Intuit beta tests revenue sharing program with accountants

Participants in Intuit’s QuickBooks Pro Advisor program may soon be able to take advantage of a new initiative that allows for revenue sharing with the company. Under the new program, currently in beta testing, accountants can receive a percentage of the billed price their clients pay each month on new QuickBooks Online (30%) or Payroll subscriptions (15%).

Professionals will be able to enroll in the revenue sharing program through their dashboard by selecting the gear icon. This process must be done via the firm’s primary admin or owner, and will require the firm’s tax ID to begin. Once formally enrolled in the program, they would then select “Add Client” and then “Revenue Share” under the “Bill my client” option. From that point, they would select the relevant product (such as QuickBooks Online or Payroll), add the client’s information, and save. This will result in the client getting a free 30-day trial for the software; before those days are up, the client will also need to provide payment information and activate the subscription, which will be sold at a 50% discount for the first three months.

Once enrolled in the program, the accountant will receive a monthly payout for all eligible client subscriptions, usually after about one to two months due to the 30-day free trial (the payout is calculated only after the client starts the paid subscription). The overall program lasts for 12 months. By charging clients directly, Intuit said that accountants will be able to save time because they don’t need to manage their subscriptions themselves. Intuit noted that clients themselves will not be notified of this revenue sharing arrangement.

The program aims to recognize the work accountants do to recommend, set up, and onboard new clients onto QuickBooks. Currently available to a limited number of users, the goal is to make it broadly available over the coming months. Those interested in learning more can go to this website.

Intuit Campus

For reprint and licensing requests for this article, click here.
Technology Intuit QuickBooks Accounting software
MORE FROM ACCOUNTING TODAY