New QuickBooks Service Simplifies Managing Web Stores; Intuit and Top E-Commerce Firms Enable Small Businesses to Open Full-Service Web Stores that Integrate With QuickBooks Financial Software

Business Wire, June 5, 2006

MOUNTAIN VIEW, Calif. -- Now there's a hassle-free way for small businesses to sell online, accept credit card payments and quickly obtain up-to-the-minute sales reports. E[acute accent]Working with top e-commerce firms, Intuit Inc. (Nasdaq:INTU) is offering QuickBooks(R) Merchant Service for Web Stores, a service that works with leading online store providers to offer an end-to-end, QuickBooks-compatible e-commerce solution. The solution helps small businesses create a Web store, sell online, accept credit card payments through QuickBooks Merchant Service and exchange business data directly with QuickBooks. The preferred providers that have worked with Intuit to offer QuickBooks-ready Web stores are: Affinity Internet(R); ProStores(TM), an eBay(R) Company; GoDaddy.com(R), Homestead Technologies and WebSite Pros. E[acute accent]The service helps small business owners more effectively manage their businesses by synchronizing sales and customer data between their Web store and QuickBooks. In addition, it reconciles debit and credit card sales made via QuickBooks Merchant Service with the software. This compatibility can save business owners valuable time by eliminating the need to manually re-enter data. As a result, they can quickly track sales, credit card, invoice and payment data and create real-time financial reports all in one place.

E[acute accent]Growth in online spending

E[acute accent]Online retail spending is expected to increase from $81 billion in 2005 to $95 billion in 2006, according to the Internet Shopping Model from JupiterResearch (November 2005). With a QuickBooks-compatible Web store, small businesses are well-equipped to both manage and leverage this growth in online spending. E[acute accent]"QuickBooks Merchant Service for Web Stores has made it easier for me to handle the back-end operations of our business," said Chris Bruce, who manages the Web store for The Sleeter Group, a QuickBooks resource provider for accountants, bookkeepers and small business owners. "Integration with QuickBooks has been a big time-saving element for our business, which grossed $20,000 in online sales in less than four months." E[acute accent]"Intuit has a long tradition of making products and services that help small businesses be successful," said Dan Wernikoff, director of product management for Intuit's QuickBooks Merchant Service. "By working with these trusted e-commerce companies, we've extended the power of QuickBooks to help small business leverage the Web."

E[acute accent]Pricing and Availability

E[acute accent]By working with a variety of top Web store providers, the service is offered in a variety of plans and prices to meet the needs of small and mid-sized businesses. Web store-provider pricing ranges from as low as $6.99 to $249.95 per month, depending on the provider and package selected. QuickBooks Merchant Service for Web Stores is offered at www.quickbooksmerchantservice.com for a one-time setup fee of $59.95 and a basic monthly fee of $17.95. Credit card processing fees vary. There are no long-term obligations or additional payment gateway fees. For interoperability with QuickBooks financial software, users must already have or must purchase the software, which is sold separately.

E[acute accent]The QuickBooks Financial Software Family

E[acute accent]With more than 3 million small business and 230,000 accountant customers, QuickBooks has earned a reputation as the leading choice for small businesses. Built on Intuit's trademark ease-of-use, QuickBooks simplifies key business tasks and offers powerful accounting features and performance to help save businesses time. The QuickBooks product family grows with small businesses from startup to mid-market and is also available in industry-specific solutions for construction, manufacturing and wholesale, nonprofit, accounting, professional services and retail industries. More information on QuickBooks products and services is available at www.quickbooks.com.

E[acute accent]Intuit Developer Network

E[acute accent]QuickBooks Merchant Service functionality is available to third-party developers through the Intuit Developer Network. Using the software development kit, developers can add credit card processing and credit card reconciliation to their software that integrates with QuickBooks. More information the Intuit Developer Network is available at www.developer.intuit.com.

E[acute accent]About Intuit Inc.

E[acute accent]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(R), Quicken(R) and TurboTax(R) software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries(R) and Lacerte(R) are Intuit's leading tax preparation software suites for professional accountants. E[acute accent]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.