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.

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.