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Kashflow

Score8 out of 10

6 Reviews and Ratings

What is Kashflow?

KashFlow Accounting is a software solution aimed at small businesses, designed to streamline financial management processes. According to the vendor, KashFlow Accounting provides a range of features to assist various professions and industries. These include:

Invoices: Create customized invoices, turn quotes into invoices with ease, and link invoices to payment processors for online payments.

Quotes and Estimates: Generate quotes and estimates for potential clients, and easily convert them into invoices.

Payments: Accept a variety of payment methods, link invoices to payment processors, and handle refunds directly from KashFlow.

Reporting: Generate reports on VAT, profit and loss, and balance sheets to gain insights into financial performance.

Credit Control: Automate reminders for unpaid invoices and keep track of outstanding payments.

Change Log: Track modifications made within the software.

Cash Flow: Monitor and manage cash flow, calculate net cash flow, and identify potential issues.

Self-Employed: Facilitate income and expense management for tax purposes.

Developers: Access resources and documentation to integrate applications with KashFlow and find experienced developers familiar with the KashFlow API.

Categories & Use Cases

Top Performing Features

  • Expense management

    The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

    Category average: 8.5

  • Pay calculation

    Pay calculation provides for computation of employee pay with state and federal deductions.

    Category average: 8.5

  • Accounts payable

    This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

    Category average: 8.7

Areas for Improvement

  • Plug-ins

    A number of third-party plug-ins are available to expand the core functionality of the software.

    Category average: 7.9

  • Standardized Processes

    Centralize financial management to facilitate standardized financial processes

    Category average: 8.2

  • Fixed asset management

    This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

    Category average: 8.1

Kashflow is a decent entry system for SMEs

Pros

  • Ease of entering purchase data.
  • Ease of creating quotes and invoices.
  • Email integration.

Cons

  • Can be difficult to find information within the application.
  • Some of the reporting functionality is weak.
  • Functionality for financial planning could be significantly improved upon.

Return on Investment

  • Reliable system
  • Minimizes time spent training staff in use
  • Good for cash position management