Revolut Business customers in the UK can now integrate with cloud accounting software firm, Clear Books, enabling them to view transaction records, track whether invoices are paid or outstanding, quickly record bills and expenses, and automatically create financial reports.
The integration joins a host of other products that work with the business banking app including Xero, Slack, FreeAgent and Zapier.
Transactions are updated up to 4 times daily while customers can set up smart rules for automatic allocation, allowing them to match repeating transactions. For more in-depth information, all financial data is automatically compiled into reports including a P&L, Balance Sheet, Aged Debtors and Creditors, as well as HMRC recognised MTD VAT returns.
To date, Revolut Business has signed up over 400,000 business customers worldwide since it was launched in July 2017. Companies can sign up for multi-currency accounts, transfer money cheaply and easily, and issue employees with corporate cards for global fee-free spending.