Small Business Accounting Takes Home Big Investment Deals

PYMNTS

But a clear winner did emerge: Small business accounting is a space that saw the largest funding round of the week, thanks to the $73 million placed with Ageras Group. Based in California, Docyt offers small and medium-sized businesses (SMBs) an accounting automation platform.

Business Account Provider Tide Plans To Serve SMBs In India

PYMNTS

United Kingdom-based FinTech Tide , which serves small- to medium-sized businesses (SMBs), is poised to step into the Indian market with an investment commitment of $100 million, CNBC TV18 reported. Tide, which was established in 2015, provides business accounts, among other services.

Insiders

Sign Up for our Newsletter

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

Trending Sources

Investec Launches First Day-to-Day Business Account

PYMNTS

The banking and wealth management group Investec has launched its first day-to-day business banking account in, what a Wednesday (July 14) Reuters article calls, “a push to attract customers among South Africa’s more than 100,000 mid-sized firms.”.

Remitr Launches Global Business Accounts For SMBs In Canada

PYMNTS

Toronto’s Remitr , which works in business payments, has launched a new solution for setting up international payments in a quicker, more efficient manner, according to a press release.

MoonPay Gets Stake In Crypto Business Account Firm BCB Group

PYMNTS

BCB Group , a business-to-business (B2B) company that provides banking rails to digital currency firms, and digital currency payments platform MoonPay have teamed for a strategic collaboration, Coindesk reported Tuesday (June 22).

Wirex Rolls Out Beta Version Of Crypto Business Account

PYMNTS

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. The account will support both crypto and fiat payments, and users will be able to transfer funds using over the counter rates or using blockchain, SEPA or Swift. Cryptocurrency and business relationships have been slowly becoming more mainstream. to allow businesses to pay their corporate taxes in bitcoin.

KPMG To Shutter UK Small Business Accounting Unit

PYMNTS

Corporate accounting and auditing firm KPMG is shuttering its small business services unit, reports in The Business Desk said Thursday (Feb. According to the publication, KPMG’s Small Business Accounting (SBA) service, which launched in 2014, will be closed in the U.K. In a statement, a KPMG spokesperson confirmed that the company is “proposing to withdraw the provision of our Small Business Accounting (SBA) service in the U.K.,

How to Provide "View-Only" Business Account Access to Your Outsourced Accountant

FusionCPA

Accountants and bookkeepers are responsible for recording, organizing, and analyzing your business transactions. Most accounting institutions recommend that businesses pay invoices and receive payments directly through their banks.

Small Business Accounting Software FreshBooks Rolls Out In UK

PYMNTS

With a continuation of its global expansion, small business accounting software maker FreshBooks has rolled out in the United Kingdom. The firm is also rolling out a new set of functions geared toward Biritsh business needs, Accounting Today reported.

Paysend Wields Open Banking For Business Account Services

PYMNTS

9), Paysend announced the rollout of Paysend Connect, a business payment account that allows companies to open multi-currency business accounts, issue Mastercard corporate cards and initiate SEPA and SWIFT transfers. For banks, Paysend Connect supports access to Crassula’s open banking technology to augment their own offerings to business customers. For businesses themselves, users can white-label a range of FinTech services into their own platforms.

Starling To Open Business Account Services Beyond Sole Traders

PYMNTS

“We started with a retail current account and then we launched business accounts, first for limited companies with a single director and now for sole traders as well, and soon for multi-director limited companies,” she said. ” Starling Bank first announced its plans to step into the business banking space last year, only four months after it launched its app-only current account services for individual consumers.

Experian API Enables Faster OCBC Business Account Opening

PYMNTS

Singapore bank OCBC is accelerating the bank account opening process for startups through a collaboration with Experian. 4) said Experian’s API will allow startups to open a business bank account with OCBC immediately following incorporation. The tie-up means startups will no longer have to wait one day to open a bank account following incorporation, the announcement noted.

HSBC Business Accounts Frozen After AML Misstep

PYMNTS

has reportedly frozen some small business (SMB) bank accounts, according to news reports from Reuters. The frozen bank accounts, which have occurred in the last two months, are a result of the broader effort to crack down on money laundering. Now, dozens of SMBs have reportedly been closed out from their accounts after answering questions from HSBC U.K. case, Martyn Fisher owns a company that does business across Asia that also saw its account frozen by HSBC.

5 Financial Metrics and KPIs to Help Your Business Grow

AccountingDepartment

As a business owner, there are many different metrics and KPIs out there for you to follow that can give you insight into your company's current standings, along with assistance when it comes to future planning and goal setting.

Become a Member of PASBA to Enjoy These Benefits

PASBA

Are you a public accountant, certified public accountant, or enrolled agent who would like to earn more business, learn new skills, and connect with fellow accounting professionals? If so, we invite you to learn more about the many benefits of joining the Professional Accounting Small Business Administration (PASBA). At PASBA, it’s our goal to transform the way our members think about their role as an accountant.

Insights from the AICPA Engage 2021 Conference

AccountingDepartment

Small Business Advice and Tips accounting strategies small business bookkeeping accounting software small business tips accounting small business accounting tips accounting trends budget dashboard budgeting reports budgeting aicpa jirav engage 2021 forecasting

cpa 83

Surviving a Cash Flow Shortage

AccountingDepartment

If you have a cash shortage with your business, it is important to have a strategic plan to survive and reverse the shortage. Keep in mind that over 80% of businesses fail due to a cash flow shortage crisis, so putting some of these tips in action may protect you in the long run!

Minimizing Accounts Receivable Process Time for Greater Cash Flow

AccountingDepartment

All businesses want to increase their cash flow rate, but sometimes cash flow delays come from within the company itself. Time-consuming manual processes and an Accounts Receivables (AR) staff that may be in the dark for some critical information can all be connected to a slow AR process.

5 Ways to Make Halloween Candy Tax-Deductible

MazumaBusinessAccounting

As a business, you can use Halloween candy as a tax write-off if you figure out a way to make it business-related. Attach your business card or a promotional flyer to packets of M&M’s and voila! Business Accounting Business Taxes Creative business taxes tax deductible

tax 56

Can Accounting Reports Really Be Beautiful?

DuctTapeMarketing

Consulting Business. Small Business Finances. Can Accounting Reports Really Be Beautiful? Can Accounting Reports Really Be Beautiful? As a small business owner, what is more rewarding than focusing on the area of your business that you are most passionate about? To invest your uninterrupted attention in doing the things that pushed you to start your own business in the first place?  Services Online Audit. Strategy First.

ADC’s Cathy Becker to Join Jirav at AICPA Engage

AccountingDepartment

This session promises insights from process innovators, sharing tips on how to develop a scalable forecasting and budgeting service offering for clients, opportunities to position it appropriately, and ultimately, create a new profit center within accounting firms and services.

What If I Don’t Have Receipts for Last Year’s Business Expenses?

MazumaBusinessAccounting

It’s tax time and you don’t have receipts for last year’s business expenses. When it comes to travel expenses and business trips, if you don’t have receipts, you’ll need to do the same thing. Another way to account for lost receipts is to show a pattern of spending.

audit 78

Signs It's Time To Step Up Your Financial Reporting Game

AccountingDepartment

Having access to data is one of the most important factors that come into play when running a business. Small Business Advice and Tips small business tips accounting tips business accounting business strategy netsuite reporting financial reporting business process automation netsuite tips

The Ultimate Guide to Finding the Perfect Outsourced Accounting and Bookkeeping Service

AccountingDepartment

Continue reading for help with this ultimate guide for finding the perfect outsourced accounting and bookkeeping services provider.

Top 4 Numbers That Drive Your Business Success

MazumaBusinessAccounting

Are you looking to build your business? As small business owners, it is easy to get distracted by the length of our to-do list and lose sight of the important factors that drive our business’ success. Let’s start with the business basics—sales, also known as revenue.

tax 77

How to Help Your Clients Gain Control of Their Cash Flow

PASBA

According to a recent study by US Bank, poor cash flow management is the reason for business failure more than 80 percent of the time, and it’s especially common with small businesses. That means there’s a good chance your clients may feel desperate for help when they visit your accounting practice. Some small business owners have no idea how much money leaves their company.

Everything you need to know about Account Reconciliation

AccountingDepartment

Entrepreneurs, small business owners, and CEOs of large corporations are all responsible for monitoring an organization's financial health. And, at the end of the day, it's a business leader's responsibility to ensure all accounts are balanced and accurate.

Demand is Increasing for Accountants to Help with Human Resources Issues

PASBA

Today’s small business owner faces a significantly greater challenge in managing human resources regulations at the federal and state levels along with increased regulation in all aspects of their business. Accounting firms that can assist their clients with managing human capital and financial concerns at the same time can truly stand out from the competition. Clients Already Trust Their Accountants. Is Your Accounting Firm Considering Adding These Services?

5 Commonly Missed Small Business Tax Deductions

MazumaBusinessAccounting

Whether you know it or not, you could be leaving hundreds—even thousands—of dollars on the table by missing a few lesser-known small business tax deductions. Avoid overpaying taxes this year by making sure you’ve reviewed all small business deductions to see if you qualify.

How to Stay Profitable With an All-Remote Team

PASBA

Onboarding is a crucial part of our business. Spend as much time vetting new hires as you do searching for new business. These great resources are provided by our partners at Jetpack Workflow, the leading workflow software provider for accountants and bookkeepers. With so many people working from home right now, here are some valuable tips for making the most of this situation for your firm and your clients. Customer experience is everything.

Basic Financial Statements That Anyone Should Know

AccountingDepartment

Although individual financial statements each provide different snapshots of financial health, all financial reports reflect business activities that produce a company's profit or loss.

Dangers of DIY Accounting

MazumaBusinessAccounting

It can be tempting to cut corners when laying the foundation of your business. Most new business owners try to pinch pennies where they can—even in areas they shouldn’t. For almost all businesses, making money is a priority, but how you manage that money is equally important.

The Four Most Important Financial Statements for Your Business

AccountingDepartment

As a business owner or manager, you likely spend some time generating and analyzing financial statements. Some financial statements are essential to understanding the financial health of a business while others are less significant.

Is Office Furniture Tax Deductible?

MazumaBusinessAccounting

The Internal Revenue Service (IRS) understands that office furniture is a vital aspect of running a business, so they allow business owners to deduct those expenses from their taxable income. You shouldn’t be buying something personal and writing it off as a business expense.

tax 55

How to Make Sense of Your Small Business Financial Reports

MazumaBusinessAccounting

Even though we’re accountants, we get that financial reports aren’t at the top of every small business owner’s to do list. Most small businesses run on slim budgets and personnel staff of one or just a few. Business Accounting

What Your Financial Reports Really Tell You

MazumaBusinessAccounting

Financial reports can be an incredibly helpful tool for small businesses. Or they can help you decide if it’s time to expand your business. One of the things we ask our clients to send us each month is his or her business’ bank statement. Business equipment.

5 Signs Your Business Needs a Professional Bookkeeper

MazumaBusinessAccounting

Entrepreneurs and small business owners are good at wearing multiple hats. If you’ve been in business long, odds are you’ve learned quite a bit about finances (or you want to) and you might have even gotten pretty savvy at handling your books.

What are Days Sales Outstanding and How Can You Reduce Them?

AccountingDepartment

Day sales outstanding (DSO) is the term used to measure how much time it takes for a business to get paid for a product or service. The goal of a business is to keep the DSO as low as possible.

Sales 52

The Best Way to Pay Yourself as a Business Owner

MazumaBusinessAccounting

Knowing how to pay yourself as a small business owner may seem simple, but there are quite a few options when it comes to doing it right. when it comes to the specifics of your business. Establish Your Business Type. Bookkeeping Build a Better Business Business Accounting

tax 59

Business Liabilities Explained

AccountingDepartment

Business liabilities are best defined as the financial obligations or responsibilities of a business. In short, liability is almost always necessary for a business to excel. So don’t misconstrue business liabilities with legal liabilities.

Legal 52

What is an Overhead Expense?

MazumaBusinessAccounting

We work with small business owners and entrepreneurs. We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful. appeared first on Mazuma Business Accounting.

Finding the Best Accounting Service for Your Clients

AccountingDepartment

It's generally unanimous that B2B CFO® Partners want to offer an option for their clients that is going to give them the greatest accuracy and most comprehensive accounting services when needed. accounting services business accounting cfo services testimonial B2B CFO

How Bank-FinTech Pairings Benefit FIs, Not Just SMBs

PYMNTS

When it comes to collaboration between banks and FinTechs, the value proposition is often just as important for the bank as it is for the small business end-user. Tide Taps Sage For SMB Accounting.