The extension of the tax filing season from April 15 to July 15 produced 15-percent drop in Intuit’s consumer tax revenue for the third quarter ended April 30. That countered growth in its small business operations such as QuickBooks to cut into the bottom line and produced an 8.3-percent drop in revenue. 

The challenges brought by the COVID-19 virus and business shutdowns and remote operations has put a focus on payment terms. While there is no consistent report from financial software vendors, formal and informal changes to payments are being offered by many to help cash-strapped customers.

It may sound obvious that QuickBooks desktop revenue declined for the third quarter ended April 30. That was the result of what Intuit said was a sharp decline in unit sales through retail and direct channels since mid-March.