Starling Bank partners with accounting software provider FreeAgent

Apr 15, 2019 · uktech.news

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Mobile bank Starling has partnered with accounting software provider FreeAgent to help small business owners cut the time they spend on daily admin, digitise their finances and relax about tax.

The partnership will enable Starling’s 40,000 business banking customers to access cloud-based FreeAgent directly through the ‘Marketplace’ feature of Starling’s app.

According to industry research, small businesses spend an average of 70 hours per month on administrative tasks, with time spent on accounting most costly, adding up to 15 hours every month. FreeAgent offers a range of tools to help with this, from processing invoices and tax returns to keeping an updated cash flow dashboard.

Starling customers who register with FreeAgent can opt to have all transaction data shared across both services in real time, helping them to make better, better-informed decisions about their business. They can also sync up to a year’s worth of historic transactions.

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