KPMG Spark is a software-enabled bookkeeping and accounting service for small and medium businesses. Its proprietary, cloud-based bookkeeping technology aggregates data from your connected accounts and displays it visually on your dashboard. It also assigns you a dedicated bookkeeper and CPA responsible for preparing monthly statements, processing payroll, and preparing end-of-year tax filings. Maintaining sufficient in-house resources to fulfill tax obligations can be costly, especially for fast-growing enterprises. Increasing the size of your internal tax team at the same rate as your business growth may not be economically feasible. KPMG Spark is a user-friendly bookkeeping tool designed to streamline tax preparation and online accounting for small and medium-sized firms (SMBs).
KPMG Vaults Into Small And Mid-Sized Business Market With New Service – KPMG Spark USA – English – USA – PR Newswire
KPMG Vaults Into Small And Mid-Sized Business Market With New Service – KPMG Spark USA – English – USA.
Posted: Thu, 06 Dec 2018 08:00:00 GMT [source]
With an easy-to-use invoicing system that enables you to automate invoice creation and payment collection, KPMG Spark is an awesome platform for small businesses to consider using. If you aren’t ready to hire a full time bookkeeper, this could be a good tool as you’ll get access to real accountancy expertise without the expense of hiring a full-time employee. You can connect KPMG Spark to your credit card accounts and third-party services such as PayPal. When you pay an invoice or make a purchase, this information appears within 3 hours on your Spark platform. Thanks to this near real-time processing, Spark sets you free from having to deal with burdensome monthly reconciliations.
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The monthly rate is determined purely by the amount of accounts you need to perform bookkeeping on. In this case, ‘accounts’ means any source of transactional data (e.g. checking, savings, credit card, loan accounts, Square, PayPal). The other notable thing about the Spark platform is the hands-on service. When you enter your dashboard, you’ll find your bookkeeper’s and account manager’s contact details clearly displayed on the right-hand side of the screen. They may also contact you if something in your data needs clarification. You can also share documents with your bookkeeper using the inbuilt shared Dropbox tool.