Company
Date Published
Author
Jon Gitlin
Word count
1613
Language
English
Hacker News points
None

Summary

The accounting and fintech landscape is undergoing significant changes, with 77% of finance professionals recognizing the potential for automation in basic accounting operations, driving the need for SaaS automation and integrations. Accounting integrations enable products to read and write data to accounting software, driving revenue and cutting costs, but can also pose challenges for product roadmaps and engineering teams. The accounting software market is divided into Small and Medium Business and Enterprise Resource Planning segments, with popular platforms including QuickBooks, Oracle NetSuite, and Microsoft Dynamics. Key concepts in accounting APIs include references, transactions, reports, multi-entity accounting, and consolidation, with data schemas organizing information around companies, contacts, accounts, and transactions. Top use cases for accounting APIs include forecasting financial performance, tracking receivables and revenue, managing payables and expenses, making payments, evaluating creditworthiness, and preparing taxes. To get started with accounting APIs, developers should consider API format, authentication, pagination, rate limits, and test accounts, with platforms like Merge offering unified APIs and integration management solutions to simplify the process.