Kashoo Review 2022: Pricing, Pros & Cons – Forbes Advisor – Forbes
You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website.
Updated: Aug 29, 2022, 7:31pm
Kashoo is a cloud-based accounting system for small businesses that want to manage their accounts on their own. You can thus, create professional invoices, manage expenses, track transactions, process payroll, generate reports and perform other accounting tasks on any device. Kashoo has different plans that can grow with your business.
Read our Kashoo Review to find out if it’s the best accounting software for your business.
For more than 10 years, Kashoo has helped small businesses manage their accounts. The software is easy to use as it focuses on simplifying accounting for small business owners so they won’t require professional assistance.
Kashoo offers three plans:
Trulysmall.invoices is an invoicing tool for small businesses that want to send invoices and track and receive payments. At zero cost, you can request payments and see who hasn’t paid.
Next up is Kashoo’s Trulysmall.accounting for automated income and expenses tracking. When you pay the required $20 per month, you’ll get a double-entry accounting solution for downloading bank transactions, tracking income and expenses, sending invoices, accepting payments and running essential accounting reports.
For advanced accounting, which includes detailed reporting, project cost tracking, customization options and the opportunity to collaborate with an accountant or bookkeeper, you’ll need Kashoo, which costs $30 per month. Connecting Kashoo to your accounts means you’ll access all benefits of Trulysmall.invoices and Trulysmall.accounting and additional features, such as payroll processing, bank reconciliation, advance reporting and connection with multiple accounts and feeds.
Kashoo is fully encrypted and thus, protects you from financial fraud. It allows unlimited users without extra costs, and you can connect with more than 5,000 banks and credit unions to make several transactions using multiple currencies. You can send payment links with invoices, automate bank transactions and access up to 90 days’ worth of data on the automatic bank feed tool.
Below are a few perks of choosing Kashoo accounting software:
Kashoo is quite limited in its functionality There are no advanced features, such as time tracking, workflow management, document management and inventory tools, that its competitors offer. Plus, it only integrates with a handful of third-party apps. Also, Kashoo boasts accommodating multiple currencies, but the functionality isn’t compatible with its mobile accounting app.
Regarding pricing, Kashoo and Wave are your go-to options, with Kashoo offering a free invoicing plan and Wave being entirely free. However, their features are limited. For example, QuickBooks Online offers features, such as time-tracking and document management, and opens up a customer portal, but Kashoo and Wave offer none of those to their users.
However, if you’re still in doubt about which of these three providers is right for your business, Kashoo and QuickBooks Online offer trial periods, and Wave comes free of charge, so you can check them out for yourself.
Kashoo was designed for startups and freelancers who want simple accounting software. While Kashoo has tiers that consider your business growth, its features remain limited, and it integrates with only a handful of third-party tools. So, if you’re looking for a more detailed accounting solution, you should explore other options.
The best accounting software programs all provide similar features, so when considering which one is best for your business, you need to consider which features are the most important to your situation. This will help you decide which accounting software meets your needs best. Certain software is best for actions like accounts payable (A/P) and banking and cash management while others are geared more for retail companies, offering cost tracking, inventory management and collecting and submitting sales tax. Other features you may want to consider include whether the software has a mobile app, how good its customer service is and how well it does with accounts receivable (A/R) and financial reporting.
Kashoo has a free invoicing plan. However, you’ll need to subscribe to any of its two paid plans to enjoy other accounting features.
Yes, you can have as many users as you want, without extra charge. For additional businesses, you’ll need to add to your subscription. Kashoo requests that you reach out to its service agents if you want to add more than five businesses.
Kashoo is pretty secure, so there’s no need to worry about losing or exposing your financial information. Kashoo uses 256-bit secure sockets layer (SSL) encryption to back up your data and protect against unauthorized user access.
