KashFlow is a cloud-based accounting application focused on small business clients in the UK. Several features set it apart from the competition, making it a robust choice for SMEs in the UK. KashFlow offers all the accounting software features that you need to record and review your transactions. The software also enables you to invoice your customers, create professional and detailed quotes, perform your bank reconciliations, record the cash coming into your bank account, and much more.
Built-in features include one-time and recurring invoices, multi-currency reports, VAT returns with just a few clicks, credit control, automated invoices to late clients, basic inventory management and contacts management.
One of the most important features that KashFlow offers that is not very common in cloud-based that are specialized for the UK market is the support for third-party addons. I believe that companies that want to succeed in the SaaS industry should sooner or later realize that allowing third-party apps to be integrated with your application is a smart move. KashFlow supports various third-party applications spanning from CRM and inventory management software to payroll and marketing addons. Some of the addons that you can integrate include:
Dropbox Integration with KashFlow
This addon allows you to store files such as purchase orders, contracts and reports right on the cloud. DropBox is maybe the market leader when it comes to inexpensive (or even free) cloud storage.
GoCardless Integration with KashFlow
This is one of the newer third-party apps. It permits you to collect customer payments via a direct debit system. This collection can be on a recurring or one-off basis.
If those aren’t enough, you can integrate KashFlow with SagePay, PayPal and WorldPay, as well as Freshbooks and eCommerce. As mentioned, you can integrate KashFlow with third-party addons to track the time spent working on a project or with a specific client.
Successful companies and successful products are built based on customers feedback. If the client is not satisfied, the company should improve the product and make it more useful. KashFlow is improving its product almost monthly. That shows commitment! They recently changed the way that the bank reconciliation is performed based on customers’ feedback.
KashFlow for Accountants
KashFlow also has nice features for professional accountants. First of all, accountants can create a branded version with their own logo. This is a nice feature for accountants to build their name online and to develop a recognizable brand.
Accountants can work with their clients, organize and analyze the information that you need to run reports that can help you monitor your clients’ performance and financial position.
A handy feature that Kasflow offers is the ability to track what has been uploaded. The tracking can be by the client or the type of record that has changed. It also allows you to lock the records and prevent your client from changing anything before finishing.
And no Kashflow accounting software review would be complete with a chat about the pricing. So when it comes to pricing, the structure of KashFlow couldn’t be simpler. You have one option, and at the time of this writing, it costs £18. Flat pricing means that there no different versions, no different price structures and no features that become available before you spend a fortune. I believe £18 is a good price for the product and professional support received.
The final verdict is that it is difficult to find an SME package better than KashFlow for the price. If you believe that usability, third party integration and pricing are important features, then KashFlow is a bargain.