Intuit (INTU)

Frequently Asked Questions About Intuit (INTU)

Can Intuit products be used on mobile devices?

Yes, many of Intuit's products are designed to be accessible on mobile devices. QuickBooks has a mobile app that allows users to manage their finances on the go, while TurboTax offers a mobile version for convenient tax preparation. The Mint app also enables users to track their spending and budgets from their smartphones, making it easier to manage personal finances anytime, anywhere.

How can businesses benefit from using QuickBooks?

Businesses can benefit from using QuickBooks by streamlining their accounting processes, managing finances more effectively, and gaining insights into their financial health. QuickBooks provides tools for invoicing, expense tracking, payroll processing, and reporting, which can help businesses save time and reduce errors. Additionally, its integration capabilities with other business tools enhance overall operational efficiency.

How does Intuit handle data security?

Intuit places a high priority on data security and employs several measures to protect user data. The company uses encryption, multi-factor authentication, and secure data storage practices to safeguard sensitive financial information. Intuit also adheres to rigorous compliance standards and regularly conducts assessments and audits to ensure its security protocols remain robust against emerging threats.

How does Intuit make money?

Intuit generates revenue primarily through the sale of its software products, subscription fees, and related services. Users typically pay for TurboTax during tax season, while QuickBooks operates on a subscription model, charging monthly or annual fees. Additionally, Intuit earns revenue from add-on services and features, as well as from partnerships and financial institutions.

How does Intuit support small businesses?

Intuit supports small businesses through its range of software solutions specifically designed to meet their needs. QuickBooks provides essential accounting tools that simplify financial management, while additional resources like training and customer support help small business owners navigate the complexities of running a business. Intuit also offers educational content and webinars to empower small business owners with financial knowledge and best practices.

How does QuickBooks pricing work?

QuickBooks operates on a subscription model, offering multiple pricing tiers based on the features required. These plans include options for self-employed individuals, small businesses, and larger enterprises. Each tier varies in terms of pricing, functionalities, and number of users, allowing businesses to select a plan tailored to their needs. Intuit often provides trial periods or introductory offers to entice new customers to try the software.

Is Intuit publicly traded?

Yes, Intuit is publicly traded on the Nasdaq stock exchange under the ticker symbol 'INTU.' The company went public in 1993 and has experienced growth in its stock value over the years, reflecting its robust business model and consistent performance in the financial software industry.

Is there a free version of TurboTax?

Yes, Intuit offers a free version of TurboTax for simple tax returns. This version is suitable for individuals with straightforward tax situations, allowing them to file their federal taxes without any cost. However, users with more complex tax scenarios may need to upgrade to a paid version for additional features and support.

What are Intuit's corporate social responsibility initiatives?

Intuit is committed to corporate social responsibility (CSR) and actively engages in initiatives focused on community support, financial literacy, and environmental sustainability. The company supports various non-profit organizations, offers volunteer opportunities for employees, and has programs aimed at improving financial literacy among underserved populations. Additionally, Intuit is working towards reducing its ecological footprint through sustainable business practices and investments in renewable energy.

What are Intuit's most popular products?

Intuit's most popular products include TurboTax, QuickBooks, and Mint. TurboTax is widely used for tax preparation and filing, QuickBooks provides comprehensive accounting solutions for small businesses, and Mint offers personal finance management tools. These products have made Intuit a trusted brand in financial software, catering to the needs of both individuals and businesses.

What does Intuit do?

Intuit Inc. is a financial software company that develops products and services aimed at helping individuals and small businesses manage their finances. The company is best known for its flagship products like TurboTax, which helps users prepare their taxes; QuickBooks, an accounting software for small businesses; and Mint, a personal finance application. Intuit's software solutions are designed to simplify complex financial tasks, making it easier for users to track income, expenses, and manage their overall financial health.

What is Intuit's customer support like?

Intuit offers a range of customer support options, including online resources, community forums, and direct assistance via phone and chat. Users can access extensive help centers that provide tutorials, FAQs, and troubleshooting guides. During peak times, especially around tax season, Intuit may experience higher call volumes, but it strives to ensure that support is responsive and effective.

What is Intuit's mission statement?

Intuit's mission is to power prosperity around the world by providing tools that help customers manage their finances effectively. The company's commitment to innovation and customer-centric solutions aims to simplify financial experiences and empower users to take control of their financial like managing their businesses, taxes, and personal budgets.

What is Mint and how does it work?

Mint is a free personal finance management tool developed by Intuit that helps users track their spending, create budgets, and manage their overall financial health. Users can link multiple financial accounts, including bank accounts, credit cards, and loans, to get a comprehensive view of their finances. Mint analyzes spending habits and offers personalized insights to help users make informed financial decisions.

What is TurboTax Live?

TurboTax Live is a feature of TurboTax that provides users with access to live tax experts who can offer personalized assistance during the tax preparation process. Users can connect with experienced professionals via video chat to ask questions, review their tax returns, and receive guidance on complex tax issues. This service aims to enhance the user experience by combining the convenience of DIY tax preparation with expert support.

What recent acquisitions has Intuit made?

In recent years, Intuit has made several strategic acquisitions to enhance its product lineup. Notable acquisitions include the purchase of Credit Karma in 2020, which expanded Intuit's reach into consumer credit and financial management tools. Additionally, Intuit has acquired several smaller companies to bolster its technology capabilities and integrate new features into its existing software offerings.

When was Intuit founded?

Intuit was founded in 1983 by Scott Cook and Tom Proulx. The company started with the goal of developing user-friendly financial software for individuals and small businesses. Since its inception, Intuit has grown significantly, expanding its product lines and acquiring several companies to enhance its technology offerings and reach a broader customer base.

Where is Intuit headquartered?

Intuit is headquartered in Mountain View, California. This Silicon Valley location places the company at the heart of technological innovation and entrepreneurship, which has played a significant role in its growth and development as a leader in financial software solutions.

Who are Intuit's main competitors?

Intuit faces competition from various companies in the financial software market, including H&R Block, Xero, Sage, Microsoft, and FreshBooks, among others. Each of these competitors offers similar products aimed at personal finance, accounting, and tax preparation. Intuit differentiates itself through its extensive product ecosystem and established brand trust.

What is the current price of Intuit?

The current price of Intuit is 620.91

When was Intuit last traded?

The last trade of Intuit was at 4:00 pm EDT on April 2nd, 2025

What is the market capitalization of Intuit?

The market capitalization of Intuit is 169.67B

How many shares of Intuit are outstanding?

Intuit has 273.26M shares outstanding.