Using Bitcoin With Quickbooks- Part 1: Recording Sales and Accepting Payments
This is the first part of a multi-part series that will explain how to integrate Bitcoin as a payment method using your existing small business accounting software package.Why would you need to do this? In short, because accounting principles generally accepted in the United States and state and federal regulatory authorities require reporting in US....
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Intuit's QuickBooks Online has become the first cloud accounting system to allow small businesses to accept bitcoin payments, we're learning via a blog post sent to us by a company spokesperson earlier today. The California-based company's new PayByCoin service has been made possible through an integration between QuickBooks Online and Coinbase - a bitcoin merchant services provider and broker. For the small businesses using QuickBooks Online to generate their electronic invoices, PayByCoin comes as a free add-on, which is certainly convenient. Here's how the whole thing works, as....
This is the third part of a multi-part series that will explain how to integrate Bitcoin as a payment method using your existing accounting software package. This procedure will allow you to properly account your Bitcoin expenses and integrate those expenses into your business records as if they had originally been made in your home currency. QuickBooks' workflow model allows you to track accounts payable by vendor, reminds you when your bills are due and provides an easy to understand way to enter payments. If you are fortunate enough to identify a vendor in your supply chain that accepts....
Intuit adds BitPay to PayByCoin. Intuit andBitPay announced the integration of Bitcoin payments into the Quickbooks PayByCoin service. The integration will allow the company to offer the option of paying by Bitcoin to their customers. The integration also allows for next day settlement in their bank accounts as well. The quick deposit to their bank accounts will help companies avoid the volatility in the Bitcoin price yet still able to accept it. This type of protection will make Bitcoin more attractive to companies eliminating the risk of a large swing in value. Another excellent feature....
For years, Intuit has spent a large portion of its energy towards innovation. Intuit Labs, understandably, runs “Lab Experiments” to test and implement the newest innovations and technologies, package them into user-friendly software, and deploy them to small businesses around the world. Intuit Lab’s current “experiments” include a mobile POS solution called ShopOwner, a mobile application to ease waiting called Buzzer, and much much more. The newest of these projects, just announced today, is QuickBooks Bitcoin Payments. The Innovative team bringing QuickBooks Bitcoin Payments to life....
Some of the biggest pop stars in the world has brushed shoulders with Bitcoin-accepting businesses and other musicians. One business, a first class recording studio in New York, is on the cutting edge of payments in the music industry. The likes of Beyonce, Coldplay, Pixar, Dreamworks, Cartoon Network and A&E use the Bitcoin-accepting Premier Studio (PS) located in New York City. PS enjoys top-notch company such as 50 Cent, Nas, Snoop Dogg, and other musicians, who have also championed Bitcoin for the music industry. Studio E. Premier Studios - #C24 #RecordingStudio #PremierStudios. A....