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Title: Intuit partners with Coinbase to integrate Bitcoin into QuickBooks Online Post by: jbreher on June 28, 2014, 11:01:42 PM https://paybycoin.intuit.com/
Announced yesterday - I've not yet seen a thread on this development. Quite frankly, this seems huge to me. Intuit's QuickBooks is the overwhelming leader in bookkeeping and accounting software for small businesses. It also powers the Intuit Point-Of-Sale system, which is a widespread cash register and inventory system for many many small retailers. Integrating one-click Bitcoin payments into this platform is massive. Granted, this is only for their Online version (not the traditional installed application). But that integration may soon follow. edit: typo in subject Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: Bit_Happy on June 28, 2014, 11:20:35 PM https://paybycoin.intuit.com/ Announced yesterday - I've not yet seen a thread on this development. Quite frankly, this seems huge to me. Intuit's QuickBooks is the overwhelming leader in bookkeeping and accounting software for small businesses. It also powers the Intuit Point-Of-Sale system, which is a widespread cash register and inventory system for many many small retailers. Integrating one-click Bitcoin payments into this platform is massive. Granted, this is only for their Online version (not the traditional installed application). But that integration may soon follow. Most of the "kids" here probably don't realize how big this is for Bitcoin. :P QuickBooks is a giant, and I am really glad to see this news. Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: chris45215 on June 29, 2014, 12:13:15 AM This really is big. Intuit have been pushing their online version as the next major payment system. This may make it incredibly easy for huge numbers of merchants, especially small or medium-sized companies, to accept bitcoin.
Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: Cicero2.0 on June 29, 2014, 04:36:20 PM Wow that is a big deal. Their market share having easy access to bitcoin processing is huge. Small business owners trust Intuit so this endorsement of bitcoin will carry some weight with them as well.
Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: ShakyhandsBTCer on June 29, 2014, 11:52:54 PM https://paybycoin.intuit.com/ It is really just quick books being able to handle the accounting/tax portion of accepting bitcoin by a small businessAnnounced yesterday - I've not yet seen a thread on this development. Quite frankly, this seems huge to me. Intuit's QuickBooks is the overwhelming leader in bookkeeping and accounting software for small businesses. It also powers the Intuit Point-Of-Sale system, which is a widespread cash register and inventory system for many many small retailers. Integrating one-click Bitcoin payments into this platform is massive. Granted, this is only for their Online version (not the traditional installed application). But that integration may soon follow. Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: factor280 on June 30, 2014, 12:10:35 AM This is absolutely awesome! Should be good news for bitcoin moving forward.
Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: heartbit on June 30, 2014, 12:13:40 AM It is really just quick books being able to handle the accounting/tax portion of accepting bitcoin by a small business ^^ This right here! Takes care of what might otherwise be a major pain for a small business owner - trying to account for / handle tax implications of individual bitcoin transactions. Hooking up a shopping cart is easy with CoinBase / Bitpay if you sell goods online. Intuit / Quickbooks have just made it possible for consultants, plumbers, and a raft of other small businesses to INVOICE and collect using Bitcoin. And by doing this, Intuit/QuickBooks are effectively lending their weight as an "endorsement" of bitcoin as a legitimate payment method - up there with Visa / MC / etc. Plenty of small businesses - and small business owners who will start looking into Bitcoin now. And we all know that once you look, you're hooked! :) I am with the other posters on this - I think this is a BIG deal! YAY! Posted from Bitcointa.lk - #cnJavZ5gkwnxDJlW Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: Chef Ramsay on June 30, 2014, 12:20:52 AM Coinbase has been quite the busy bee making things easier for merchants to do business and hence growing the market potential.
Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: fryarminer on June 30, 2014, 12:26:23 AM Huge.
Nice. Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: ShakyhandsBTCer on June 30, 2014, 12:29:58 AM It is really just quick books being able to handle the accounting/tax portion of accepting bitcoin by a small business ^^ This right here! Takes care of what might otherwise be a major pain for a small business owner - trying to account for / handle tax implications of individual bitcoin transactions. Hooking up a shopping cart is easy with CoinBase / Bitpay if you sell goods online. Intuit / Quickbooks have just made it possible for consultants, plumbers, and a raft of other small businesses to INVOICE and collect using Bitcoin. And by doing this, Intuit/QuickBooks are effectively lending their weight as an "endorsement" of bitcoin as a legitimate payment method - up there with Visa / MC / etc. Plenty of small businesses - and small business owners who will start looking into Bitcoin now. And we all know that once you look, you're hooked! :) I am with the other posters on this - I think this is a BIG deal! YAY! Posted from Bitcointa.lk - #cnJavZ5gkwnxDJlW IMO big businesses make a bigger difference then small businesses when they accept bitcoin. They have brand recognition and their actions can make the news while this is so generally so with small businesses. Even if you do not deal with overstock or expedia you would likely be exposed to bitcoin when you read about it in the paper Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: _Miracle on June 30, 2014, 02:51:14 AM " Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online"
Is that a typo on Coinbase or are you making a statement? Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: smoothie on June 30, 2014, 03:05:57 AM where does it say anything about Coinbase?
Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: phillipsjk on June 30, 2014, 04:54:56 AM where does it say anything about Coinbase? In the FAQ (https://paybycoin.intuit.com/faq) I am confused by this gem: Quote from: Are there fees? Intuit does not charge any fees to either small business or customer for using the Intuit PayByCoin service. Coinbase charges 1% to small businesses for receiving payments in US Dollars. Coinbase charges a small miner fee (usually 0.0005 to 0.0001 BTC) to the customer of small business if the payment is initiated from a non-Coinbase wallet. Please check the Coinbase website for most up to date transaction fees. (Bold mine)If I want to be charitable, maybe they are confusing coinbase with generic "wallet" software. The only reason CoinBase would need to charge a miners' fee is if they insist on immediately re-spending the coins within the hour. PS: I was under the impression that Intuit was a Canadian Company. They must have gotten bought out or something. No CaVirtex back-end option? pps: I suppose they are going to be denoting everything in "bits" instead of "µBTC", "mikes" or "XBT" :P Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: jbreher on June 30, 2014, 05:48:06 AM " Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online" Is that a typo on Coinbase or are you making a statement? Typo. Fixed. Thanks. Title: Re: Intuit partners with Coinbase to integrate Bitcoin into QuickBooks Online Post by: CoolBliss on June 30, 2014, 10:35:32 AM This is great. Coinbase is really pushing hard to make Bitcoin easy to use for everyone
Title: Re: Intuit partners with Coinbase to integrate Bitcoin into QuickBooks Online Post by: mamarried on June 30, 2014, 10:55:57 AM Great! I just need them to also enable payroll by bitcoin in quickbooks. That way I can convince some of my employers to pay in bitcoin.
Title: Re: Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online Post by: _Miracle on June 30, 2014, 04:18:24 PM " Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online" Is that a typo on Coinbase or are you making a statement? Typo. Fixed. Thanks. Good to know and nice post :-) Title: Re: Intuit partners with Coinbase to integrate Bitcoin into QuickBooks Online Post by: Beliathon on June 30, 2014, 06:06:30 PM The good news keeps pouring in, thanks for the link!
Title: Re: Intuit partners with Coinbase to integrate Bitcoin into QuickBooks Online Post by: jonald_fyookball on June 30, 2014, 06:13:27 PM I'm pleasantly shocked this happened so soon.
To me, this is an even bigger deal than Expedia or Dish because its not just a major company, its also a product that millions of other companies use to deal with their financials. This not only legitimizes BTC in the eyes of many, but provides practical benefits to companies that want to transact in BTC --- they can fairly seamlessly integrate those transactions into their bookkeeping. I think we'll soon start seeing some wallets provide "export in quickbooks format" as a standard feature in the same way spreadsheets and other documents do. |