Intuit and Square Announce Point of Sale and Accounting Integration

Square and QuickBooks simplify payments and accounting for millions of small business owners

SAN FRANCISCO – September 24, 2013 – Intuit (Nasdaq: INTU) and Square today announced a seamless integration between Square and QuickBooks. The integration, available November 19, will enable small businesses to more efficiently import their transactions from Square into QuickBooks helping them leveraging Intuit’s open platform, streamlining their operations, saving them time, and ensuring accurate reporting.

“By rebuilding QuickBooks as an open platform, small businesses can choose to use services we provide as well as the solutions they already use and love, like Square,” said Dan Wernikoff, senior vice president and general manager of Intuit Small Business Financial Solutions.

QuickBooks, available in 100 countries, provides small businesses and accountants with an intuitive, easy-to-use design that gives small businesses access to a robust, open platform that is impossible to outgrow and works anytime, anywhere online.

“Square is focused on helping businesses grow,” said Francoise Brougher, Business Lead at Square. “Our customers tell us often how important it is to have accurate and in-depth information about their business. Integrating with QuickBooks gives sellers another powerful tool to help them run their business more efficiently.”

Square is making sophisticated, big-business tools simple, easy to use, and available to anyone. Neighborhood merchants of all sizes are increasingly adopting Square Register at the counter for its intuitive interface, smart analytics, continuous updates, and simple processing fees.

Product Availability

Intuit and Square will begin offering the integration on November 19. Existing customers of both companies will be able to activate the integration seamlessly, while new customers to either company will be able to sign up quickly and easily for both Square Register and QuickBooks. Intuit will continue to offer GoPayment and other Intuit Payment Solutions to its customers as well.

About Square, Inc.

Square is making commerce easy for everyone. Whether a business needs to accept credit cards, manage a full point of sale system, or sell online, Square offers simple and affordable tools so businesses of all sizes can start, run, and grow. The company began with a free credit card reader for the iPhone, iPad, and Android devices, allowing businesses to accept credit cards anywhere, anytime, for one low, transparent rate. Square now offers a full suite of hardware and software tools including Square RegisterSquare MarketSquare Wallet, and Square Stand. Founded in 2009, and headquartered in San Francisco, Square is currently available in the United States, Canada, and Japan.

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® 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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Patrick Walsh
Patrick Walsh

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