Latest news with #QuickBooks
Yahoo
a day ago
- Business
- Yahoo
Intuit Hits All-Time High of $775.36; Analyst Upgrades Fuel Rally
Intuit (INTU, Financials) hit a record high of $775.36 Friday; the stock is up 19.41% over the past year, backed by strong financials and upbeat analyst sentiment. The company reported a gross margin of 80.26%; revenue rose 15% year over year. Warning! GuruFocus has detected 3 Warning Signs with ISRG. List of 52-Week Lows List of 3-Year Lows List of 5-Year Lows Analysts are raising price targets; Mizuho went to $875; Stifel to $850; BMO reaffirmed $820; CLSA opened at $900. The bullish calls reflect optimism in QuickBooks, AI tools, and the global business segment. With low churn, higher pricing, and platform expansion, analysts see more room to run; Intuit's R&D push is also viewed as a long-term growth lever. This article first appeared on GuruFocus.
CNBC
a day ago
- Business
- CNBC
A step-by-step guide to setting up your QuickBooks account
As a small business owner, managing your company's finances, including tracking income and expenses and creating profit and loss reports, is a critical part of the job. Without an accountant on staff, one of the most efficient ways to handle these responsibilities is by using accounting software. One of the more popular options, Intuit QuickBooks, offers a full suite of accounting support, allowing businesses to organize financial information in one location and stay on top of essential accounting tasks. Setting up your QuickBooks account correctly, however, can seem daunting. To make the process easier, here's a step-by-step guide to help you get started. Costs may vary depending on the plan selected but take advantage of Summer Savings, offering 90% off for 3 months, for a limited time Tracks your business expenses as they happen, as well as your income. Users can use app to do invoicing, accept payments, manage their cash flow, maximize tax deductions, track travel miles, run reports, send estimates, manage bills and 1099 contractors, plus pay employees Yes Yes, bank and credit cards, plus third-party apps like PayPal and Square Accessible from any web browser and also offered in both the App Store (for iOS) and on Google Play (for Android) Verisign scanning, password-protected login, firewall protected servers and the same encryption technology (128 bit SSL) used by the world's top banks. QuickBooks also offers multiple permission levels that you can set for additional users' access Terms apply. QuickBooks is available as desktop and online software. QuickBooks Online can be accessed from any web browser or through a mobile app on a tablet and smartphone, making it a good choice for business owners who are frequently on the go. The plan options for QuickBooks Online include Simple Start, Plus, and Advanced, which range in price from $3.50 per month to $23.50 per month. The tiers also differ in complexity, making it important to review the features carefully in order to select the best plan for your business's needs. Simple Start, for instance, offers basic bookkeeping tools, while Plus offers more expansive support, including tracking project profitability, tracking inventory and managing multi-currency transactions. Advanced provides the most comprehensive accounting and financial support including financial planning, business analytics, managing employee expenses and 24/7 support and training. The desktop version of QuickBooks, known as QuickBooks Desktop Enterprise, is downloaded and installed on a computer. It offers more sophisticated accounting features for advanced users including inventory management, multi-company management and more. Once you've selected a QuickBooks plan and format, it's time to begin adding basic information about your company. This is where you enter your business name, business structure (such as LLC or sole proprietorship), industry, and contact. Information entered as part of this step will be the information your customers or vendors see on invoices, sales forms and other communications. Some of the additional details about your business that you'll provide as part of this step include: Linking your business bank and credit card accounts to your QuickBooks account is another important step in the set-up process. This integration allows QuickBooks to automatically import transactions, which streamlines your bookkeeping. Having your bank and credit card information imported saves time and reduces the potential for any human errors associated with manual data entry. It also helps ensure no income or expenses slip through the cracks, establishing a complete, accurate picture of your finances. This will come in handy while you're making spending decisions, applying for loans, or prepping for tax season. Once your financial accounts are connected, QuickBooks will automatically categorize your expenses. But you can also review, confirm and edit these categorizations — or even create custom categories. If you have recurring monthly expenses — like an Adobe or Canva subscription — you can create a new category in the QuickBooks system that will "bookmark" the charge, so it will know how to recognize and categorize it moving forward. Customizing your expense categories will be especially helpful when it comes to budgeting or forecasting. Establishing your chart of accounts is a critical set-up step that some experts suggest is best done with the assistance of a professional. The chart of accounts is a list of all the accounts that are part of your business's daily operations. Creating this correctly is essential for accurate bookkeeping. "Your chart of accounts determines how your income, expenses, assets, and liabilities are organized and reported," says Maria Anderson, co-founder of the business consulting firm Marico Consulting. "This step impacts everything: tax preparation, budgeting, forecasting, and your ability to read financials with clarity." The chart of accounts should be customized to reflect your business's unique needs and operations, rather than relying on generic categories. For example, if you have three income streams, you may want three income accounts so you can see what's most profitable. When establishing your QuickBooks account, you may also want to customize your sales settings. QuickBooks provides various options related to the type of information it collects and tracks when your business makes and records a sale. These details can be tailored to your business's needs during the set-up process, as well. Sales forms can be customized to include information related to shipping, discounts, service dates, tips, payment terms, late fees and more. Starting in July 2025, QuickBooks will also launch Agentic AI features into the platform, such as an accounting agent to automatically reconcile books and detect anomalies, a payments agent to manage invoicing, a customer agent to spot leads and draft emails, and a finance agenct to help provide insights and assist in financial decision-making. Your books are the foundation of every business decision, from hiring and pricing to taxes and fundraising. Mismanaged books can lead to missed deductions, late filings, and poor cash flow management. So as a small business owner, taking the time to set up your QuickBooks account correctly is an important effort, one that will help you manage your business more effectively, allow you to have an accurate picture of your financial standing, and save time. Money matters — so make the most of it. Get expert tips, strategies, news and everything else you need to maximize your money, right to your inbox. Sign up here. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every checking account review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information.
Yahoo
a day ago
- Business
- Yahoo
Oracle vs. Intuit: Which Enterprise Software Giant Should You Bet On?
Two enterprise software giants are commanding investor attention as artificial intelligence reshapes the business solutions landscape. Oracle ORCL, the database and cloud infrastructure stalwart, and Intuit INTU, the financial technology platform behind TurboTax and QuickBooks, represent different approaches to serving enterprise and small-to-medium business markets. Both companies have demonstrated strong financial performance and are integrating AI capabilities across their platforms to drive Oracle focuses on large enterprise customers with comprehensive cloud infrastructure and database solutions, Intuit specializes in financial software for consumers and small businesses, leveraging its data-rich platform to deliver AI-powered experiences. Both companies are experiencing robust demand for their AI-enhanced offerings, with Oracle's cloud infrastructure seeing massive uptake from AI workloads and Intuit expanding its done-for-you AI agents across tax preparation and business management delve deep and closely compare the fundamentals of the two stocks to determine which one is a better investment now. Oracle's transformation into a cloud-first company continues gaining momentum, with the company reporting impressive growth metrics across its infrastructure and applications segments. The company's fourth-quarter results showed total cloud revenues growing 27% to $6.7 billion, while infrastructure-as-a-service revenues surged 52% to $3 billion. Oracle's remaining performance obligations reached $138 billion, representing a 41% increase year over year, providing strong revenue company's competitive advantage lies in its differentiated cloud infrastructure designed specifically for enterprise workloads. Oracle's multi-cloud strategy, allowing customers to run Oracle databases across various cloud platforms, including Azure, Google Cloud, and AWS, addresses a critical market need for flexibility. This approach is driving significant database migration to the cloud, with Oracle 23 AI serving as an AI data platform that enables enterprises to leverage their proprietary data with popular large language Oracle faces challenges in scaling its infrastructure to meet astronomical demand. Management acknowledged having to turn away customers due to capacity constraints, and the company plans to increase capital expenditures to more than $25 billion in fiscal 2026. While this represents a significant investment opportunity, it also pressures near-term cash flows and margins. Additionally, Oracle operates in an intensely competitive cloud infrastructure market dominated by Amazon Web Services, Microsoft Azure, and Google Cloud, requiring continuous innovation and substantial capital allocation to maintain its market Zacks Consensus Estimate for fiscal 2026 earnings is pegged at $6.71 per share, up 1.1% over the past 30 days. Oracle Corporation price-consensus-chart | Oracle Corporation Quote Find the latest earnings estimates and surprises on Zacks Earnings Calendar. Intuit represents a compelling growth story fueled by its AI-driven transformation of financial software solutions. The company's strategic focus on serving the entire spectrum from consumers to mid-market businesses through an integrated platform creates multiple expansion opportunities. Recent quarterly results demonstrated this momentum, with revenue growing 15.1% and the company raising full-year guidance based on strong performance across all company's Generative AI Operating System provides a significant competitive moat, enabling breakthrough done-for-you experiences that automate complex tasks for customers. Intuit's recent partnership with Google Cloud enhances tax preparation capabilities, while its upcoming AI agents for customer management, payments, finance, and accounting promise to revolutionize small business operations. The acquisition of GoCo strengthens Intuit's human capital management offerings, positioning the company as a comprehensive business recurring revenue model, with 77% of total revenues coming from subscriptions, provides exceptional business stability and predictability. The company's TurboTax Live segment is experiencing remarkable growth, with customer growth expected at 24% and revenue growth at 47% for the fiscal year. Credit Karma's 31% revenue growth in the third quarter demonstrates successful expansion beyond core tax and accounting services. The mid-market opportunity through Intuit Enterprise Suite represents a substantial growth catalyst, as the company leverages its AI capabilities to serve businesses with $2.5 million to $100 million in annual revenues. This market expansion, combined with the company's strong cash generation and disciplined capital allocation, positions Intuit for sustained double-digit growth. The Zacks Consensus Estimate for fiscal 2025 earnings is pegged at $20.06 per share, up 0.4% over the past 30 days. Intuit Inc. price-consensus-chart | Intuit Inc. Quote Both Oracle and Intuit trade at premium valuations reflecting their strong market positions and growth prospects. Oracle has demonstrated superior stock performance with shares gaining 27.7% year to date, outpacing Intuit's 23% rise and the broader Zacks Computer and Technology sector. Image Source: Zacks Investment Research However, Intuit commands a significant valuation premium with a price-to-sales ratio of 10.4x compared to Oracle's 8.89x multiple. Intuit commands an even higher valuation multiple, justified by its predictable subscription revenue model and expanding total addressable market. Image Source: Zacks Investment Research Intuit emerges as the superior investment opportunity for the second half of 2025, offering better upside potential through its comprehensive AI-driven platform strategy, diversified revenue streams, and expanding market opportunity. The company's recurring revenue model provides greater stability, while its focus on serving the underserved small-to-medium business market presents a larger growth runway compared to Oracle's enterprise-focused approach. Intuit's successful integration of AI across tax preparation, accounting, and business management creates multiple monetization opportunities with higher margins than Oracle's capital-intensive infrastructure business. Investors should buy Intuit stock to capitalize on its accelerating growth trajectory, while holding Oracle or waiting for a better entry point, given its substantial capital requirements and competitive pressures in cloud currently sports a Zacks Rank #1 (Strong Buy), whereas ORCL has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oracle Corporation (ORCL) : Free Stock Analysis Report Intuit Inc. (INTU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
a day ago
- Business
- Finextra
Intuit launches AI agents and fintech platform
Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced a transformative set of proactive Intuit AI agents that will dramatically improve how businesses run and grow. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. These agents will automate workflows and when combined with human experts will deliver real-time insights and improve cash flow for businesses. The new AI agents, embedded in the Intuit platform, create a more powerful QuickBooks that provides businesses with a virtual team working on their behalf while the customer is always in control. The agents transform how work is done and help customers grow, completing workflows across customer relationship management, financial analysis, payments, accounting, and more, saving businesses up to 12 hours a month.1 Their ability to seamlessly connect data across multiple applications proactively gives customers a 360-view of their business metrics and overall performance - all in one place. The result: 78% of customers say Intuit's AI makes it easier for them to run their business; and 68% state it allows them to spend more time growing their business.2 These AI agents are also able to work along-side trusted AI-enabled human experts to provide businesses with additional expertise and support. 'Intuit's AI-driven expert platform is transforming how businesses run and grow with first-of-its-kind agentic AI experiences,' said Sasan Goodarzi, Intuit CEO. 'When our vast amounts of data and AI capabilities are combined with the power of trusted human experts, Intuit's uniquely designed, integrated platform unlocks next-level efficiencies, profitability, and growth for businesses.' These new, done-for-you experiences are part of a completely redesigned and personalized QuickBooks web layout. The homepage is transformed into a striking display of customizable widgets with a powerful business feed that shows real-time intelligent insights, recommendations, and summarizes the workflows and tasks completed by the AI agents. Customers can seamlessly collaborate with human experts and connect to additional Intuit products, services, and third-party apps to truly realize the benefits and power of one integrated platform that drives next-level business efficiencies and growth, all in one place. In addition to the new web experience, the QuickBooks mobile app also has a new, modern interface that delivers the benefits of AI agents on the go. Introducing Intuit AI agents: A virtual team that does virtually everything Intuit's new AI agents will help businesses – at every stage – scale, enabling them to grow on a platform they know and trust. The AI agents complete day-to-day tasks, including managing customer leads, tracking payments, sending invoices, and reconciling a business's books. In addition, new, integrated collaboration tools allow a business owner and their accountant to seamlessly communicate and work together in QuickBooks. With the automation of workflows, collaboration with trusted experts, and the ability to deliver real-time, personalized, and actionable insights, businesses move faster, operate smarter, and uncover greater efficiencies and growth. • Payments Agent: Optimizes and grows cash flow by getting businesses paid an average of 5 days faster3 with tailored acceleration strategies that predict late payments, automate invoice tracking, and create and send invoices and reminders. • Accounting Agent: Automates bookkeeping and transaction categorization, and assists in reconciliation, delivering cleaner, more accurate books. • Finance Agent: Provides a comprehensive approach to the financial management of growing, mid-market businesses with robust reporting, KPI analysis, and scenario planning and forecasting based on performance and peer benchmarking, helping finance teams make smart decisions to achieve financial goals. 'I need more time to be able to invest back into my business,' said Kurtis Graham, founder, COSIGN Enterprises, LLC. 'Intuit's AI can help me save several hours a month and drive revenue for my business. That's a win-win for my business.' Customer Hub: AI agents that strengthen relationships and fuel business growth The Customer Hub, included in most QuickBooks Online plans, will provide two new virtual agents that automate and streamline the sales and customer relationship management (CRM) process, managing new leads and existing customers in one place to deliver delightful customer experiences and stronger relationships. • Customer Agent: Sources leads, drafts personalized email responses, suggests and schedules meetings based on engagement data, and tracks every customer opportunity in the sales cycle. • Marketing Agent: Coming later this year, it will automate audience management, campaign execution, and content creation to deliver impactful acquisition and retention marketing campaigns via Mailchimp. Intuit AI agents for growing businesses In the coming months, Intuit AI agents will be available for larger and growing businesses to tackle more complex tasks and boost productivity even further, enabling these businesses to scale with speed. • Payroll Agent: Proactively collects time and attendance data from your employees and runs payroll when you say so. • Project Management Agent: Manages project quotes, milestones, and budgets so businesses stay on track. For more than 40 years, Intuit has been leading the industry in delivering impactful customer experiences that help millions of consumers and businesses put more money in their pockets, helping them achieve their business and financial goals with less effort and complete confidence. The launch of Intuit's transformational AI agents is the latest innovation powered by Intuit's platform, bringing artificial intelligence and human intelligence together to power prosperity for its customers. Now, businesses and their accountants have access to a virtual team that saves them time, simplifies the day-to-day running of a business, and helps accountants more confidently and quickly advise clients on key decisions. Availability The new web and mobile interfaces, integrated AI agents and human experts, and Customer Hub will start rolling out today, July 1, to a range of QuickBooks Online products and customers in the US.
Fast Company
2 days ago
- Business
- Fast Company
Intuit bets big on AI to boost efficiency and trust in QuickBooks
When it comes to AI agents, the makers of QuickBooks are hoping that you're 'into it.' Intuit—the fintech platform that owns TurboTax, Credit Karma, Mailchimp, and QuickBooks—announced that it has implemented a new set of AI agents into its products. The company showcased how the AI agents work within QuickBooks at an event on June 24, and Fast Company was able to see a demonstration of how the agents can help business owners and entrepreneurs use them to speed up their bookkeeping and accounting processes. QuickBooks will incorporate a Payments Agent, an Accounting Agent, a Customer Agent, and a Finance Agent, all of which are designed to become intimately familiar with a business's specific customer base and financial track record, offer up insights, and make additional analyses. And though it's just now being rolled out, the new AI capabilities have been in the works for a long time. 'This is five or six years in the making,' Sasan Goodarzi, Intuit's CEO, tells Fast Company. 'We've made huge investments in the past five years,' he says, and the company has taken its time because when it comes to bookkeeping and accounting, 'accuracy matters.' In other words, Goodarzi says that while an AI tool like ChatGPT might spit out wrong or incorrect information, a customer relying on QuickBooks to crunch their numbers needs to be absolutely sure and trust in Intuit's accuracy—otherwise, they could find themselves with serious issues. As such, Intuit wanted to make sure everything was above board before launching to its full customer base. 'If it screws up, it's a big problem,' he says. Additionally, Goodarzi says that business owners are relying on a huge number of apps and platforms to run their companies, an issue that Intuit is trying to simplify. 'What I'm hearing from customers all the time is that they're over-digitized, there are too many apps. They're not getting the benefit from their time and money,' he says. 'This is about creating a one-stop shop, a refreshed way to discover all of the capabilities within QuickBooks,' he says, noting that many of Intuit's customers are unaware of how many tools exist within the QuickBooks ecosystem. And it's the discovery and engagement with those tools that Goodarzi says 'has been the area of the most positive feedback.' But the primary question: Are the AI implementations actually producing value for users? Yes, Goodarzi says. He notes that during the testing phase, the new AI capabilities have led to significant time and money savings for users, though that can be difficult to quantify, and expects that the new features will both resonate with QuickBooks' wider user base when they officially launch on July 1, and help the company's bottom line. 'I was talking about AI changing the world six years ago, and people were laughing at me,' he says. Now, 'we're actually seeing natural adoption, driving incredible value.' The extended deadline for Fast Company's Next Big Things in Tech Awards is this Friday, June 27, at 11:59 p.m. PT. Apply today.
