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Press release from Business Wire

QuickBooks Online Accountant Gives Professional Accountants Access to Key Client Information Fast

<p class='bwalignc'> <b>Innovative Cloud Technology Enables Accounting Professionals to Perform Key Tasks, Connect With QuickBooks Online Clients from Anywhere, Anytime</b> </p>

Tuesday, November 08, 2011

QuickBooks Online Accountant Gives Professional Accountants Access to Key Client Information Fast08:30 EST Tuesday, November 08, 2011 MOUNTAIN VIEW, Calif. (Business Wire) -- The days of “Let me get back to you” are over. Accounting professionals can now perform essential client accounting tasks and work with their clients' books on the Web, enabling them to provide counsel and quickly answer their clients' questions from anywhere with an Internet connection. Today, from the Sleeter Group's Accounting Solutions Conference in Las Vegas, NV., Intuit announced the free pilot program for QuickBooks Online Accountant that can help accountants save time, increase efficiency and maximize their billable time. QuickBooks Online Accountant is an easy-to-use, Web-based service that provides online access to client data and tools specifically designed for accounting professionals to work more efficiently with their clients. “Because of the rapid growth of QuickBooks Online customers, we wanted to provide accounting professionals with a product that included all the client data and accounting tools they needed in one place to better service their online clients,” said Samir Khosla, director of product management for the Intuit Accounting Professionals Division. “Now with QuickBooks Online Accountant, accounting professionals can further streamline their workflow and counsel their clients from anywhere, anytime they have internet access, resulting in more billable time.” QuickBooks Online grew 40 percent last year and is now used by more than 280,000 small businesses. With this growth, more and more small businesses also are looking to accountants for support. Accounting professionals can now serve these clients' needs promptly and provide accurate updates and information right away without having to go back to the office or log into their desktop software. "Online accounting simplified my life,” explained Peter Cullen, managing principal at Core Performance Consulting, LLC., a beta user of QuickBooks Online Accountant and Intuit Accountant Council and Advisory Board member. “If you are looking for new clients, to complete your work faster, and make engagements more profitable, QuickBooks Online Accountant is a tremendously efficient tool." Expanding Client Service Beyond Office Walls With QuickBooks Online Accountant, practitioners can prepare and reconcile accounts, spot irregularities, find and fix client errors, clean up client books, and create reports faster than ever before. Some of the key QuickBooks Online Accountant features are: Access Key Features and Reports. The Accountant Center providesaccess to the features and reports used most, as well as how-to tips, messages and alerts from Intuit. Reconciling in a Snap. See a snapshot reconciliation of all accounts, troubleshoot prior reconciliations to easily detect changes, and undo prior reconciliations if needed. Reclassify Transactions in Batch. Find transactions that have an incorrect account or class and reclassify them all in one step. Write-off Bad Debt in Batch. Select and write-off a group of invoices to the account you specify in one step. Find Missing Transactions. Through the Voided/Deleted Transactions report, users know which transactions have been voided or deleted within a selected date range. Adjust Accordingly, Easily. Make end-of-the-year adjustments easily. The Adjusting Journal Entries handles any adjustments in the books, including depreciation and tax adjustments. View Reports. Compare current balances to prior periods with the new Balance Sheet and Profit and Loss comparison reports. Free Virtual Conference with CPE Credits Intuit is hosting a free online virtual conference called “The Future of Accounting is Online” to discuss how new online tools can help accounting professionals tap into the growing base of small businesses going online. Practitioners can earn free CPE credits and learn from experts in accounting, payroll and tax who thrive on running their practices online.         When: November 15–16, 2011, with your choice of sessions from 10:00 a.m. to 5:00 p.m. CST Where: Online — Live Virtual Conference FREE CPE: View agenda for CPE opportunities Register: Register here for the free virtual conference (attendees have a chance to win one of 10 iPads)   Availability The QuickBooks Online Accountant Pilot program is available now. Accounting Professionals can join the Pilot program for free by going to http://accountant.intuit.com/qboa. Pricing will be published at the time the product is launched commercially. Resources: Intuit QuickBooks Online Accountant Intuit QuickBooks Accountant Edition Press Kit Intuit on Twitter Intuit on Facebook About Intuit Inc. Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services provides enhanced online banking solutions and unique insights to help banks and credit unions serve businesses and consumers with innovative solutions. Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal year 2011. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com. Intuit, the Intuit logo and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries. Intuit Inc.Chris Repetto, 650-944-2641chris_repetto@intuit.comorAccess CommunicationsDanielle Ferris, 415-844-6272dferris@accesspr.com