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QuickBooks Platform Expands With New Industry-specific Solutions
Company sets new standards for industry-specific segments by delivering on its "Right for My Business" strategy
MOUNTAIN VIEW, Calif. - May 14, 2003 - Addressing the specific needs of small businesses and accountants, Intuit Inc. (NASDAQ: INTU) today unveiled several new QuickBooks— financial products, including industry-specific offerings for nonprofit organizations and healthcare practices.

"Intuit research shows that more than 60 percent of our QuickBooks customers have requested industry-specific solutions," said Dan Levin, vice president and general manager of QuickBooks Financial Solutions. "In the 18 months since we launched the 'Right for My Business' strategy to address the needs of small businesses and accountants, the QuickBooks line has grown from four to 16 unique offerings. This includes solutions for larger and more complex businesses, as well as 'beyond accounting' offerings and products for specific industries, such as retailers and contractors."

In addition to industry-specific solutions for nonprofit organizations and healthcare practices, QuickBooks is introducing a financial statement reporter add-on product for the QuickBooks Accountant Editions. Other products include an updated version of QuickBooks Enterprise Solutions Business Management Software for growing, more complex small businesses, as well as new QuickBooks Enterprise Solutions offerings for contractors and accountants.

"Smaller companies have so much in common, from price sensitivity to lack of full-time technology staff, that it's easy to overlook how different they can be," said Raymond Boggs, vice president for small/medium business research at IDC. "Small firms really see themselves as industry participants first and don't want to change their preferred vocabulary and business practices to accommodate new software. By adding specialized financial solutions for healthcare practices and nonprofit organizations, Intuit will strengthen its position with current and potential customers looking to manage their own unique industry environments."

 
New and Updated QuickBooks Products
  • For Nonprofit Organizations — QuickBooks Premier: Nonprofit Edition and QuickBooks Enterprise Solutions: Nonprofit Edition are designed for nonprofit organizations with an operating budget of up to $5 million and that typically receive most of their funding from sources that do not designate the spending of their contributions. Nonprofit-specific features, including specialized reports and tools, help organizations more easily manage their finances, so they can spend more time furthering their cause. For more information, visit http://www.intuit.com/company/press_room
    /vpk_qb_nonprofit_editions/fast_facts.html.

  • For Healthcare Practices — QuickBooks Premier: Healthcare Edition and QuickBooks Enterprise Solutions: Healthcare Edition are specifically designed to help healthcare practices more effectively manage their finances and, in turn, increase profitability. Using the Healthcare Editions, practices in various specialties — including dentistry, mental health, chiropractics, veterinary medicine, optometry and other physician-based practices — can get more insight into how their practice is doing and gain more control of their financial data. For more information, visit http://www.intuit.com/company/press_room
    /vpk_qb_healthcare_editions/fast_facts.html.

  • For Accountants — QuickBooks Financial Statement Reporter is Intuit's first QuickBooks add-on software designed specifically to seamlessly integrate with QuickBooks Premier: Accountant Edition 2003 and any edition of QuickBooks Enterprise Solutions v 3.0. The Financial Statement Reporter allows accountants to create, customize and print complete sets of professional-looking financial statements in just three easy steps, right from within QuickBooks. For more information, visit http://www.intuit.com/company/press_room
    /vpk_quickbooks_premier_ae/statement_reporter.html.

    Also available is the new QuickBooks Enterprise Solutions: Accountant Edition, which is tailored for accountants serving small business clients using any version of QuickBooks Enterprise Solutions. It has the same features and functionality of QuickBooks Premier: Accountant Edition 2003 and QuickBooks Enterprise Solutions v 3.0 that accountants need to better serve their clients, as well as to better manage their own practice. For more information, visit http://www.intuit.com/company/press_room
    /vpk_quickbooks_premier_ae/fast_facts.html.

  • For Contractors — QuickBooks Enterprise Solutions: Contractor Edition is built specifically for growing, more complex contracting businesses. It features the same functionality of QuickBooks Premier: Contractor Edition 2003 — such as job costing, estimates and change-orders, and contractor-specific reports — plus the increased capacity, improved performance and tools contractors need for managing the intricacies of their business. For more information, visit http://www.intuit.com/company/press_room
    /vpk_quickbooks_premier_ce/fast_facts.html.

  • For Larger, Growing Businesses — QuickBooks Enterprise Solutions v 3.0 is the latest release of Intuit's comprehensive business management solution for growing, more complex small businesses with 20 to 250 employees. Product updates include performance enhancements, improved multi-location features and new automatic estimate-to-sales order functionality. For more information, visit http://www.intuit.com/company/press_room
    /vpk_quickbooks_es/fast_facts.html.

In addition to these new and updated QuickBooks products, Intuit also recently launched an updated version of its QuickBooks Point of Sale solution for small retailers (www.QuickBooksPOS.com).

 
Pricing and Availability:
The QuickBooks Premier: Nonprofit Edition and QuickBooks Premier: Healthcare Edition are priced at $379.95 for upgraders and $499.95 for new users. QuickBooks Financial Statement Reporter is priced at $319.95. Beginning May 19, these products can be purchased direct from Intuit by visiting www.quickbooks.com or by calling 1-888-4-INTUIT. The products also will be available for purchase in select stores in early June 2003.

All QuickBooks Enterprise Solutions versions are priced at $3,500 and can be purchased direct from Intuit starting May 19 by calling 1-800-811-8943.

QuickBooks users in need of local assistance with installation, set-up and QuickBooks advice can find a Certified QuickBooks ProAdvisor by visiting www.quickbooks.com/findadvisor.

 
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.

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