New QuickBooks 2.1 for DOS adds complete cash basis reporting and QuickPay payroll

Business Wire, April 18, 1995

MENLO PARK, Calif.--(BUSINESS WIRE)--April 18, 1995--New version 2.1 of QuickBooks for DOS, Intuit's popular, easy-to-use small business accounting program, now has complete cash basis reporting and includes QuickPay payroll at no additional charge. Additionally, QuickBooks 2.1 for DOS includes a trial balance report and an export to Intuit's TurboTax for Business.

Version 2.1 delivers additional functionally to users who run their company on a cash basis. The addition of QuickPay at no extra charge provides added value to small business people with payroll needs. These new features enhance the powerful accounting capabilities already in QuickBooks such as invoicing, accounts receivable, accounts payable, financial reports and project and job costing.

COMPLETE CASH BASIS REPORTING

QuickBooks 2.1 for DOS lets a user set up an entire company on a cash or accrual basis. Business people who use a mix of cash and accrual basis reporting can easily toggle individual reports between cash and accrual basis. All relevant reports are now available on a cash basis including:

-- balance sheet -- transaction report -- general ledger report -- itemized income/expense report -- sales report -- tax schedule report -- budget vs. actual report

QUICKPAY NOW INCLUDED AT NO ADDITIONAL CHARGE

QuickBooks 2.1 for DOS also includes QuickPay 3.0 for DOS at no additional charge. QuickPay completes payroll tasks in minutes, including calculating pay and deductions, creating paychecks, and providing reports of payroll tax liabilities. QuickPay speeds year-end processing by printing employees' Form W-2. And users who subscribe to QuickPay's Tax Table Update Service are assured of having the latest federal and state payroll tax changes.

In addition, users of new QuickBooks 2.1 for DOS can now create a traditional trial balance report showing the balance of each account in the traditional two-column accounting format that accountants frequently request.

Other additions to QuickBooks 2.1 for DOS include an easier way to file income taxes, with a new link that allows businesses organized as corporations, subchapter-S corporations and partnerships to quickly and easily export income tax information to the TurboTax for Business tax preparation software program.

PRICING AND SYSTEM REQUIREMENTS

QuickBooks 2.1 for DOS is available now directly from Intuit (800-781-6999) and from leading retail stores. The street price is approximately $99.

System requirements are:

-- IBMb PC, XT, ATb, PS/1b, PS/2b, Tandy or other IBM compatible PC running DOS 3.3 or higher (DOS 5.0 recommended)

-- 640K RAM

-- 4 MB hard disk space (8 MB recommended)

-- Works with any monitor and printer, or money back, guaranteed.

ABOUT QUICKBOOKS

With QuickBooks' breakthrough ease of use, small-business people need not learn accounting jargon; they simply fill in familiar checks, invoices and forms on the computer screen and QuickBooks does all the accounting. Information needs to be entered only once, and QuickBooks' intelligent QuickFill can even anticipate an entry and automatically fill it in after the first few letters. Mistakes can be easily and quickly corrected.

QuickBooks keeps track of profits and losses, both overall and on any job or project. The program tracks accounts that are overdue, reminds users what bills to pay and when, and tells users how much cash is available at any given time. QuickBooks pre-set and custom reports provide critical information for business decisions.

ABOUT INTUIT

Intuit Inc., based in Menlo Park, CA, is a leading developer of personal finance, small business accounting and tax preparation software. The company develops and markets software products and services that enable individuals and small businesses to automate commonly performed financial tasks. Intuit's Quicken, QuickBooks and QuickPay products allow users to manage their personal and small business finances. The company's popular TurboTax, Personal Tax Edge, MacInTax and ProSeries software programs enable consumers, small businesses and professional tax preparers to prepare their own and their clients' income tax returns. Products such as It's Legal and Your Mutual Fund Selector provide information for plans and decisions. Intuit also provides supplies and services, such as the Quicken Visa card with IntelliCharge, Bank On-Line and Pay On- Line to further automate finances. -0- Note to Editors: Intuit, It's Legal, Personal Tax Edge, Quicken, QuickBooks, TurboTax and MacInTax are registered trademarks of Intuit Inc. ProSeries, QuickPay, Your Mutual Fund Selector, IntelliCharge, Bank On-Line and Pay On-Line are trademarks of Intuit Inc. Visa is a registered trademark of Visa International, Inc.

CONTACT: Intuit Inc.

Celia Saino, 415/329-6936

Debra Kelley, 415/833-6538

Wilson McHenry Co.

Liz Einbinder, 415/638-3400