Intuit Introduces Quicken ExpensAble; New Software Relieves Expense Report Headaches.

MENLO PARK, Calif.,--(BUSINESS WIRE)--Aug. 8, 1995--Intuit (NASDAQ:INTU) today introduced Quicken ExpensAble for Windows, new software that simplifies expense reporting. ExpensAble is the latest addition to the Quicken family of personal finance software.

Of the almost 40 million business travelers in the U.S., one in four surveyed say they lose money because they mismanage their expense reporting.(1) Because ExpensAble is fast, easy-to-use and accurate, it makes it easy for business travelers to submit and get reimbursed for all of their business expenses.

"Customers told us that expense reporting is one of the most tedious business tasks they encounter," said Scott D. Cook, Intuit's chairman. "ExpensAble makes expense reporting dramatically simpler, more accurate and convenient."

Just as Quicken is designed around a familiar metaphor, the checkbook, ExpensAble is designed around the widespread travel practice of stuffing receipts in an envelope, so travelers immediately know how to use it. ExpensAble eliminates the hassle of sorting receipts. Travelers simply enter their expenses in random order and ExpensAble automatically sorts and organizes those expenses into reports covering any time period (weekly, monthly or other).

ExpensAble automatically performs all calculations, and provides 20 expense report templates to choose from (or, users create their company's exact form using Microsoft Excel). Users can quickly and easily print neat, accurate expense reports ready to sign and submit for reimbursement. And because ExpensAble needs just 3 MB RAM, business travelers can carry it with them on their laptops and complete their expense reports on the plane ride home.

ExpensAble is fully compatible with Intuit's Quicken for Windows and Pocket Quicken(TM) and allows users to exchange information with the touch of a button. ExpensAble's seamless links to Quicken and Pocket Quicken make it easy to track all finances in one place without having to re-enter the same expense twice.

PUT AWAY THAT PENCIL AND CALCULATOR

A number of key features make using ExpensAble faster and easier than filling out expense reports by hand:

- Hotel Genie quickly breaks out and records the various charges

on hotel bills, including room rates and taxes, phone charges

and meals. - Mileage Master memorizes the mileage of frequent auto trips

(e.g., from home to the airport or between company sites), so

the user doesn't need to track or retype the mileage for these

trips each time. - Collate Expenses automatically sorts a pile of receipts into

separate expense reports covering a designated time period

chosen by the user. ExpensAble instantly produces a report for

each period. - Dynamic forms prompt users for appropriate information, based on

the expense type, so all relevant details are sure to be

included. For example, when users enter entertainment expenses

ExpensAble prompts them for the guest's name and company. - QuickFill(R) recalls past entries such as restaurants and airlines,

and fills them in automatically after the first few keystrokes. - QuickLists are pre-filled drop-down lists -- with names of

hotels, car rental firms, typical expenditures, and more -- that

make data entry as fast as clicking a mouse. - Foreign currency conversions are automatically calculated. - Splits easily divides expenses among different clients,

departments or projects. - Quicken Connectivity moves information seamlessly among

ExpensAble, Quicken and Pocket Quicken, providing a complete

personal financial management solution. - Import QIF (Quicken Interchange Format) lets on-line service

users download charges on certain credit cards, such as American

Express, directly into ExpensAble, substantially cutting down

manual data entry. - Analysis Reports show users such things as how much they've

charged on a particular credit card, spent per client, and more.

ExpensAble contains 20 report templates, designed with specific types of employees in mind, including salespeople, executives, and consultants. Customers can choose from one of these 20 forms, or can edit any of the 20 by renaming and/or reordering the expense label types. All reports print onto plain paper, ready to submit for reimbursement.

ExpensAble also allows customers to replicate their company's specific expense report form, or to design their own forms via an export to Excel.

AVAILABILITY, PRICING, SYSTEM REQUIREMENTS 

ExpensAble will be available direct from Intuit and from retailers beginning Aug. 8, 1995.

Through Sept. 30, 1995, ExpensAble will be available at a special introductory price of $19.95, direct from Intuit or from retailers. After Sept. 30, ExpensAble will be available directly from Intuit for $49.95. The expected retail price is also $49.95, after September 30.

ExpensAble requires a 100% IBM-compatible 386, Windows 3.1 or Windows 95, 3 MB RAM, 3 MB free hard disk space, DOS 3.3 or higher, and a 300 dpi printer supported by Windows 3.1 or higher.

ABOUT INTUIT

Intuit Inc., based in Menlo Park, Calif., is the leading developer of personal finance, small business accounting, and tax preparation software. The company develops and markets software products and services that enable individuals, small businesses and tax preparers to automate commonly performed financial tasks. Intuit's Quicken(R) QuickBooks(R) and QuickPay(TM) products allow users to manage their personal and small business finances. The company's popular TurboTax(R), Personal Tax Edge(R), MacIn Tax(R) and ProSeries(R) software programs enable consumers, small businesses and professional tax preparers to prepare income tax returns. Intuit and its wholly owned subsidiary, Quicken Investment Services, recently launched a line of financial decision-making software products including Your Mutual Fund Selector as well as Quicken Financial Planner. Intuit also provides supplies and services such as the Quicken VISA(R) card with IntelliCharge(TM), Bank On-Line(TM) and Pay On-Line(TM) to further automate finances.

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Note to Editors: (1) 1995 U.S. Travel Data Survey and Intuit Research

CONTACT: Intuit, Inc.

Heidi Jackman, 415/329-3651

Debra Kelley, 415/833-6538