Small business owners now will have total visibility and control over cash

Revolut for Business added new accounting service. Source: shutterstock.com

Revolut announced the collaboration with QuickBooks, a third-party cloud accounting provider linked to the new Open Banking government-mandated APIs.

Firstly, the new integration will reportedly allow businesses to get instant and real-time notifications on their purchases, incomes, and cash balances. What is more, business owners can have total control and visibility over their data. Users will also have an opportunity to get access to financial transaction history for up to 2 years.

QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.

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