On behalf of Intuit, I’m pleased to announce the acquisition of PaySuite, a leading provider of cloud-based self-service payroll solutions here in the UK. As part of Intuit, PaySuite will become an important part of the QuickBooks Online ecosystem in the UK, helping us deliver on our goal of providing best-in-class add-on services that integrate seamlessly with our core accounting application.
PaySuite provides small businesses with everything they need to run employee payroll. A small business owner simply needs to enter the hours staff have worked – PaySuite then automatically calculates relevant taxes, generates an electronic payslip, and sends a Real Time Information (RTI) submission to the HMRC.
The acquisition of PaySuite will help enable small businesses to seamlessly integrate their payroll data directly in QuickBooks Online. That, in turn, means small business owners and their accountants or bookkeepers always have up-to-date views of their cash flows.
This acquisition is part of Intuit’s platform approach to providing small businesses with the full range of cloud-based business management tools. By bringing PaySuite into the QuickBooks Online ecosystem in the UK, we’re striving to ensure that small businesses and accountants in the UK benefit from a seamless experience.
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With more than 1.7M users worldwide, QuickBooks Online is the global leader in cloud business management. We are going to continue strengthening the QuickBooks Online ecosystem by focusing on the core services that matter most, such as payroll, payments and inventory.
This is an exciting time for Intuit and for the 5 million small businesses in the UK. We’ve already made great strides in enabling small businesses to move their accounting practices online. The addition of PaySuite to Intuit’s UK team is another important step forward.