INTUIT LIMITED exhibits an average payment time of 41 days, consistently extending beyond standard 30-day terms for many invoices. While 50% of payments occur within 30 days, a significant 32% fall into the 31-60 day bracket, and 18% exceed 60 days. This indicates a trajectory where a substantial portion of payments trend towards longer cycles, impacting supplier cash flow expectations.
The company demonstrates a notable degree of payment unpredictability, with 24% of payments categorized as late. Furthermore, 18% of payments taking over 60 days suggests a non-trivial risk of extended invoice settlement periods. Suppliers cannot reliably forecast timely payments, which introduces moderate financial planning challenges due to this inconsistency.
Suppliers considering INTUIT LIMITED should anticipate an average payment cycle of 41 days, with a quarter of invoices likely to be paid late. It is crucial to factor the 24% late payment rate and the 18% of payments exceeding 60 days into cash flow forecasting and credit risk assessment. To mitigate risk, suppliers may consider negotiating specific payment terms, such as partial upfront payments or stricter late payment clauses.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Aug 2025 - 31 Jan 2026 | 02 Mar 2026 | 21 | 92% | 4% | 4% | 9% |
| 01 Feb 2025 - 31 Jul 2025 | 28 Aug 2025 | 41 | 50% | 32% | 18% | 24% |
| 01 Aug 2024 - 31 Jan 2025 | 23 Apr 2025 | 26 | 58% | 39% | 3% | 29% |
| 01 Feb 2024 - 31 Jul 2024 | 27 Feb 2025 | 25 | 57% | 41% | 2% | 31% |
| 01 Aug 2023 - 31 Jan 2024 | 27 Feb 2025 | 29 | 56% | 42% | 2% | 25% |
| 01 Feb 2023 - 31 Jul 2023 | 08 Apr 2025 | 27 | 56% | 40% | 4% | 19% |
| 01 Aug 2022 - 31 Jan 2023 | 08 Apr 2025 | 22 | 64% | 35% | 1% | 18% |
| 01 Feb 2022 - 31 Jul 2022 | 08 Apr 2025 | 21 | 69% | 28% | 3% | 11% |
| 01 Aug 2021 - 31 Jan 2022 | 08 Apr 2025 | 27 | 58% | 38% | 4% | 23% |
| 01 Feb 2021 - 31 Jul 2021 | 08 Apr 2025 | 25 | 61% | 35% | 4% | 15% |
| 01 Aug 2020 - 31 Jan 2021 | 08 Apr 2025 | 26 | 57% | 39% | 4% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Intuit Limited is a committed signatory to the UK Fair Payment Code. Standard payment terms are Net 30 days from the date of receipt of a correct and conforming invoice, unless alternative terms are contractually agreed upon with the supplier. To support the small business community, Intuit Limited offers accelerated Net 10 payment terms to all verified small businesses. All invoices require a valid purchase order number, a detailed description of the goods or services supplied, and must be addressed to the correct Intuit legal entity. Invoices must also comply with regional sales tax/VAT requirements. Payment is contingent upon the delivery of conforming goods or the satisfactory completion of services.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
The Intuit Accounts Payable team proactively partners with suppliers to resolve billing discrepancies. Unresolved disputes are escalated to the relevant business owner and the procurement team to ensure a fair, transparent, and efficient resolution for all parties.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Intuit Limited operates as a private limited company, a common legal structure for businesses in the United Kingdom.
This active company was incorporated on 21 January 1992 and is registered in the UK with company number 02679414. Its registered office is located in London at 5th Floor Cardinal Place, 80 Victoria Street, SW1E 5JL.
As a private limited company, it is part of the extensive UK business landscape, with such entities typically engaging in a wide variety of commercial activities. These organisations provide diverse services and products across numerous industries, operating to generate profits for their shareholders.