Kashoo

Good alternative to QuickBooks for small biz, but no UK bank connection

Vorteile:

It's simple with a good user interface and has everything you need to manage a smaller business or side hustle. My accountant was able to find all the things she needed to do the limited company accounts.

Nachteile:

It doesn't calculate VAT so it's unsuitable if you're VAT registered here in the UK. Few UK bank accounts connect too but you can upload csv.

Great Software--If You Don't Need to Connect Any Bank Accounts

Kommentare: Ideally, Kashoo would be that accounting software that provided accurate cash flow statements and analyses that were no older than 2-3 days, and would include not just bank account transactions, but also credit card spending and transactions. In our office, any bills or charges that are setup for automatic payments or auto-pay are linked to credit cards, rather than our bank account(s). If I could get Kashoo to function properly with our credit card AND bank accounts, then I would save myself and our CPA tremendous amounts of time and paper clutter at tax time because I could provide statements or reports from Kashoo with itemized expenditures for all accounts. Alas, until Kashoo can resolve its synchronization issues with our financial institutions, then I'm forced to go through and annotate each credit card statement with the expense type, etc. then email or fax each statement to our accountants...

Vorteile:

After reading so many great reviews about Kashoo and its comprehensive but UX-friendly accounting features, I was super-excited to purchase a steeply discounted subscription/membership on App Sumo several months ago. I was particularly looking forward to being able to sync multiple company bank accounts, as well as our daily credit card sales from Square POS, in a single application. The Square/SquareUp integration is among Kashoo's strongest features in my experience, as I can't recall any synchronization issues or glitches accessing Square data in Kashoo. It also has an iPhone app that's fairly functional, albeit wholly utilitarian in its look and feel. However, considering how much data and memory are consumed when running most accounting programs, the Kashoo app manages to be easily sync-able and fast, which I wasn't expecting...

Nachteile:

Connecting bank accounts and accessing transactions has been a thorn in my side from Day One. I've tried multiple browsers--Chrome, Firefox, Opera, Safari, etc.--and tinkered with firewall and security settings far more than I probably should trying to get Kashoo to work correctly with operating account at PNC. I don't know if it's because of the number of transactions or the fact that there's a secondary trust account attached to PNC's online business banking, but I cannot get some of the most crucial bank and credit card accounts to work properly on Kashoo. I've also had issues with credit card accounts and have tried deleting and reconnecting accounts so many times that I'm to the point where I haven't even attempted to open Kashoo in weeks.

Not good

Kommentare: Where do I even begin? Kashoo’s bank feeds fro my credit card show up in USD, even though the card is CAD. They had no fix for this, so the feed became largely useless. When I purchased the software on a lifetime deal, I was told I would be able to upgrade to Kashoo 2.0, an upgraded and improved product, complete with machine learning for automatic categorization of imported transactions. As it stands, Kashoo is quite clumsy and time-consuming to use. Each transaction has to be manually dealt with; there are no features that allow bulk or automatic categorization. Kashoo 2.0 materialized for a brief period, and then became Trulysmall. When I finally requested to have my subscription transferred, I was told that wasn’t an option. Without major upgrades, Kashoo is unbearable to use. Stick to the other tried and true options out there. They might cost more, but surely an additional 5-10 hours of your time per month is worth the extra $10-20 you’ll pay to get real accounting software.

Vorteile:

It's inexpensive, that's about it, it's not good.

Nachteile:

Clunky, lacks many features of its competitors, time-consuming, bank feeds don't always work

Kashoo was the easiest web app to go to from my traditional personal computer accounting system

Kommentare: Very good, once I learned it all.

Vorteile:

It's reliable, and stable, and it works with my older web browser ! It doesn't use too much flashy stuff, and it just keeps working. Many other web apps keep changing and need constant browser upgrades and a lot of maintenance. After that, I would say the overall simplicity, you can see everything from the top page, the user interface is not too deep or busy. The "back" buttons are very helpful, browser back buttons often get confused, or lose context. I'm an old-fashioned double-entry, journal and T-accounts type, but I have found that it is all really there, just sometimes called something else, or underneath something else. But once I found everything, I became productive in the system.

Nachteile:

Not a con, but a feature suggestion - I'd like to have an inventory system, a parts database - is this available as an option, or is it there somewhere and I haven't found it ? I don't need anything too fancy, just part numbers and costs, I used to use a system that allowed me to keep a running average cost on items, because every time I made a purchase of an inventory item, it added to the total of parts on hand, and the total of cost for that item, and then also debited Cost of Goods Sold. At inventory reconciliation / period closing, I then did a journal transaction adjusting the parts left to an inventory asset account, at the average price, leaving Cost of Goods Sold representing the cost of the goods that actually left after purchase. Or it could be the other way around, going to inventory first and then getting adjusted to COGS, but I found that this way was most convenient, because most parts were purchased in order to make something to sell, and only certain items are ones I keep a surplus of, to weather availability issues (although that's more the norm right now). Right now I do the process described above manually.

Amazing alternative to Wave & a better value than Quickbooks for freelancers & small businesses.

Kommentare: I love using it for most of my freelance needs: Accounting, Expenses, Project budgeting, credit card payments, and tax management.

Vorteile:

Tax Management, Real-Time Bank Feed, Bank reconciliation, and Project Budgeting are just some of my favorite features, web and mobile apps are a bonus but the cherry on top for me is that they support the Spanish language as well. Not to mention the super fast support.

Nachteile:

Not many cons but I am just hoping for more integrations. Specifically invoicing software like Fiskl!