About this episode
This episode discusses a new feature in QuickBooks Online that offers financing options to customers directly through estimates and invoices. The hosts, Alicia and Hector, initially express concerns about privacy and potential predatory lending practices but later discover that the feature is optional and controlled by the business owner. They speculate on Intuit's motivations for introducing this feature, linking it to their acquisition of Credit Karma and the potential for generating revenue through loan commissions. Hector and Alicia emphasize the need for clear communication from Intuit about new features and encouraging users to check their settings to understand how this feature might affect their business interactions. Sponsors Bookkeeping Biz Workshops - https://uqb.promo/bbworkshop Melio - https://uqb.promo/melio The Small Business Research Institute - https://uqb.promo/ceanow (00:00) - Welcome to The Unofficial QuickBooks Accountants Podcast (00:40) - Exploring Credit Karma in QuickBooks Online (02:40) - Factoring vs. Customer Financing (03:58) - Details of the Financing Offer (07:03) - Fine Print and Terms (26:23) - Privacy Concerns and User Permissions (39:09) - Speculations and Future Implications (43:04) - Conclusion and Final Thoughts Send your Questions/Comments (we could read/answer them on air) ask@uqapodcast.com Links/Apps Mentioned in this episode: Alicia's article on QuickBooks Expert Assisted Bookkeeping - https://royalwise.com/alicias-thoughts-about-qb-expert-assisted-bookkeeping/ Hector's App - RightTool www.righttool.app Alicia's Training - RoyalWise http://royl.ws/uqapodcast Alicia’s QBO Products, Services, and Inventory Course - http://royl.ws/qbo-Inventory QuickBooks Connect Conference www.quickbooksconnect.com QuickBooks Tricky Situations: http://royl.ws/QBOtricks Next-Level Accounting: http://royl.ws/NextLevelAccounting Check out Alicia’s step-by-step QBO Textbooks at http://www.questivaconsultants.com The Comprehensive Guide to Converting from QuickBooks® Desktop (QBDT®) to QuickBooks® Online (QBO®) https://www.amazon.com/dp/B0D8L29Z5L QuickBooks Online: From Setup to Tax Time https://www.amazon.com/dp/B0CXZB1R95 Sign up to Earmark to earn free CPE for listening to this podcast https://www.earmark.app/onboarding Download the Earmark CPE App Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728 Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app