Intuit Unveils New QuickBooks 2003 Financial Product Line; Delivering on the ''Right for My Business'' Strategy, Intuit Expands Offerings to Give Businesses More Choices

Business Wire, Nov 13, 2002

Business Editors/High-Tech Writers

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 13, 2002

Intuit Inc. (Nasdaq:INTU), a leading provider of business and financial management solutions for consumers, businesses and accounting professionals, today introduced the new line-up of QuickBooks(R) products for 2003.

New financial solutions for small businesses include the new release of QuickBooks, specialized versions of QuickBooks for contractors and accountants, as well as an updated version of QuickBooks Enterprise Solutions Business Management software for larger and more complex businesses. These products, along with the recently announced Intuit(R) Payroll Services Complete Payroll, are in alignment with the three key elements of Intuit's "Right for My Business" strategy: 1) deliver industry-specific solutions for different types of businesses, 2) offer accounting solutions for larger and more complex businesses, and 3) offer business solutions that extend beyond accounting to business management.

"With the QuickBooks 2003 products, no one else gives small businesses the power to manage their companies as effectively as Intuit," said Dan Levin, vice president and general manager of QuickBooks Financial Solutions. "If you are in the construction business, we have a solution for you. If you are an accountant, QuickBooks has you covered. And if your business is just starting out or growing in size or complexity, we have a QuickBooks financial solution right for your business, too."

The new 2003 line-up includes: QuickBooks(R) Premier, Pro and Basic 2003; QuickBooks(R) Online Edition v 7; QuickBooks(R) Premier: Contractor Edition 2003; QuickBooks(R) Premier: Accountant Edition 2003; and QuickBooks(R) Enterprise Solutions Business Management Software v 2. Intuit also recently introduced Intuit Payroll Service Complete Payroll, the only full service outsourced payroll solution that can be used directly from within QuickBooks, which makes the entire payroll process faster, more convenient and more accurate for users.

In conjunction with Intuit's announcement, nearly 70 third-party developers, all members of the Intuit Developer Network, are announcing new products or services separately available for purchase that integrate with QuickBooks 2003. These applications range from automotive and construction applications to task-specific applications built for real estate, manufacturing and transportation businesses. (see separate press releases). Additional information about third-party applications and services that share data with QuickBooks 2003 products can be found on the QuickBooks Solutions Marketplace through http://www.quickbooks.com or directly at http://marketplace.intuit.com.

"For over a decade, Intuit has been delivering easy-to-use financial applications that empower small businesses to leverage technology to help make effective daily business decisions," said Helen Chan, senior small and medium business analyst at the Yankee Group. "The new QuickBooks product line demonstrates that the company listens and responds to their small business customers' industry-specific and company-specific needs. Intuit's continued focus on the small business market and large installed customer base position the company well in providing solutions that tangibly solve small businesses' pain points."

New QuickBooks Financial Solutions

-- QuickBooks Premier 2003 -- QuickBooks Premier 2003 gives users

the power to run their businesses more effectively. New

integrated FedEx(R)shipping service and the newly added

feature, QuickBooks Employee Organizer -- which provides

compliance guidance, reports and up-to-date information on

federal and state laws to help businesses better manage

employee administration -- allow users to run the essentials

of their business right from within QuickBooks. QuickBooks

2003 also features sales orders and inventory control features

and new planning and improved analysis tools to help users

take their businesses to the next level by gaining better

insight into their business and planning for the future. And

new customization options make the product easier-than-ever to

use.

QuickBooks Premier, Pro and Basic 2003 are priced for new users at $499.95, $299.95 and $199.95 respectively. Intuit will begin taking orders on Nov. 19, 2002. 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. For more detailed information, visit www.intuit.com/company/press_room/vpk_quickbooks.> -- QuickBooks Online Edition v 7 -- The latest release of

QuickBooks Online Edition gives users a fast and easy way to

run their businesses with all the added freedom and

convenience of the Web. New features include the option to

have bills, checks, credit charges and cash purchases

automatically entered as transactions. Also, customers can set

up new payment options, which allow the business owner to

automatically apply discounts or penalties for early or late