By
updated 9/27/2013 2:16:10 PM ET 2013-09-27T18:16:10

Some good news today for small-business owners who use Square as their point-of-sale service: Square has partnered with Intuit to simplify the accounting process with QuickBooks software. The integration will enable businesses to import their transactions from Square directly into QuickBooks.

Importing sales data from Square into QuickBooks can presumably save entrepreneurs the time of having to enter it manually. It also helps ensure the accuracy of the data being transferred since the process is automated.

In addition to offering a handy new service to business owners, this partnership is interesting since Intuit offers its own point-of-sale product called Go Payment -- essentially a Square rival.

Yesterday, Intuit announced a revision to its QuickBooks Online accounting tool, making it customizable according to a business's needs, making it work in conjunction with customer relationship management (CRM) apps for iOS and Android and providing for support third-party app integration.

The new service will become available starting on November 19, Square says.

Related: Intuit Updates QuickBooks Online Accounting Tool With Customizable Features Aimed at Small Businesses 

Copyright © 2013 Entrepreneur.com, Inc.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.61%
$30K home equity loan FICO 4.71%
$75K home equity loan FICO 4.26%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 12.56%
12.56%
Cash Back Cards 17.50%
17.42%
Rewards Cards 16.91%
16.87%
Source: Bankrate.com