QuickBooks 2018 R13 Released

| October 10, 2019 | 0 Comments

Intuit has released QuickBooks 2018 R13, which provides an integration with QuickBooks Capital as well as access to QuickBooks Payments services for payroll customers.

This update should be available via automatic updates soon, if it isn’t already. You can also go to the QuickBooks Update site to download the patch.

QuickBooks Capital

I’m not going to provide a detailed evaluation of QuickBooks Capital itself. It isn’t something that I’ll use for my business, so I won’t have any experience with it.

Essentially, this is a way to get financing for a small business right through your QuickBooks program. This has been available through QuickBooks Online for awhile now, and now they are extending it to QuickBooks desktop versions. I’m not clear on how exactly the user interface will work, but I’m guessing that this will open up a captive browser window so you can work with it online.

Intuit will look at a number of factors in determining if you qualify for financing:

  • The number of years you have been in business (usually they want 2 years minimum).
  • How much revenue your business generates (usually they are looking for a minimum of $75,000)
  • Your personal credit history.
  • In addition, you will be giving them access to your QuickBooks database, so they can see details about your business. I don’t know exactly what details they will see.

Here are a few links for information about this feature. Note that some may say that this is only found in QuickBooks Online, as the desktop integration is very new:

None of these links are to a truly independent review – if you see a review from someone who isn’t involved in the program or who isn’t a loan broker of some sort themselves, would you leave a comment here with a web address? Please note that if you leave a comment with a web address my spam system will not publish it right away, I will have to review the link first and approve it, which may take several days. My apologies for the delay.

Again, I’m not reviewing this feature myself. I have to say that I’m a bit concerned about providing the detailed kind of access to your QuickBooks database that might be a part of this. It is something that should be investigated, and thought about. When this was a part of QuickBooks Online (QBO) I wasn’t quite so concerned, because heck, if you use QBO, Intuit has all your data anyways. Access to QuickBooks desktop data is something else – many people like the desktop product exactly because Intuit does NOT have access to it normally. However, this program can be a very fast way to get financing. You may get your answer immediately!

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Category: QuickBooks 2018

About the Author (Author Profile)

Charlie Russell is the founder of CCRSoftware. He’s been involved with the small business software industry since the mid 70’s, focusing on inventory and accounting software for small businesses. Charlie is a Certified Advanced QuickBooks ProAdvisor. Look for Charlie’s articles in the Accountex Report blog, as well as his California Wildflower Hikes blog.

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