Tayloe Stansbury, IntuitIntuit plans to launch a product that will enable emailed receipts to be pulled into QuickBooks. The software program was described at this week's Investors Day by chief technology officer Tayloe Stansbury, who said the product was one "which you will see coming out soon with tax data coming soon after."

The receipts product is part of Intuit's focus on electronic fees, such as the feature in the new QuickBooks Online that enables users to have tax data fed to Intuit Tax Online via a single push of a button.

As outlined by Stansbury, the receipts product would associate a user's email account with QuickBooks. The system would "pull out each limn item, figure out which are tax deductible and enter than automatically into QuickBooks and then into tax," he said. Stansburg did not use the phrase, but slides presented during the Investors Day webcast referred to the Financial Data Platform.

Stansbury said about one third of all receipts are now being email, but many are being printed and saved by users, who then present them to accountants. "We've taken an electronic document and made it into a paper document,"he said.

The company also intends to make it easier for data to be available for third-party developers who want to create new applications to work with Intuit products.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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