Banking

Quicker Quicken profits


The San Jose Mercury News, a Bay Area tech bellwether, reports Intuit's profit is up 23% for the quarter. With over a billion of quarterly sales, it's no wonder Reuters reports a stock buy-back at the home of Quicken, QuickBooks, and TurboTax. Taxes led the way to that third-quarter profit, as Intuit surged out of its core accounting business further into tax preparation.

Intuit is no slouch, and they're moving into another new market; bridging the gap between the purchase and the books with their own credit card.

I'm curious, and want to ask: What's in your wallet?

Personally, my better half would shove me out the airlock if I ever replaced the Quicken MasterCard, which auto-reports to Quicken every time I buy something; until then, Pocket Quicken was one of those cold, dead fingers things (second only to Baen's e-books). So, how many of you choose your plastic on the basis of interoperability, how easy is it to get transaction data data into your bookkeeping?

And, question number two:

If you're not in the US, or you use a non-Intuit program (e.g., Open Sourceware such as Open Tax Solver or other tax software) , please weigh in on how you do your taxes. Join the discussion.

1 comments
Mark W. Kaelin
Mark W. Kaelin

Coming from an accounting background has tainted my view of automatic transaction entry. I don't trust Quicken or anyone else to enter transactions into my bookkeeping software. I guess it is the accountant in me. Entering transactions manually means I know exactly what I have spent money on, how much income I have earned, and how much money is left in the bank.