Intuit Inc. (Nasdaq: INTU)
is helping small businesses get paid faster with the reimagined
QuickBooks Payments. Available today, the new optional features offer a
simplified, paperless way to get paid.
Designed to expedite the entire payment process, the QuickBooks Payments
application reduces the time between sending invoices and putting money
in the bank. As part of the expanding QuickBooks ecosystem of online
products and services, QuickBooks Online users who also use QuickBooks
Payments get their invoices paid on average two times faster than those
who don’t. When these small businesses email their invoices and allow
their customers to pay online, they significantly reduce the time it
takes to receive payment.
“We use QuickBooks along with Payroll and Payments and that full
integration has made a huge difference to our business,” said Daniel
Skehan, account director, Personify. “Everything matches up with no
problems. When a payment comes in, it goes to checking and QuickBooks
recognizes the transaction and the rest is history. I want to focus more
on growing the company and it makes a difference when you can focus on
that and instead of allocating the time to run finances.”
Show Me the Money
As a leader in small business payments for more than a decade, Intuit
knows that for small businesses getting paid is more than just cashing a
check; it’s a matter of business success or failure. In Bank of
America’s “Small
Business Owner’s Report,” 45 percent of those surveyed said not
getting paid on time was their biggest cash flow challenge.
The process for collecting payments from customers can be complicated.
The multi-step process can be cumbersome, from sending invoices to
receiving payments and updating accounting. With its new and improved
payment features, QuickBooks Online streamlines and accelerates the
entire process, enabling small business owners to instantaneously email
invoices, get paid online and accept a credit card while outside the
office.
Three Easy Steps to Get Paid Faster
QuickBooks Payments reduces the payments process to three simple steps.
It speeds the payment process by allowing small businesses to:
-
Send electronic invoices: Email invoices from QuickBooks Online
and allow customers to make online credit card and bank payments
instantly.
-
Receive payments: Accept both bank payments and all major
credit cards, including Visa, MasterCard, Discover and American
Express.
-
Auto-update books: Update invoices and books automatically when
the invoice is paid; reduces mistakes, work and worry for the business.
“Getting paid quickly is the bottom line for small businesses. A week or
two can make a difference in making payroll or purchasing supplies,”
said David Kirven, vice president of marketing for Intuit Payments,
Small Business Financial Solutions. “QuickBooks Payments builds on the
QuickBooks ecosystem to give users a powerful, business management
solution that grows with small businesses and works anytime, anywhere.”
Pricing and Availability
The QuickBooks Payments is part of the new QuickBooks Online
application. Business owners can choose to simply turn on the feature
and, in most cases, start accepting payments the same day through online
and mobile apps.
QuickBooks Payments offers two, straightforward pricing plans. Small
businesses choose pay-as-you-go plan, paying only per transaction, or
they can select a monthly plan with lower transaction rates for $19.95 a
month. More information is available at http://quickbooks.intuit.com/payments.
About Intuit Inc.
Intuit Inc. creates business and
financial management solutions that simplify the business of life for
small businesses, consumers and accounting professionals.
Its flagship products and services include QuickBooks®, Quicken®
and TurboTax®, which make
it easier to manage small
businesses and payroll
processing, personal
finance, and tax
preparation and filing. Mint.com
provides a fresh, easy and intelligent way for people to manage their
money, while Demandforce®
offers marketing and communication tools for small businesses. ProSeries®
and Lacerte® are Intuit's
leading tax preparation offerings for professional accountants.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year
2013. 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.
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