-based point of sale (POS) solution for small business retailers. The complete solution includes a set of QuickBooks Point of Sale software and POS hardware peripherals, including receipt printer, bar code scanner, credit card reader and cash drawer. The QuickBooks Point of Sale software application itself can also be purchased separately.

"With QuickBooks Point of Sale, I can get a clear picture of demand versus stock at any time," said Darragh Howard, owner of California-based Rockridge Two Wheels, a dealer of motorized and electric scooters and accessories. "QuickBooks Point of Sale has been a great help in getting my business off the ground!"

"Small business retailers tell us they are looking for an affordable solution that meets their critical retail needs, and Version 2 of QuickBooks Point of Sale gives them exactly that," said Michael Mauerer, director of retail product management at Intuit. "Retailers will be thrilled with the essential information and valuable insights into their business that QuickBooks Point of Sale offers, delivered with the drop-dead simplicity for which QuickBooks is so well known."

QuickBooks Point of Sale tracks inventory, sales and customer information, and provides useful reports on important retail data to help small business retailers manage their business better. QuickBooks Point of Sale does this by ringing up sales easily, tracking inventory automatically, and providing the information about customers that will help retailers keep them as customers. The new release offers a full range of capabilities to help retail storeowners make smarter decisions about their business, while providing them ultimate control over mission-critical activities. New capabilities include:

  • New Tools to Make it Easier to Get Started and Learn — With a new Data Import Tool, retailers can save time and reduce manual entry errors by importing their lists of customers, vendors and inventory items from Excel directly into QuickBooks Point of Sale software. Also, with a new sample company data file, new users can quickly learn to use QuickBooks Point of Sale with practice data.
  • Layaway Tracking and Sales Orders Help Retailers Better Serve Their Customers — With the new layaway tracking feature, retailers can allow their customers to pay over time for big-ticket items. Additionally, they can use the new sales order feature to track customer orders such as back orders and special orders. The result: QuickBooks Point of Sale allows retailers to serve their customers better - so customers become increasingly satisfied and loyal.
  • Inventory Assemblies for Better Inventory Management — New in Version 2, retailers can combine multiple items into a single offering, such as a gift basket or a set of furniture. This enhancement saves retailers time while raising the accuracy and reliability of inventory data.
  • Additional Features Help Retailers Save Time, Reduce Errors, and Look More Professional
    Additional new features in Version 2 include:
    • Support for Price Tag bar code printer - with a bar code tag printer, available direct from Intuit, retailers can create a variety of barcode tags and labels to better track inventory and ring up sales quickly and accurately.
    • Support for customer pole display - Also available direct from Intuit, an optional pole display can improve the customer's purchase experience by displaying item prices and totals as the salesperson rings up each item.
    • Export report data to an Excel spreadsheet in one easy step.
    • Retailers can now conveniently record and track petty cash expenses made from the cash drawer using QuickBooks Point of Sale.
    • Customize user privileges - Owners can protect their company data by limiting employee access to the information that the employees need to do their jobs.
    • More form designs - New receipt and purchase order form designs give retailers more options for choosing the forms that meet the needs of their customers and vendors.
    • More ways to customize reports - Retailers can create reports that better address their business questions by customizing columns, titles, fonts and more.

As with all QuickBooks products, QuickBooks Point of Sale is simple and easy to use and learn, for both retailers and employees - with no special training necessary. The software features a simple set-up interview with clear explanations and links to detailed help information on every screen. Additionally, users can quickly and easily transfer key financial information (such as sales data) into QuickBooks financial software (sold separately), eliminating manual data entry and helping to ensure greater accuracy.

Pricing and Availability
The suggested retail price for QuickBooks Point of Sale Solution for Retailers is $1,499.95*, including both hardware and software components. QuickBooks Point of Sale Software for Retailers is priced at $799.95*. With expected availability in May, Version 2 of QuickBooks Point of Sale offerings can be purchased at select stores, including CompUSA®, Fry's Electronics, Office Depot™, SAM'S CLUB™ and Staples®, direct from Intuit by calling 1-800-926-6066, and from QuickBooks Professional Advisors. (*Prices subject to change.)

For more information about QuickBooks Point of Sale, visit http://www.QuickBooksPOS.com.

 
About Intuit Inc.
Intuit Inc. (NASDAQ: INTU) is a leading provider of business and financial management solutions for small 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 has annual revenue of more than $1 billion. 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 www.intuit.com.

 
The testimonial featured in this announcement represents the individual experience of one customer. Intuit does not guarantee that results will apply to all customers.

Intuit, the Intuit logo, Quicken, QuickBooks, Quicken Loans, QuickBooks Pro, QuickBase, TurboTax, ProSeries and Lacerte, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Quicken.com and Intuit Master Builder, among others, are trademarks and/or service marks of Intuit Inc., or one of its subsidiaries, 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.

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