Airbase | August 11, 2021
Airbase, the leading spend management platform for companies from founding to IPO, today announces a native integration with Intuit QuickBooks Desktop. The combination delivers a seamless, automated connection between company spend and the general ledger. This announcement adds to the expanding list of popular GL integrations available with Airbase, including QuickBooks Online and Xero, plus NetSuite and Sage Intacct ERPs.
Airbase’s integrations are native, rather than “indirect” integrations that require a CSV download and upload tool that lengthens the time-to-close and introduces manual processes that can lead to error. This makes Airbase the only spend management company to integrate deeply with all five of the most popular general ledgers.
“Developing deep and fully automated integrations with accounting and workplace software is one of the many things that differentiates Airbase from its competitors. QuickBooks Desktop is one more example of our commitment to creating an excellent user experience for all small to mid-market companies,” said Airbase Founder and CEO, Thejo Kote.
Spend management provides the visibility and control needed to efficiently and safely empower employees to grow their companies. Airbase is the only platform that combines three products — comprehensive bill payments, software-enabled corporate cards, and employee expense reimbursements — and supports them with advanced approval workflows, robust accounting automation, and real-time reporting. This means that with Airbase, every dollar a company spends is captured, accounted for, and managed.
With this new integration, QuickBooks Desktop customers using Airbase can:
Shorten their month-end close by handling all AP from one platform with automatic transaction syncing to the GL in real time, including refunds from vendors and cash back generated from virtual cards.
Boost efficiency by using reports built on real-time data and optionally generating amortization schedules.
Save time and minimize errors by reducing the need for manual data entry, spreadsheets, expense reports, reconciliations, and multiple AP tools.
“Allowing our users to fully and easily customize QuickBooks Desktop with Airbase gives them a superior spend management solution and lets them focus on growing their business instead of chasing transaction details and approvals,” said Kote.
“We know that few vendors have integrated with QuickBooks Desktop, which has left QuickBooks Desktop customers having to make do with workarounds, homegrown solutions, and import/export headaches. We think it's time that changed — at Airbase we’re not going to leave QuickBooks Desktop users behind.”
Airbase is the only comprehensive spend management platform for growing and mid-market companies. It combines all-inclusive accounts payable automation, software-enabled corporate cards, and simplified employee expense reimbursements. Airbase applies consistent approval workflows across all areas, automates accounting, and provides real-time reporting for all non-payroll spend. Innovative accounting automation results in a faster close, better visibility, and true control. Most companies rely on a combination of siloed software products, spreadsheets, and manual workarounds to pay vendors and reimburse employees. Airbase eliminates the resulting messy tech-stack and inefficient processes by replacing products like Expensify and Bill.com. Airbase empowers employees with a uniform approach to spending money, whether that involves corporate card spend, raising a PO, or requesting reimbursement.
Bookkeeper360, Intuit QuickBooks | May 31, 2021
The ability to handle a company's accounting and back-office in a straightforward, headache-free manner can free up a lot of time and energy for a small and medium-sized business. Bookeeper360, which has had five-star ratings for over a decade, certainly fits the description.
The firm recently announced that the Bookkeeper360 App now connects with QuickBooks Online (QBO), increasing its possibilities to millions of small companies who use QBO to handle their accounts. Bookkeeper360 has also been recognized as an approved integration in the Intuit QuickBooks App Store, joining hundreds of technological solutions that assist small companies worldwide.
Users of the app have reacted positively to the improved integration and access to real-time information. These insights and company performance dashboards include cash flow analytics, payroll data with Gusto integration, and the opportunity to contact accounting professionals all from within the Bookkeeper360 App.
The Founder and CEO of Bookkeeper360, Nick Pasquarosa comments while announcing, "We are quite excited about being integrated with QuickBooks Online, which joins Xero and Gusto, as leading online accounting and payroll solutions Bookkeeper360 directly integrates with. The Bookkeeper360 App is actively being used by hundreds of small businesses who rely on the App to make business decisions daily.”
Bookkeeper360 is also introducing a new Pay-as-you-go accounting service. Starting at $99 per hour, small companies may join up online and be linked with an accountant to handle all aspects of bookkeeping, back-office, consulting, and tax support. Pay-as-you-go accounting allows small companies to request services, manage projects in progress, and view their account balance within the App.
"Finding expert accounting advice has always been a challenge for business owners, and here at Bookkeeper360, our mission is to change that. Pay-as-you-go accounting is designed to be similar to popular apps such as Uber and Starbucks, where a user has end-to-end transparency of what is being requested, the costs, and expected time of delivery" Explains Nick Pasquarosa, Founder and CEO of Bookkeeper360.
Since the beginning of 2021, the Bookkeeper360 App has received weekly product updates that include file management, an onboarding wizard to assist clients in starting up with Bookkeeper360 services, task management, as well as a "Unreconciled Transactions" feature to hopefully prevent common bookkeeping errors.
The Bookkeeper360 App was recently utilised to determine if customers were qualified for the Small Business Administration's second batch of Paycheck Protection Program loans.
The development plan is vast, with additional features and integrations set to be released soon.
Bookkeeper360 is a fintech accounting solution for small businesses. Bookkeeper360's product offerings include SaaS business intelligence tools and tech-enabled accounting, advisory, back-office, payroll, and tax services provided by its 100% U.S. Based team of CPAs and accounting experts.
KPMG | May 18, 2021
KPMG Canada is introducing Finance Plus, a modern cloud accounting system for small to medium-sized business owners who lack the expertise or in-house experience to handle their bookkeeping and financial statements. KPMG Finance Plus blends industry-leading financial resources with the tailored assistance of a KPMG accountant.
Finance Plus is an accessible and cost-effective way for entrepreneurs, franchisees, and multi-site company owners to outsource bookkeeping and financial management, all while being supervised by a live KPMG specialist. Clients can provide visibility and access to a range of digital applications that provide end-to-end financial resources such as accounting, bookkeeping, budgeting, everyday transactions, payroll, and tax services through the modern technology portal.
Finance Plus, as one centralised web hub, streamlines bookkeeping records and financial statistics, with timely monitoring that assists in tracking and evaluating a company's financial results. QuickBooks Online, Xero, Hubdoc, Dext, ADP, and Wagepoint are among the tech resources accessible through the easy, single sign-on portal.
"We created Finance Plus for entrepreneurs who want to focus on running their growing business, and don't have the time or in-house expertise to manage their bookkeeping," explains Mary Jo Fedy, National Leader, KPMG Enterprise. He also adds, "Finance Plus features all the advantages of managing your finances securely in the cloud, with the accuracy and reliability of a KPMG professional. Each Finance Plus customer is assigned a highly trained and experienced KPMG virtual accountant, backed by KPMG's professional network of trusted business advisors."
According to a new KPMG poll, the majority of Canadians (88%) believe small and medium-sized companies in Canada have become economic casualties of the pandemic, and many are now struggling as a result of lockdowns. A further 91% of respondents believe the pandemic has shown a real need for Canadian companies to improve their web visibility and technical skills.
"Over the past year, few business owners have been able to escape the economic stresses of the pandemic, and those who have accelerated the shift to digital are better positioned to succeed. Whether a business is currently thriving, secure or challenged, owners need an affordable technology solution that provides an accurate picture of the health of their business in real time. Finance Plus gives clients immediate access to data and insights which can drive efficiencies and potential cost savings," concludes Ms. Fedy.
Finance Plus has the following services:
• Transactions on a regular basis
• Bookkeeping that has been digitised
• Accounts payable/receivable (AP/AR)
• Payroll administration
• Planning a budget
• Reporting to management
• GST/HST as well as federal income tax
• Reconciliation of bank accounts and credit cards
"Finance Plus provides a customized digital bookkeeping service with all the benefits of the cloud. When a business outsources its accounting function to KPMG, we put our people and technology-enabled services to work, freeing up business owners so they can stay laser focused on their business and make more informed financial decisions. That's critical in the current economic climate," According to Peter Gribilas, National Leader, Finance Plus, KPMG Canada.
Finance Plus is designed for founders and small business owners who:
• Lack a dedicated bookkeeper, controller, or accountant on-board.
• Will benefit from routine reporting and analytics
• Need assistance in financial systems such as bookkeeping or payroll.
• Still working on paper-based financials.
• Want a safe cloud-based system backed by KPMG experts with years of experience.
• Want to get more insights and KPIs from their financials.
• Are now using existing bookkeeping tools, but are thinking about outsourcing
Fairly priced and personalised
Pricing is customised to a client's budget and specific business demands, with the option to scale up as the business expands. For fast on-boarding, the Finance Plus app can also easily integrate with a client's current cloud applications.
Taking the stress out of tax calculation
To review year-end financial statements and full tax returns, the Finance Plus team will work closely with a client's local KPMG office. The app organises all year-end documents and safely sends it to a KPMG tax specialist. The consolidated centre removes the need to communicate with different individuals and places while still tracking financial data from various sources.
In Canada KPMG LLP, a limited liability partnership, is a full-service Audit, Tax and Advisory firm owned and operated by Canadians. For over 150 years, our professionals have provided consulting, accounting, auditing, and tax services to Canadians, inspiring confidence, empowering change, and driving innovation. Guided by our core values of Integrity, Excellence, Courage, Together, For Better, KPMG employs nearly 8,000 people in over 40 locations across Canada, serving private- and public-sector clients. KPMG is consistently ranked one of Canada's top employers and one of the best places to work in the country. The firm is established under the laws of Ontario and is a member of KPMG's global organization of independent member firms affiliated with KPMG International, a private English company limited by guarantee. Each KPMG firm is a legally distinct and separate entity and describes itself as such.