KPMG Spark Blog

Frequently Asked Questions about KPMG Spark

Wondering what KPMG Spark is all about? Here, we have put together some of the most frequently asked questions we get at KPMG Spark to help you navigate your online bookkeeping experience.

KPMG Spark is a unique solution to bookkeeping and accounting with much to offer our small business clients. Whether you’re just getting your business started and need some help or thinking of making the switch to KPMG Spark, we want to help you understand the benefits you get with us. Here, we have put together some of the most frequently asked questions we get at KPMG Spark to help you navigate your online bookkeeping experience.

What is online accounting?

Online accounting, also known as “cloud accounting”, is a new way of bookkeeping. Usually, it is done virtually to save you time and paperwork. This allows you to have more time on your hands to focus on running your business or perhaps even kicking your feet up every once in a while.

With online accounting solutions like KPMG Spark, there is no more manual entry or stuffing envelopes. All you need to do is securely connect your bank accounts, credit cards, and payment apps. The data will then flow in real-time into your account so you can see your income, expenses, and other financial information.

What is KPMG Spark?

KPMG Spark is different from other online accounting solutions. At KPMG Spark, not only do you benefit from our distinctive  software, but you gain access to a dedicated accounting team. KPMG Spark assigns your business a dedicated bookkeeper, account lead, and CPA to allow outsourcing of all your bookkeeping needs.  Additionally, KPMG Spark is a small business service of KPMG LLP, one of the Big Four accounting organizations. This allows our service to provide you access to the full KPMG breadth of experience in accounting that can help your business grow.

With our services, you can keep track of your financial performance with our interactive dashboard, monthly income statement, and balance sheet prepared for you by your accounting team. KPMG Spark software facilitates a user-friendly experience so you do not have to stress about your bookkeeping.  KPMG Spark connects to your business bank accounts and automatically pulls in real-time business transactions in order to complete bookkeeping.

Who makes up my accounting team? Is it easy to talk with someone?

Yes! When you sign up with KPMG Spark, you get a dedicated bookkeeper, account lead, and CPA on your team, who are also your point people. No more working with cloud accounting providers who make you a client in a spreadsheet and send you down an IT help spiral whenever you face a problem. With KPMG Spark, you get to talk to somebody who knows the ins and outs of your business and not with a chatbox represented by a standard stock photo. Communicating with your bookkeeping team is as simple as sending a quick email, text, phone call, etc. Share your account with others by adding an unlimited amount of users so you can work in real-time by communicating with your accounting team on the fly. Whatever works best for you.

Do you also prepare tax returns?

Yes! We use the latest technology to simplify the tax preparation process. We make tax-filing accessible and user-friendly allowing us to file your taxes for you so you don’t have to lose focus of the day-to-day of your business. For business owners, we can file both your personal and business taxes.

Online Accounting System for Small Business

All in all, our online accounting services are here to take some things off your shoulders so you can get back to other essential business processes. The accounting system for small businesses that we have created combines our specialized software and a dedicated bookkeeping team to make sure your books are in order. Visit our website and give us a call to schedule your demo now to see how KPMG Spark can help you!

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.

Ben AsplundJanuary 5, 2021Posted In: Business Tips

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