Accounting

Intuit unveils Accountant Suite, Intuit Intelligence

Published

9 months ago

October 28, 2025

Intuit debuted Intuit Accountant Suite and Intuit Intelligence, partnering with a group of accounting firms leveraging artificial intelligence, during its Intuit Connect conference this week in Las Vegas.

Intuit Accountant Suite is an AI-native platform, while Intuit Intelligence enables accountants to use embedded AI agents and connected data to access insights and recommendations to scale up their businesses and deliver advisory services to clients. Intuit is partnering with firms such as Aprio, Cherry Bekaert, EisnerAmper and Sorren on trying out the technology.

Intuit Accountant Suite includes features such as consolidated client management, a custom dashboard, role-based access controls, firm-specific client numbers for tracking, and AI-powered client insights. Intuit Intelligence provides access to a virtual team of AI agents for growing and managing customers, payments, payroll, accounting and tax services.

Intuit Accountant Suite is the successor to the QuickBooks Online for Accountants product that’s been on the market for over a decade. “Accountant Suite takes all of the data that firms have that’s been federated across all of their accounts and actually provides it in a single platform where they can then get the best of our Intuit Intelligence, our AI offerings, working on behalf of their firm, on behalf of their clients and the firm’s teams,” said Ted Callahan, Intuit’s director of accountant partnership and strategy, in an interview. “We’ve been developing this for years, and in close partnership with the community for the last year.”

Intuit has been beta testing the technology with over 1,100 different firms to get it to market. “We’re pulling together all of the data for these firms,” said Callahan. “The way that manifests itself is when you log in, depending on who you are, we’ve got different personas that drive your experience.”

For example, the firm owner and partner in charge of client advisory services will get a totally different dashboard when logging in than a bookkeeper on the CAS team. “It’s a completely customized experience for you based on who you are,” said Callahan. “The way that we show the information that’s most relevant to you is something that you can customize for yourself or for your team.”

Users first get a heads-up view of what they have to do that day, such as the training sessions their manager has assigned to them through ProAdvisor Academy and the new ProAdvisor Training Manager Dashboard, and the set of client files they need to be working on that day.

“If you’re a manager of that team, we can really drill into the efficiency of your team where you can see who’s got capacity, where they’re going to be tapped out with too much work for the time and vice versa, so you can load balance across your team,” said Callahan. “We’re bringing together not only the technology that we’ve talked about traditionally, all of the QuickBooks capabilities, but also our Virtual Expert platform capabilities that we use to run our own Live Expert offerings. They’re now powering a number of those capacity planning, team management experiences that we’ve been hardening and testing, running our own virtual firm for the last five years.”

For firm leaders, Intuit has developed a firm console, where leaders can see in one pane the state of all their clients and learn about future growth opportunities, with the AI recommending conversations with specific clients.

“We’ve got the ability to say because of that capacity constraint, you should be paying attention to this client because we think you need to be leaning in there,” said Callahan. “We also have the ability for you to drill into the upcoming cash flow issues with those different metrics on that firm console view for a firm owner, so they can be getting ahead of any client problems.”

Intuit Intelligence provides a conversational interface that works across all of the proprietary data collected by Intuit, with the ability to compare individual company performance to industrywide data. Intuit previewed a set of AI-powered agents for small businesses using QuickBooks during an event in June in New York, and the new Intuit Intelligence product builds on those capabilities.

“Now when you log into an individual QuickBooks Online file, what you’ll see is an experience at the top of the screen, where it’s powered by all of the different AI that we bring to bear,” said Callahan. “You can ask, in conversational language, ‘Tell me how you know my business is doing? What’s the upcoming set of vendors that I need to be monitoring when I think about AR?’ It can instantly pull up the report for you, and then it can say, ‘This vendor has traditionally been somebody that pays you late. Should I send them a proactive notification on your behalf?’ And then you can dispatch that. If you think about the power of what AI is doing for you, it’s surfacing not only anomalies that we’ve detected that you can then correct, but also forward-looking areas of opportunity for growth for your business.”

In July, Intuit introduced AI agents in its Enterprise Suite for midsized businesses. “This is our ambition to be really disrupting the midmarket space,” said Callahan. “We’ve got an AI-native solution with ERP-like capabilities that we can provide to customers who need it without all of the disruption and additional cost that comes with implementing some of the traditional stalwarts in that space. We are on a quarterly cadence of pretty rapid and dramatic improvements based on our partnership with accounting firms on what they need differently for their clients to win in that space together. We’re announcing a number of new experiences, both in the core financial management space, of new improvements to multi-entity consolidation, how the AI works across all of that, as well as building out better, deeper, richer reporting experiences that help a business really manage all of the complexity that comes in that market space.”

Intuit didn’t announce any new features for TurboTax, but Callahan said Accountant Suite will offer an upcoming set of features for users of ProConnect, Intuit’s professional tax software. “If you’re a multiservice firm that has a bunch of tax clients, we’ve got the ability now, in the experience of the Accountant Suite, to see that entire set of clients and bring that experience into the Accountant Suite, so you don’t have to leave it,” he said.

Intuit is already offering such features for bookkeeping. “Live today in the Accountant Suite, we have something we’re calling Books Review,” said Callahan. “If you think about the job of a bookkeeper, it’s to provide a consistent month-end close. We’re providing it in a completely integrated workflow inside the Accountant Suite to enable the bookkeeping team to deliver that workflow inside the suite, versus needing to go to individual files.”

Intuit’s ProAdvisor program is now completely integrated into the Accountant Suite. “We’re really in the midst of a transformation from our traditional ProAdvisor program to a true global firm-based partnership program,” said Callahan. “Now with Intuit Accountant Suite, all the firms that consolidate all of their various realms that they had in QuickBooks Online for Accountants now will have a true firm-based partner program for them, where the points are accruing at the firm level versus in the past because of some architectural constraints at the realm level. And then when you log in now to the Accountant Suite, we actually provide visibility into your ProAdvisor status for your firm, and then what are the actions that would take you to the next tier that unlocks the next set of benefits.”

Intuit is also making an announcement at the conference about ProAdvisor Academy. “We have an industry-first collection of courses that we’ve bundled together that we’re calling the CAS Foundations,” said Callahan. “Think about client advisory services, which has been the growth star for accounting firms for the past several years. We’re providing a bundle of five different courses that provide both product training and skill-based training for teams.”

Those modules include bookkeeping and the Level 1 certification that Intuit provides to become a Certified ProAdvisor, as well as training on AI. Intuit is offering two different courses on AI, one on agents and the other on how to develop business insights out of the financial statement analysis. Another course focuses on client communication. Callahan talked with members of about 55 large firms on Monday, and they were interested in the new ProAdvisor Academy and CAS Foundations offerings.

The Intuit Connect conference also features several guest speakers, including singer and actress Queen Latifah, Blue Angels pilot John Foley and best-selling author Brene Brown. Foley showed videos of jets flying in tight formations, and discussed the power of what he called the “debrief,” in which the pilots candidly talk about what they did well and what they did wrong that they intend to fix.

“At the end of each of the individual teams sharing, they would say, ‘Glad to be here,’ and it had both this meaning of glad to be alive, because the mistake did not mean they got hurt or anybody else got hurt, but also an expression of gratitude,” said Callahan. “He had this whole concept of how joyful giving is what unlocks the highest performance in teams.”

Accounting

Continuous Auditing Transforms Corporate ERPs

Published

3 days ago

July 21, 2026

Business Finance News

continuous auditing transforms corporate erps

As corporate accounting departments cross the threshold into late July 2026, the adoption of continuous, automated auditing systems has reached a definitive turning point. Driven by advances in artificial intelligence and deep integration with modern Enterprise Resource Planning (ERP) platforms, leading finance organizations are moving away from traditional, periodic post-hoc audits in favor of real-time, 100% transactional verification. This technological transition is redefining internal control environments, reducing compliance costs, and eliminating the structural delays inherent in legacy quarterly closing processes.

Unlike traditional auditing frameworks that rely on statistical sampling—a process that inevitably leaves operational blind spots—continuous auditing software monitors operational data feeds continuously. Every purchase order, electronic invoice, payroll disbursement, and cross-border wire transfer is automatically cross-referenced against established corporate governance parameters, regulatory tax schedules, and anti-fraud algorithms in real time. Anomalies or unauthorized ledger entries are flagged instantly, allowing internal audit teams to investigate and remediate compliance gaps immediately rather than months after the close of a financial period.

The implications for executive financial management are far-reaching. By embedding continuous verification directly into daily transaction workflows, chief financial officers gain uninterrupted visibility into the organization’s true financial standing. Real-time balance sheet auditing eliminates the severe operational bottlenecks associated with month-end and quarter-end financial reconciliations, freeing accounting professionals to focus on strategic financial modeling, tax planning, and capital allocation rather than manual data entry and spreadsheet consolidation.

However, implementing continuous auditing requires accounting leadership to invest heavily in data governance and technical upskilling. Internal audit teams must evolve from manual ledger reviewers into system architects capable of auditing complex algorithms and validating automated data pipelines. Accounting firms and corporate controllers that master continuous auditing will establish a resilient compliance framework capable of meeting stringent international regulatory standards with total transparency.

Accounting

U.S. Imposes New 50% Tariffs on Canadian Imports Under Rare Legal Provision

Published

4 days ago

July 20, 2026

Business Finance News

U.S. Imposes New 50% Tariffs on Canadian Imports Under Rare Legal Provision

WASHINGTON — In a major escalation of cross-border trade friction, U.S. President Donald Trump has signed executive orders imposing new 50% tariffs on a wide selection of Canadian exports, citing discriminatory practices by Ottawa targeting American auto, dairy, and beverage industries.

The new duties, announced Monday, will take effect in 30 days. They target a broad spectrum of consumer and industrial goods—ranging from wine, liquor, and milk products to commercial cement, furniture, clothing, and hockey equipment.

Untested Legal Mechanism

To enact the sweeping measures, the administration invoked Section 338 of the Tariff Act of 1930—a rarely used legal provision allowing the executive branch to levy additional tariffs of up to 50% on foreign nations deemed to discriminate against U.S. commerce.

White House officials noted that Section 338 addresses trade discrimination rather than national security or economic emergencies. The move comes months after prior global emergency tariffs faced legal challenges in domestic courts, signaling Washington’s pivot toward alternate statutory authorities to maintain import duties.

Senior administration officials briefed reporters that the measure directly responds to Canadian provincial bans on U.S. alcohol, restrictions on American vehicle exports, and import quota disparities affecting U.S. dairy and cheese producers relative to third-party trading partners.

“While the administration continues to secure reciprocal trade agreements globally, Canada retaliated against efforts to protect domestic industry,” U.S. Trade Representative Jamieson Greer stated.

USMCA Impact and Carve-Outs

Significantly, the newly ordered 50% duties will apply to designated items even if they otherwise comply with the United States-Mexico-Canada Agreement (USMCA).

However, the administration confirmed key targeted exemptions:

Energy products (including oil and natural gas)
Potash and critical minerals
Fish and seafood
Goods already governed by sector-specific duties (such as existing steel and aluminum tariffs)

Administration representatives emphasized that the tariffs do not stem from recent disputes concerning drifting Canadian wildfire smoke, noting that policy options regarding environmental spillover remain under separate review.

Canadian Response and Market Reaction

Following the White House announcement, the Canadian dollar experienced a sharp decline against the U.S. dollar, falling approximately 0.4% during evening trading.

Canadian Prime Minister Mark Carney issued a statement emphasizing that Canada’s earlier counter-duties had merely matched previous U.S. trade actions. “Canada stands ready to engage intensively to address outstanding issues with the U.S. to the mutual benefit of our citizens,” Carney stated, pointing to detailed proposals Ottawa submitted to modernize the USMCA framework.

Ontario Premier Doug Ford took a firmer stance, urging a “dollar-for-dollar” reciprocal response if the measures go into effect on August 19.

With a 30-day implementation window before the duties officially lock in, industry associations and trade groups on both sides of the border are calling for urgent bilateral negotiations to avert further supply chain disruption across North America.

Accounting

Automated Continuous Auditing: Transforming Compliance and Real-Time Financial Oversight

Published

4 days ago

July 20, 2026

Business Finance News

Transforming Compliance and Real-Time Financial Oversight

The traditional accounting paradigm—defined by periodic monthly closures and post-hoc annual audits—is rapidly giving way to continuous, automated financial oversight. As of July 2026, forward-thinking accounting practices and multinational corporate finance departments are leveraging continuous auditing systems powered by advanced machine learning models. These systems monitor operational transactions in real time, shifting audit methodologies from sample-based post-analysis to absolute, 100% transaction-level verification.

The operational advantages of continuous auditing are transformative. Standard auditing procedures historically relied on statistical sampling, which, despite rigorous methodology, inherently left gaps where anomalies or fraudulent transactions could go undetected for months. Modern continuous auditing platforms integrate directly with enterprise resource planning (ERP) databases, instantly cross-referencing purchase orders, invoices, bank feeds, and tax records. Any deviation from established control parameters or unusual transaction behavior triggers immediate flags for internal audit teams, dramatically reducing detection lag from quarters to seconds.

Beyond fraud prevention, continuous auditing fundamentally alters internal reporting and decision-making. Executive leadership no longer has to wait weeks after the close of a quarter to evaluate precise financial standing; real-time verified ledger data provides an uninterrupted view of operating margins, tax liabilities, and cash flow dynamics. This real-time visibility enables corporate controllers to adjust capital allocation strategies dynamically, mitigating liquidity constraints and capitalizing on emerging commercial opportunities far more efficiently than competitors bound to legacy reporting cycles.

However, implementing continuous auditing requires accounting professionals to acquire new analytical capabilities. The role of the auditor is evolving from manual data reconciliation toward system validation, algorithmic model governance, and strategic risk interpretation. Accounting firms and corporate finance departments must invest in continuous technical education, ensuring that audit staff possess the data engineering skills necessary to design, maintain, and evaluate complex automated compliance systems.