What is online accounting?Online accounting, also known as “cloud accounting” is a new way of doing your books. You connect your bank accounts, spending accounts (credit card, Paypal, etc.), and we automagically, in real-time, do your books. This saves you time that you can use to focus on running your business, or perhaps even kicking your feet up every once in a while.
Why KPMG Spark?KPMG Spark is unique from all other on-line accounting solutions. You have your own dedicated accounting team. You can fully outsource to KPMG Spark! You have access to the breadth, strength, and expertise of KPMG — we have more than 35,000 employees in the US who can answer any type of accounting or tax question.
How are real humans involved? Is it easy to talk with someone?Yes! When you sign up with KPMG Spark, you get a dedicated bookkeeper and manager on your team, and who are your point people. You can communicate with them via email, text, phone, online chat. Whatever works best for you.
What is live bank data?No more manual entry or stuffing envelopes. Securely connect your bank accounts, credit cards and apps like PayPal, Square and others. The data flows in real time into your KPMG Spark account so you can see your income, expenses, and other financial information.
Does KPMG Spark replace my current bookkeeper or accountant?KPMG Spark is meant to save you, your bookkeeper, and your accountant time and money. So the simple answer is “no.” Using KPMG Spark will free you up to spend time thinking more strategically about your finances, instead of being in the weeds of the books.
Do I still need to do monthly reconciliation?No. Because KPMG Spark monitors your accounts and spending in real-time, there is no need to do monthly reconciliation. More time for you run your business or kick up your feet and drink a delicious beverage!