KPMG Spark Blog


What is Managed Accounting?

Not All Managed Accounting Solutions Are Created Equal

The Basics of Tax Planning for SMBs

5 Reasons You're Ready for Managed Accounting

Managed accounting is a revolutionary and scalable way for businesses to simplify the complex task of accounting and bookkeeping in order to save their business both time and money. Here are five reasons that show your business is ready to switch to managed accounting.

You don’t have enough time

There is not enough time in the day to figure out your business’s accounting, as well as the other tasks necessary to run your growing business. Having enough time to do everything yourself may have been a possibility in the beginning stages of your business, but as it grows you’ll find that you’ll have less and less time to focus on areas that need attention if you are still doing everything yourself. Managed accounting can help free up some of that time to allow you to focus on the other important areas of your growing business.

You want your business to grow

In order for your business to grow, your books should be up to date. Proper bookkeeping allows you to make data-driven decisions about your business, and where you would like your business to go. Managed accounting brings your business the flexibility of online bookkeeping software, and the benefits of a full-service accounting firm. It’s important to find a managed accounting software that can grow alongside your business.


Having accurate financial information is very important when it comes to applying for loans for your business or attracting new investors. Accounting can get difficult at times when you are dealing with many complex business transactions. If you don’t have a background in accounting, it can be a challenging task to accomplish for your business. Managed accounting combines technology, software, and people to help simplify your business's accounting needs. 

Real-time access

In this day and age, you can get access to pretty much everything at the click of a button. The same should be applicable to your business's financial information. With managed accounting software, you gain real-time access to your finances whenever you need them. Being able to view the live data of your business allows you to gain a new perspective on your income and expenses. Besides gaining access to real-time data through managed accounting software, at KPMG Spark, you also get access to a combination of artificial intelligence, machine learning technology, and a dedicated bookkeeper to ensure accuracy and allow its users access to instant insights and real-time reporting.


Most accounting services are charged at an hourly rate for their work. As they rack up hours working on your financial information, your accounting expense gets larger and larger. Hourly expenses are hard to budget for if the costs are unknown. Paying for a managed accounting service gives you all the benefits of a normal accountant plus more, at a yearly or monthly price you agree to.

If your business is ready for a positive change, you should try managed accounting. Besides the 5 benefits discussed above, there is so much more managed accounting can offer your business. KPMG Spark managed accounting is a scalable way to serve your growing business’ accounting needs through a combination of software and human assistance. To learn more about the KPMG Spark managed accounting solution give us a call at 1-855-777-7696.



The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG LLP.

This blog article is not intended to address or provide advice concerning the specific circumstances of any particular individual or entity and does not constitute an endorsement of any entity or its products or services.

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230. The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.

Alexandra OjalvoJanuary 25, 2022Posted In: Business Tips

Download our Free Guide - Managing Small Business Cash Flow


What is Managed Accounting?

Not All Managed Accounting Solutions Are Created Equal

The Basics of Tax Planning for SMBs


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

KPMG Spark is an online accounting service that saves you time so you can focus on what’s most important for your business.

Sign Up

Should Your Small Business Be Filing 1099-NEC Forms?

Let’s explore Form 1099-NEC – who is required to file it, who should be furnished it, and its importance in meeting your annual tax return requirements.

KPMG SparkMay 24, 2022Posted In: Tax Tips

Using a 1099-MISC Form for 2021 Taxes

Find out more about the 1099-MISC form including who submits it, who needs it, and how it relates to filing your 2021 taxes as a small business owner.

KPMG SparkMay 17, 2022Posted In: Tax Tips

Get To Know a KPMG Spark Bookkeeper, Austin!

Join us today to meet Austin, a bookkeeper at KPMG Spark. At KPMG Spark, our automated bookkeeping software is backed up by a team of real bookkeepers. They work behind the scenes handling all your day-to-day bookkeeping tasks. Clients can contact them with any questions they may have. Today we are getting to know Austin, one of our bookkeepers at KPMG Spark.

Alexandra OjalvoMay 10, 2022Posted In: Business Tips

Reduce Costs and Risks with Managed Accounting

How guidance from user-friendly software, state-of-the-art AI technology, and accounting specialists can be a gamechanger for small to medium business owners.

KPMG SparkMay 3, 2022Posted In: Business Tips

The Electronic Federal Tax Payment System or EFTPS®: Paying Your Taxes Online for Free

Find out more about the free EFTPS® service provided by the U.S. Department of Treasury, including how to use it and which updates may benefit you the most.

KPMG SparkApril 26, 2022Posted In: Tax Tips

Top Three Accounting Strategies You Can Implement to Position Your Business for Success

Check out these quick wins business leaders can begin practicing to experience noticeable accounting gains, from saving time to improving the bottom line.

KPMG SparkApril 14, 2022Posted In: Business Tips

Form 1099-R: Passive Income Distributions

Find out more about Form 1099-R and how it‘s used to report distributions from your sources of passive income.

KPMG SparkMarch 31, 2022Posted In: Tax Tips

Tax Changes for 2021

New tax updates are here for 2021 tax filings. Let’s take a look at what’s changed for 2021 and find out how it affects you.

KPMG SparkMarch 28, 2022Posted In: Tax Tips

Form 1099-K: Reporting of Web-Based and App-Based Transactions Will Increase Substantially in 2022

Check out one of the biggest changes impacting the gig economy beginning January 2022 – changes to the requirements for the 1099-K Form. Learn how the new rules may affect your tax return.

KPMG SparkMarch 15, 2022Posted In: Tax Tips