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KPMG.us: KPMG Spark CARES for small business clients

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TechCrunch: Why big four accounting firm KPMG is betting on technology and startups

This piece on TechCrunch.com details why KPMG is investing in startups, and how KPMG Spark's real-time bookkeeping and accounting software helps growing businesses manage cash flow and plan for the future.

When Zach Olson founded SOHO Skatelab in 2006,he hadn’t counted on the mountain of paperwork his St. George, Utah, store would generate. Worse, he hadn’t realized how unhelpful the old-school business software he’d plucked off the shelf would be, as he struggled to make sense of his cash flow, inventory, payroll responsibilities, future tax liability, and all the other financial pain points that come with the privilege of owning a small business. Adding insult to injury, even though Olson worked on a day-to-day basis, his bookkeeping tools only gave him insights into the financial health of his company at the end of the month.

This, Olson strongly believed, was no way to run a business. Determined to spare his fellow entrepreneurs the bookkeeping headaches he’d been forced to endure, in 2013 he founded a cash-basis accounting app called Bookly, which was immediately embraced by legions of small-business founders and CEOs. Almost as quickly, by 2015, Bookly had closed its second round of VC funding, and by the summer of 2018, Bookly had caught the eye of Big Four accounting giant KPMG. Upon acquiring the company, KPMG retained Olson to be Bookly’s Managing Director, renamed it Spark, and continued  hiring developers, AI and machine-learning scientists as fast as it could.“This is the first time in history that small to medium-size businesses, startups, whatever, have had genuine access to a Big Four accounting firm,” Zach Olson says. “It took six years of blood, sweat, and tears to get Spark to this place,” he adds, “but Spark is now the accounting solution I wish I would have had back when I was selling skateboards.”

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KPMG SparkJanuary 6, 2020Posted In: News

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KPMG.us: KPMG Spark CARES for small business clients

KPMG Spark Launches Website Focused on CPA Firms and Accounting Practices

KPMG Spark launches Tax Tips blog section to help small business owners

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7 Tips for Nonprofit Accounting

Find out more about nonprofit accounting, how it’s different from for-profit organizations, and what you need to know to operate your nonprofit successfully.

KPMG SparkJune 21, 2022Posted In: Tax Tips

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KPMG SparkJune 14, 2022Posted In: Accounting Info

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KPMG SparkMay 24, 2022Posted In: Tax Tips

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KPMG SparkMay 17, 2022Posted In: Tax Tips

Get To Know a KPMG Spark Bookkeeper, Austin!

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Alexandra OjalvoMay 10, 2022Posted In: Business Tips

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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

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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