Article by Chris Costi, Last update at February 20, 2020
Kashoo is a Canadian based company that has been offering small business owners the financial tools to keep track of their transactions since 2008. This is an easy to use, basic accounting program that is cloud based and works with an iPad application. The features offered are specifically designed for small businesses. Their monthly plan is affordable at only $19.95 per month. Kashoo supports unlimited users and the software is available in over 200 countries. The software provides an impressive guide and live chat support when you set up your account, and you do not need extensive accounting knowledge to use the app. Although there are some limitations with reports, invoice customization and integrations, Kashoo covers all the basic accounting needed to run a small business efficiently.
Kashoo only offers one price plan with a 14 day free trial that requires no credit card details. The cost is $19.95 per month or $199 per year. This includes contact management, tracking income and expenses, managing bills, project management, reports and multi-currency support. If you require payroll, Kashoo partners with SurePayroll and you can get this for around $54.99 per month. Multiple subscriptions for separate companies are discounted at $13.95 per month. Kashoo offers a money back guarantee if you are not satisfied with their software.
For businesses that need time tracking and advanced features like invoice customization and budgeting, Kashoo is not the ideal accounting software. They do offer simple bookkeeping solutions so that you can send invoices, accept payments and view reports from anywhere at any time. Kashoo offers easy reconciliation and complete and accurate tax filing reports. Multi-currency is supported and you can invoice in any currency supported by automatic exchange rates through their software. Kashoo does offer inventory management on a limited scale and a few integrations. A negative is that it does not support Android devices and it might be missing a few high end accounting features that are geared for accountants. Kashoo comes highly rated and has over 4.5 stars on most review sites.
Kashoo offers cloud-based accounting software that allows you to keep track of your income and expenses and automatically calculate your net income. There are no downloads or installations required and the software is compatible with all devices that have internet access except for Android. The iPad app will work from any location on smartphone or tablet. Kashoo offers easy to use accounting for small business owners with excellent customer support.
Kashoo might not be a fully-fledged accounting system but it does offer the most important features needed for any small business. The software allows you to track income and expenses, send invoices and card payments and capture and organize receipts. All sales and sales tax is recorded and reconciliation with bank statements is possible. Kashoo allows you to manage bills and inventory and make transactions in multiple currencies. Mobility is key and the cloud based software can be run on iPad and mobile phone, on one screen. The system is designed for simplicity and advanced knowledge of accounting is not necessary.
The software supports multiple users at no extra charge and you can assign and add users at different levels as required. You can have multiple businesses with new subscriptions at a discounted rate. Data from existing accounting packages like QuickBooks can be easily imported into the Kashoo software. Tracking expenses can be done by snapping a picture of the receipt or by uploading. You can manage unpaid bills with account receivable software and print checks directly from Kashoo. Invoices can be customized by selecting a template and adding your logo and payment instructions. You can also email invoices directly from Kashoo and create client statements.
Reporting is easy with Kashoo and you have multiple options. All standard financial reports are available to help you prepare accurate tax filing. You can print income statements, balance sheet, general ledger and trial balance. Filtering is possible by date, project, and client or suppler and you can view comparisons on a monthly or yearly basis. Reports can be exported in PDF, Excel, Google and other formats. Kashoo syncs with more than 5,000 banks worldwide and you can import your bank transaction automatically. Conveniently Kashoo can create recurring invoicing and easily add sales tax rates. Kashoo takes security seriously, offering SSL encryption, security scanning, firewalls, monitoring, security cameras, and biometric scanning.
Kashoo allows you to manage contacts as well as suppliers through their Contact Management feature. Importing and tracking expenses can be done by capturing a picture of the receipts. Bank statements can be manually imported for easy reconciliation. Fixed assets and depreciation can be managed using the chart of accounts and journal entries. Refunds can easily be created within the software and you set as many tax options as needed. Kashoo supports multiple currencies compatible with 160 countries. Integrations available are with Square, Stripe, BluePay, and FreshBooks Classic.
Kashoo is highly rated for their personal touch when it comes to customer support. All queries are answered via email, live chat or telephone. Their employees are well informed and very helpful but they can only be reached from 6:00 AM to 5:00 PM PT. An extensive help centre is available on their website and Kashoo hosts regular workshops that you can join. In conclusion, Kashoo is a highly rated and efficient accounting package for small businesses.