this is awesome news!
Earlier today Intuitannounced a completely new version of its QuickBooks accounting software, and to kick it off, it’s also announcing a new, and rather groundbreaking, partnership. It is integrating with mobile payments juggernaut Square, so that small businesses that use the mobile payment service can automatically feed data from those transactions into their books.
The financial terms of the deal were not disclosed, but Dan Wernikoff, senior vice president and general manager of Intuit Small Business Financial Solutions, confirms to me that it is definitely a “commercial arrangement”. The integration will formally launch November 19, at which point pricing for the service will be revealed. The service will be U.S. only for now, although with QuickBooks’ large global footprint it will be interesting to see if Square uses that in any way in the future.
While Square has yet to announce a formal API for third parties to…
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