Accounting Software Company Intuit Reverses Ban on Gun-Related Businesses

The company said its two banking partners, JPMorgan Chase & Co. and Bank of America, has pressured it to enforce the policies.

Firearms on display at Gun Effects in Los Angeles on Sept. 8, 2023. Christina Corona/NTD

Sen. Ted Cruz (R-Texas) said he approved of software firm Intuit’s decision to reverse a ban on gun companies from accessing its payroll and payment processing services.

Prior to Aug. 1, 2023, Intuit had prohibited gun sellers and manufacturers from using the full features of its QuickBooks service, an accounting software. Firearm manufacturers were not allowed to access QuickBooks’ payroll services, while entities that sold guns were ineligible for QuickBooks’ payment processing services.