Intuit Singapore to Launch Self-Employed Mobile App

SINGAPORE, March 7, 2017 /PRNewswire/ -- Intuit Inc. (Nasdaq: INTU), the global leader of small business management and accounting software solutions, today announced plans to launch QuickBooks Self-Employed, a new way for the Singaporean self-employed community to stay on top of business expenses. The company also opened registration for customers to sign up for an exclusive beta testing opportunity to share the challenges they face and provide feedback on how the product can help them.

Scheduled to be available later this month, QuickBooks Self-Employed is a mobile app targeted to help the growing freelance workforce. The app features effortless expense tracking, invoicing, and helps users get better insight into their financials including net income and tax obligations throughout the year.

According to the Manpower Ministry's 2015 Labour Force Report, 14 percent of Singapore's workforce are self-employed. A growing part of this is the on-demand economy, which in Singapore includes global platforms such as Uber as well as strong local market players PandaBed, GrabTaxi and Redmart.

"The Singaporean self-employed community will benefit from a service that allows them to effectively stay on top of business expenses and make better financial decisions," said Ashley Millbern, head of global expansion at Intuit. "We know that these workers face unique challenges compared to traditional, full-time employees. QuickBooks Self-Employed will help them get organized and simplify their financial tasks, untangle business and personal expenses, and help them get ready for tax time, a task that used take hours can now be done in just minutes, and right in the palm of their hand."

QuickBooks Self-Employed Delivers Easy Year-Round Tracking

QuickBooks Self-Employed offers many unique features designed specifically for the needs of self-employed workers: 

• Track expenses on the go: Many freelancers struggle to keep their personal and business income and expenses separate. Business and personal expenses are easily categorized by swiping left or right on your phone, so it's easy and fast to claim every deduction.
• Tax savings are a snap: Keeping thorough records and documentation is needed to maximize tax deductions. QuickBooks Self-Employed helps increase tax savings when receipts are linked to expenses through the app. In the United States, users found an average of $4,340 in tax savings per year[1]. 
• Get paid faster with effortless invoicing: Getting paid fast is the life blood of any business. QuickBooks Self-Employed helps create and send invoices effortlessly through the app on the go, and it's easy to know when to follow up with customers by seeing when the invoice has been viewed.
• Picture the Profits: Snap and store receipts, manage expenses, and invoices all in one place, allowing users to access strategic cash-flow insights in real-time, instantly seeing how much they're earning and where their money is going.

QuickBooks Self-Employed launched in the United States in 2015, and is fast becoming a critically important solution for the growing global self-employed workforce. Currently 180,000 customers are using the product in the US, Canada, Australia and the UK -- up from 50,000 just one year ago.

Customer-Driven Innovation Drives Product Development

For more than three decades, Intuit has worked closely with customers around the world throughout the product development process. Customer input is critical to determine what big, unmet needs they are facing, what solutions Intuit should create, and how the products will look and feel. This customer-driven innovation practice has led Intuit to become the number one provider of small business and accounting solutions around the world with easy to use products that help customers thrive.  Singaporean self-employed workers are invited to be part of the product development process by joining an exclusive product testing program to provide input and feedback on the mobile app.

To learn more about the QuickBooks Self-Employed product, or sign up for the exclusive product testing opportunity, please click here.

About Intuit Inc.

Intuit Inc. creates business and financial management solutions that simplify the business of life for small businesses, consumers and accounting professionals.

Its flagship products and services include QuickBooks® and TurboTax®, which make it easier to manage small businesses and tax preparation and filing. Mint provides a fresh, easy and intelligent way for people to manage their money, while Intuit's ProConnect brand portfolio includes ProConnect Tax Online, ProSeries® and Lacerte®, the company's leading tax preparation offerings for professional accountants.

Founded in 1983, Intuit had revenue of $4.7 billion in its fiscal year 2016. The company has approximately 7,900 employees with major offices in the United States, Canada, the United Kingdom, India, Australia and other locations. More information can be found at www.intuit.com.