Sorted selects Salt Edge to simplify daily accounting tasks for freelancers via Open Banking – Finextra

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Sorted, Germany-based accounting app for freelancers and self-employed, teamed up with Salt Edge, a leader in developing open banking solutions, to get instant access to banking data – making the ongoing accounting processes more efficient and preparing for tax season with confidence.

These days the global job market is changing drastically. The pandemic has accelerated the shift to the freelance and self-employed market. Freelance job postings rose by 41% to 605,000 in the second quarter of 2020 compared to the same period in 2019. With freelancers’ demand growing, simultaneously is growing the demand for simple accounting software to have a handle on the finances all year long. Paired up with Salt Edge bank data aggregation toolkit, Sorted accounting app becomes a genuine solution that helps to manage daily finances in a breeze.

Sorted accounting app helps freelancers to take control of their taxes and significantly reduce their accounting expenses, by guiding them through preparing taxes and connecting to the certified tax consultants on-demand. Leveraging Salt Edge Partner Program, Sorted is able to connect to the customers’ bank account to retrieve the business transactions in a clear and categorised format and use them to automatically create the accounting records. Salt Edge enables Sorted to connect to major German banks via one platform.

Proper financial management is a crucial point for every freelancer’s business. And we are certain that when everything gets synced, accounting doesn’t make one break out into a cold sweat anymore, but may actually become enjoyable. Assisting our customers to improve their accounting experience is very important to us and the partnership with Salt Edge will help to optimise financial routine. Getting access to real-time banking data and obtaining all the transactions structured well in a pragmatic and visual way, help us to offer the best service for self-employed professionals and freelancers anywhere and at any time.

Tom Raz, Co-Founder of Sorted

Living in the current uncertain conditions, it is truly important to build services that are useful and bring value to freelancers, being, in some ways, underserved members of the labour market. That is why it is crucial to introduce valuable data-driven digital services that today’s customers expect and create decent conditions for people who want to build a career in the freelancing field. Here at Salt Edge, we are excited to team up with Sorted, holding similar views to create something worthful and significant together.

Vasile Valcov, VP at Salt Edge

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