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.

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

Huge.
Nice.

" Intuit partners with Conbase to integrate Bitcoin into QuickBooks Online"

Is that a typo on Coinbase or are you making a statement?

In the FAQ


I am confused by this gem:
(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"

This is great. Coinbase is really pushing hard to make Bitcoin easy to use for everyone

Good to know and nice post :-)

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.