Though the bookkeeping support service would not be designed for people who seek to hire a full-time bookkeeper, this low-cost service could create a price anchor for bookkeeping services, working against the ability of professional bookkeepers to maintain their value-infused fixed pricing models. Even if the pricing does shift up or down a bit after Intuit’s initial market viability test, I suspect the pricing won’t swing up or down by more than 20%. Though the pricing of the launched service may change, the pricing on the QuickBooks website right now is around $200/month. I shared the concerns below with Intuit during my call, and, to their credit, they were very receptive to this feedback.Ĭoncern 1: Price Anchors around Bookkeeping Given the facts above, my conversation with Intuit alleviated some of my concerns…but not all of them. My Concerns about this Possible QBO-Attached Bookkeeping Service Its scope would almost certainly not expand to more advanced areas of the bookkeeping process like forecasting, financial planning, payroll support, payroll processing, or payroll compliance/reporting. The service would include monthly activities like the review of transactions, making corrections and providing tips and best practices for the use of QuickBooks Online. Intuit would probably route businesses seeking help with these setup processes to the Find-a-ProAdvisor site.įact 6. Though there is a healthy amount of setup assistance involved with the service, advanced setup steps like payroll, sales tax, and the entry of historical transactions (manual entry) would most likely not be included. In other words, it would not be outsourced bookkeeping, partial or otherwise.įact 5. It would not be about managing day to day transactions or about proactive guidance. The service would be about ensuring bookkeeping transactions recorded by the user are accurate and current. They would most likely route the latter to Find-a-ProAdvisor.įact 4.
Should Intuit proceed with this program, it would be their intention to discern who is a good candidate for their bookkeeping service… and who is not.
Intuit is currently running a market viability test around the pricing.įact 3. It is not designed for people who seek to engage or currently engage a professional bookkeeper.įact 2: The pricing that is listed on the website may not be the final pricing. The following are the facts as I understand them from my conversation with Intuit.įact 1: Should Intuit proceed with this program, the program would be designed for QuickBooks Online users who are doing their own bookkeeping and who need to be rescued, in very specific ways, because they are doing their own bookkeeping. Should Intuit decide to move forward with this service, it is important for QuickBooks ProAdvisors and other professional bookkeepers to know as much as possible and to beginning planning now.
Real-bookkeepers-in-quickbooks The Facts about Intuit's New Bookkeeping ServiceĪfter reading numerous social posts and reviewing the product messaging on the QuickBooks website, I met with my contacts at Intuit to gain a better understanding of their upcoming bookkeeping service and clear up some of the confusion about what, exactly, Intuit plans to offer.įirst and foremost: According to my sources at Intuit, they have no defined intention regarding this potential offering and that the product offering that appears on the QuickBooks website is a test to better understand small business interest.īut the test does show that Intuit is considering launching a subscription based bookkeeping service, and that they are testing the price point of $200 per month.
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