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QuickBooks Simple Start Edition Grows from Zero to 100,000 Users in Little over a Year
Thousands Switch to Simple Start Each Month to Get a Jump Start on Business Success
Mountin View, Calif., - Oct. 12, 2005 - A year after the launch of QuickBooks Simple Start Edition, Intuit Inc. (Nasdaq: INTU) has again successfully filled a gap in meeting the financial management needs of small businesses. More than 100,000 small businesses have chosen Simple Start Edition, the majority of which have abandoned paper and pencil or spreadsheet accounting, with thousands more continuing to switch each month.

According to sales information from The NPD Group, Simple Start Edition has outsold all competing financial and productivity software products this calendar year at retail. At the same time, Simple Start Edition represents one of Intuit's most successful new product launches in recent years.

Simple Start Edition is another example of Intuit's broader initiative to drive simplicity across the company's entire product line. It delivers breakthrough ease-of-use, focusing exclusively on three business tasks: tracking money coming in, money going out and maintaining crucial records such as tax receipts, customer data and vendor information. There are no manuals to read and small businesses owners don't have to know accounting or accounting jargon because the software helps them perform essential business tasks using common, familiar terms like "money in" versus "receivables" and "invoices that haven't been paid" versus "aging report."

Simple Start is one of the few accounting software solutions that offers customers the choice of either an online or desktop application. Customers enjoy the productivity benefits of either version right away due to the easily accessible and familiar Web-like interface. Many businesses can be fully up running in 15 minutes - less time than it takes to order a pizza.

"I've tried other products that are supposed to be easy to get up and running," said Leslie Anderson of Blue Oval Ranch in Salem, Ore., a company she runs with her husband that sells classic cars online. "After struggling to learn it, I bought Simple Start. It's exactly what I need. It took me only 15 minutes to get started, and tells me how much money I have, how much is coming in, and how much is going out. Everything is right there."

In addition to business use, Simple Start is an emerging standard in teaching small business owners how to manage their finances. A growing number of the nation's 1,000- plus Small Business Development Centers, a program administered by the Small Business Administration that provides counseling and training for local businesses, use Simple Start in their financial management classes.

"Simple Start is the right product for 90 percent of my start-up clients and can serve them well through their first few years," said Peter D. Pappas, regional director of the Connecticut Small Business Development Center. "It has training wheels - tutorials and detailed help with quick links to related help on every screen. This helps my clients be more successful with their books."

Customers who have taken the advice to try Simple Start agree. "Before I started using Simple Start, my finances were in a state of chaos," said Joy Richard of Engineered Solutions in Attleboro, Mass. "Money was all over the place and I kept track of it using receipt books and paper - just like in the 1960's! When I started using Simple Start it spelled everything out and I easily pulled myself out of this mess."

 
Enhanced Customization
Customer feedback shows that the first release of Simple Start Edition, launched last year, was highly successful in meeting the need for simplicity and essential money management features. With an intense focus on seeking customer-driven improvements, Intuit continued to reach out to these small businesses to learn what it could do better.

The biggest enhancement request was for more options to customize forms. As a result, Intuit responded with a key enhancement that gives customers the ability to customize important business forms like invoices, credit memos, sales receipts and estimates to project a polished, professional image to their business clients. Simple Start 2006 includes new template designs and a range of fonts and designs. Customers can now select the specific fields on each form and can choose the font size, color scheme and layout that meet their needs.

"With Simple Start 2005, I was limited to just adding my company name, address and logo to my forms. Sure it was simple, but it wasn't exactly what I wanted," said Kelly Herold of the Buffalo County Historical Society. "It's really important to me that every piece of paper that leaves my office looks really good. Simple Start 2006 lets me pick from different layouts and decide exactly what information the customer sees on the invoice. It's still simple to use, but now much more professional looking."

 
Simplicity As You Grow
Simple Start Edition is part of QuickBooks complete ecosystem of Right for Me products and services. QuickBooks is the only product family that grows with small businesses from startup to mid-market. QuickBooks: Simple Start Edition users can later choose another QuickBooks version, which uses the same platform and therefore eliminates the need for any data migration, changes to business workflows or new product training. Businesses can use QuickBooks: Simple Start Edition with the desktop version of TurboTax® software, QuickBooks Customer Manager and integrated credit card acceptance services from Intuit's Merchant Account Service.
 
Pricing and Availability
QuickBooks Simple Start Edition 2006 will be available in desktop and online versions for $99.95 in late October 2005 at www.quickbooks.com or by calling (877) 683-3259. Starting in early November, Simple Start Edition will be available at major software retailers nationwide including, but not limited to Amazon.com, Best Buy, CDW, Circuit City, CompUSA, Costco, Fry's Electronics, Office Depot, OfficeMax, Sam's Club, Staples, Target Stores and Walmart.
 
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized 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 had annual revenue of more than $2 billion in its fiscal year 2005. 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, QuickBooks and Simple Start Edition, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
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