KPMG Spark review
Cloud-based bookkeeping and accounting for small- to medium-sized businesses.
KPMG Spark provides a hub where you can link up all your business-related accounts, track expenses, send invoices, get a real-time view of your financial situation and more. But the price increases with each account you include, so it could get pricey for larger businesses.
- Choose this software if you want hands-on help and a unified hub for managing your business’s finances.
- Consider something else if you have more than a handful of transactional accounts or are unable to take advantage of the dedicated account manager.
KPMG Spark overview
KPMG performs bookkeeping and tax prep for small businesses, and can facilitate access to payroll services through its partner, SurePayroll. Record expenses and manage mileage, live bank data, invoicing and payments, and more.
For some small businesses, KPMG Spark might be a viable alternative to hiring an accountant. You’re assigned a dedicated bookkeeper and account manager included in your contract.
For larger companies, KPMG Spark’s slick user interface could be a helpful tool to use in tandem with a professional accountant.
However, KPMG is not a payroll software provider. If you’re looking for a platform to pay your employees, you’ll want to look elsewhere.
KPMG Spark’s features
Here’s an overview of what KPMG has to offer:
- Online bookkeeping. See all of your accounts in one organized dashboard, including credit cards, bank accounts, loans and more.
- Payroll. It partners with SurePayroll to offer automatic payroll services.
- Tax preparation. One less task for you to think about during tax time.
- Dedicated point person. Contact your bookkeeper, manager and CPA by phone, chat or email.
- Expenses. Track business expenses and integrate them with your reimbursement processes and record books.
- Invoices and payments. Create professional invoices with its partner WePay. It charges a 2.9% fee plus $0.55 for each invoice paid. Clients can pay using Visa, Mastercard, American Express and Discover.
Does KPMG Spark offer a free trial?
No, KPMG doesn’t offer a free trial. However, you can schedule a 30-minute free demo for a live consultation if you want to learn more about its services before signing up.
KPMG Spark pricing and fees
Your contract price depends on the number of accounts you have. This covers any source of transactional data, including checking accounts, savings accounts, credit cards, loan accounts and PayPal.
Here’s what to expect:
| 1-3 accounts | 4-6 accounts | 7-10 accounts | Custom |
|---|---|---|---|
| $179 monthly | $362 monthly | $454 monthly | Depends on the number of accounts |
| 1-3 accounts | 4-6 accounts | 7-10 accounts | Custom |
|---|---|---|---|
| $195 monthly | $395 monthly | $495 monthly | Depends on the number of accounts |
KPMG also offers the following services:
- Income tax preparation. $50+ monthly, depending on number of locations and complexity.
- Business licensing. $20+ monthly, depending on number of locations and complexity.
- Research and development feasibility study credit. $500 refundable fee. Your consultant analyzes your business’s processes, looking for opportunities for a tax credit.
How do I sign up for KPMG Spark?
To sign up for KPMG, submit general information about your business and a KPMG spark representative contacts you with more information.
- Click Get Started Now.
- Indicate the number of accounts you need for bookkeeping, additional services you’re interested in and whether you prefer to be contacted by email or phone.
- Click Get started now.
Someone from its customer service team will contact you within 12 hours.
Pros and cons
KPMG’s bookkeeping services could benefit a business owner, saving them time tracking expenses, letting them focus on the actual day-to-day business.
Still, KPMG Spark isn’t for everyone — weigh the pros and cons before signing up, including:
Pros
- Dedicated bookkeeper and account manager
- Payroll and tax filing support
- Overview dashboard with helpful charts and graphs
Cons
- No online signup
- No mobile app
- Costly with more than three accounts
KPMG reviews and complaints
KPMG has a 2.1- out of 5-star rating with Trustpilot, compiled from 16 reviews. While there are a handful of reviews praising KPMG Spark for lifting the burden of bookkeeping, the company has received numerous complaints citing high fees, penalties from late filings and payroll delays.
It’s been accredited by the Better Business Bureau since 2010 and has an A+ rating with the agency, but so far there aren’t any customer reviews. In business chat forums around the web, KPMG is generally discussed in a positive light, though some users report nuanced complaints about the user experience.
How do I contact KPMG Spark’s support?
After signing up for KPMG Spark, you’re assigned a dedicated point of contact who can help with any questions. This person will be available via email, text, phone or live chat.
To contact KPMG’s sales team, call 855-777-7696.
Compare accounting software
Bottom line
KPMG Spark can be a viable option for companies looking for help with bookkeeping and unifying company accounts. But it charges by number of accounts, and might not be worth the price for larger companies with multiple accounts.
If it’s not what you’re looking for, or you simply want to see what else is out there, compare other business software solutions.
