Online accounting made simple with KashFlow
KashFlow, which is now part of the IRIS Software group, is moving with the times and has recently announced the launch of a new VAT Dashboard. As is the case with many accounting software packages that are aimed at the UK market, it’s vital to be compliant with the government’s Making Tax Digital (MTD) vision, which is now becoming a reality. So KashFlow’s software update is certainly timely. As always, KashFlow still prides itself on keeping things simple and that’s good news when you’re dealing with your accounts and anything tax-related. This cloud-based software solution can be used from anywhere and at any time, just as long as you can get connected. Launched back in 2005 focuses its online accounting software on small business owners and is now part of IRIS software. Today, KashFlow comes armed with a full suite of tools, which can not only let you tackle your accounting chores, but can also be used to take on payroll and HR duties too. There’s a lot inside KashFlow, but against that you could find yourself a little overwhelmed by it’s bulky feature set. Other packages in this software area include QuickBooks, Xero, Sage Business Cloud Accounting, Kashoo and Zoho Books. Currently, KashFlow is available in three different package variants that come with the benefit of no annual contract and it’s possible to cancel at any time too. The Starter package costs £8 a month plus VAT and is aimed at sole traders, contractors and small businesses. You can send unlimited quotes and 10 invoices, along with reconciling 25 bank transactions. Although it’s only a single user account it works with bank feeds, has a mobile app along with a customizable dashboard. The Business edition is £16.50 per month plus VAT and is aimed at growing businesses and limited companies. This has the benefit of allowing unlimited quotes and invoices, plus you can reconcile unlimited bank transactions. It’s multi-user and lets you manage and submit VAT returns online. Finally, KashFlow has its Business and Payroll package, which costs £22.50 per month plus VAT, which has all of the aforementioned features along with added payroll functionality. At the time of writing KashFlow also had more competitive pricing based on an Annual payment plan, rather than the monthly costings shown above. If you’re happy to commit then that might offer savings.
