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Intuit adds AI accounting tools for nonprofits and manufacturers

Intuit added fund and grant tracking for nonprofits and inventory tools for manufacturers to its accounting software, which could replace some spreadsheets.

By the Dashline deskSource: PYMNTS
Intuit adds AI accounting tools for nonprofits and manufacturers
Photo: Santeri Viinamäki, CC BY-SA 4.0

Intuit is adding new accounting tools aimed at nonprofits, manufacturers and construction firms. The company announced them in a press release on Tuesday, Oct. 27. They are built into Intuit Enterprise Suite and QuickBooks Online Advanced, and Intuit calls them AI-native, meaning artificial intelligence is part of how they work.

What changed

For nonprofits, fund and grant accounting is now built into the platform instead of being handled in spreadsheets. That means tracking money by where it came from and what it is meant for. For manufacturers, there are workflows for inventory across several locations and for production. They include pick-pack-ship, the steps of pulling items, boxing them and sending them out. They also include multi-level bill of materials, a parts list where some parts are made of other parts.

For construction, Intuit says it deepened features the platform already had. The tools run on Intuit Intelligence, which Intuit says combines AI, machine learning, fixed rule-based code, human expertise and permissioned financial data.

What is not known yet

The material does not say what the new tools cost, when each one becomes available, or whether they are included in current plans. It also does not show how well they work in practice. Intuit's own claim is that businesses can handle more complexity with confidence.

One number gives some context. Intuit's CEO, Sasan Goodarzi, said on an August earnings call that 75% of Enterprise Suite users use Intuit's AI agents every month. That is the company's figure, not an independent one.

Who it affects

Nonprofit and small manufacturing owners who now juggle spreadsheets are the clear audience. Intuit also announced other updates at its Intuit Connect event, including AI-powered cash flow and invoicing tools for QuickBooks and a ProPartner program for accountants that launches in 2027.

The takeaway

If spreadsheets track your grants or inventory, check Intuit's pricing and availability before deciding whether a switch is worth it.

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