Intuit has moved to make it easier for small businesses to import their transactions from Square point-of-sale products into its QuickBooks accounting software.
The integration, arriving in the US on 19 November, will enable firms to automatically feed their payments data from Square straight into the new, revamped QuickBooks, saving time and ensuring accurate reporting, claim the pair.
The partnership comes despite the fact the two companies compete with each other in the mPOS market, and Intuit says that it will continue to push its GoPayment offering.
Dan Wernikoff, GM, Intuit Small Business Financial Solutions, says: "By rebuilding QuickBooks as an open platform, small businesses can choose to use services we provide as well as the solutions they already use and love, like Square."
Francoise Brougher, business lead, Square, adds: "Our customers tell us often how important it is to have accurate and in-depth information about their business. Integrating with QuickBooks gives sellers another powerful tool to help them run their business more efficiently."