TD Bank announced a launch this week of the TD Online Accounting Platform in partnership with the Detroit-based financial accounting company Autobooks.
Built for Small Business Owners: TD Bank announced the service as a tool built for small business owners.
It can be used with existing online banking features and can easily track paid or outstanding invoices, according to TD Bank.
The TD Online Accounting Platform will get payments to businesses faster, as well as save time and money, the bank said.
How Autobooks Supports Online Payments: Cash flow support is a must for small businesses, which need to keep money coming in, Derik Sutton, Autobooks’ vice president of product and experience, told Benzinga in an email.
With payments shifting from physical transactions to online, banks need to equip small businesses and nonprofits to accept online payments, the Autobooks exec said.