That means being able to run your business, pay bills, and invoice clients everywhere you go. Whether you’re looking to spend more time on tasks that build your business’s revenue or want to have dinner with your family, KPMG Spark understands the time and effort to tend to your accounting responsibilities accurately. We’re always looking for professionals who have a passion for customer service and using technology to help companies with their bookkeeping needs. Decimal started inside a top 100 accounting firm, so we have all the accounting chops we need.
KPMG US launched Spark in December 2018 as a product to automate and digitize tax services for small businesses with under $50 million in annual revenue. With KPMG Spark, you get a dedicated account representative and real-time outsourced bookkeeping powered by Spark’s AI platform for a price customized for your business. KPMG Spark and VensureHR have created a unique managed accounting experience by combining accounting software, automation technology, and a human accountant you can contact anytime. The move follows a June 2022 seed funding round in which Decimal raised $9.2 million. The company said at the time that it would use the funds to accelerate growth and platform development.
Company
For KPMG, the deal will allow the firm to focus more on its core business and suite of services. Decimal works with professional services firms, startups, technology firms, and non-profits with fewer than 200 employees. The company’s technology partners include QuickBooks Online, Expensify, Shopify, and Bill.com.
- KPMG US launched Spark in December 2018 as a product to automate and digitize tax services for small businesses with under $50 million in annual revenue.
- Decimal’s outsourced, fixed monthly fee solutions cover bookkeeping, accounts payable, and bill pay.
- Decimal in a post on its website said KPMG in summer 2022 approached the firm about buying Spark.
- Our background as entrepreneurs means we know what numbers are actually meaningful for your business.
Decimal noted it already had four former Spark employees on staff and the “opportunity to add more talented people to our team, an integrated ledger, and the ability to help smaller companies…made it an easy decision.”KPMG said the move enables it to better focus on core services. Decimal, an Indianapolis-headquartered outsourced accounting services and solutions provider, has acquired the cloud-based bookkeeping service and select other assets of KPMG Spark. Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.
KPMG Spark Reviews
But Decimal raised $9 million in June to further accelerate its growth, which it says has been 200% year-over-year. “At KPMG Tax, our strategy is laser-focused on meeting the evolving needs of our core client segment and delivering an innovative and differentiated experience,” said Rema Serafi, national managing partner of tax at KPMG, in a statement. “Our divestiture of certain Spark assets represents a move to double down on this strategy, while also providing Spark clients, talent and technology with a great home in Decimal, a company with a proven track record of excellent client service and bookkeeping quality.” The move will broaden Decimal’s suite of automated accounting operations solutions for small- and medium-sized businesses (SMBs).
“The acquisition of Spark gets Decimal one step closer to its goal of solving accounting operations for SMBs,” said Decimal CEO Matt Tait in a statement Wednesday. The acquisition expands Decimal’s services and products for small businesses while adding key talent to its team. Through the acquisition, Decimal will be able to provide a more innovative bookkeeping platform to a broader set of small business owners.
Decimal Acquires KPMG Spark
Our background as entrepreneurs means we know what numbers are actually meaningful for your business.
- The company said at the time that it would use the funds to accelerate growth and platform development.
- The move follows a June 2022 seed funding round in which Decimal raised $9.2 million.
- “The acquisition of Spark gets Decimal one step closer to its goal of solving accounting operations for SMBs,” said Decimal CEO Matt Tait in a statement Wednesday.
- With KPMG Spark, you get a dedicated account representative and real-time outsourced bookkeeping powered by Spark’s AI platform for a price customized for your business.
- The move will broaden Decimal’s suite of automated accounting operations solutions for small- and medium-sized businesses (SMBs).
The firm – which was founded in 2019 – previously focused on mid-sized SMBs using QuickBooks Online. The Spark deal gives Decimal a solution and integrated ledger for smaller businesses. Decimal, a fintech company that handles bookkeeping and accounting operations for small and midsized businesses, has acquired the KPMG Spark cloud-based bookkeeping service and related assets from KPMG LLP. Decimal’s outsourced, fixed monthly fee solutions cover bookkeeping, accounts payable, and bill pay. Decimal in a post on its website said KPMG in summer 2022 approached the firm about buying Spark.
