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Kashoo Accounting Software Review 2023

8.8 good ratings
Kashoo
Updated On 1 June, 2023

Are you tired of managing your business finances using outdated, time-consuming methods? You’re not alone. According to a survey conducted by TD Bank, 41% of small business owners still use pen and paper to manage their finances, while 37% use spreadsheets. These methods can be error-prone and inefficient, leading to costly mistakes and wasted time.
Fortunately, accounting software like Kashoo can simplify the accounting process and save you time and money. Kashoo is a cloud-based accounting software that has been gaining popularity among small business owners. In fact, Kashoo was named a top accounting software for small businesses by Forbes in 2021.
In this review, we will take a deep dive into Kashoo’s features, benefits, and drawbacks, so that you can decide if it’s the right accounting software for your business. So, let’s get started and discover what Kashoo has to offer!

Kashoo

Kashoo is a cloud-based accounting software that offers a range of financial management tools designed for small business owners. With Kashoo, users can manage their finances on-the-go, track expenses, create and send invoices, and prepare financial reports. Kashoo is known for its user-friendly interface, which makes it easy for non-accountants to use and understand. The software also offers bank-grade security features, ensuring that your financial data is safe and secure.

Overall, Kashoo is an affordable, user-friendly accounting software that can help small business owners simplify their financial management processes and make informed business decisions.

Read our other in-depth wave accounting reviews post to know about how wave accounting reviews is different from kashoo software.

Pros

  • User-friendly interface
  • Affordable pricing plans 
  • Mobile app allows on-the-go financial management
  • Bank-grade security features 
  • Automated transaction categorization
  • International currency support
  • Popular app integrations

Cons

  • No payroll functionality
  • Limited customer support options
  • Limited customization options 
  • No option for automatic recurring invoices

Performance At Glance

Specifications

Kashoo Accounting Software  Rating  At Glance

Our Verdict

Ease of Use

Kashoo's user-friendly interface simplifies accounting for non-accountants.

Customer Support

Kashoo's customer support options are limited.

Value for Money

Kashoo offers affordable pricing plans with no hidden fees.

Functionality

Kashoo's functionality is limited compared to more comprehensive accounting software.

G2 Rating

Kashoo has a high G2 rating of 4.3 out of 5 stars, indicating strong user satisfaction.

Features Of Kashoo Accounting Software

Kashoo is a cloud-based best accounting software small business designed to simplify the financial management processes of small business owners. It offers a range of features that enable users to track expenses, create invoices, manage accounts payable and receivable, and prepare financial reports. With its user-friendly interface and affordable pricing plans, Kashoo has become a popular choice for small businesses. Let’s take a closer look at some of the key features of Kashoo and how they can benefit your business.

Features

Details

Access Controls/Permissions

Yes

Approval Process Control

Yes

Budgeting/Forecasting

Yes

Customizable Reports

Yes

Data Import/Export

Yes

Financial Reporting

Yes

Project Tracking

Yes

Accounts Payable

Yes

Cash Management

Yes

Online Invoicing

Yes

Third Party Integrations

Yes

Spend Management

Yes

Significant Features Of Kashoo Software:

Kashoo Accounting Software is a cloud-based accounting solution designed to help small businesses manage their finances. The software comes equipped with a range of technical features that help businesses streamline their accounting processes and ensure accurate financial reporting. Here are some of the technical features of Kashoo Software:

  • Cloud-based

Kashoo is a cloud-based solution, which means that businesses can access their accounting data from anywhere with an internet connection. This also means that there is no need to worry about software updates or maintenance, as everything is taken care of by Kashoo.

  • Bank Integration

Kashoo integrates with major banks and financial institutions, which allows businesses to easily import bank transactions and reconcile accounts. This feature saves time and ensures accuracy in financial reporting.

  • Mobile App

Kashoo offers a mobile app for iOS and Android devices, which allows users to manage their finances on-the-go. This feature is especially useful for businesses with employees who travel frequently or work remotely

  • Multi-Currency Support

Kashoo supports multiple currencies, which is useful for businesses that conduct transactions in different currencies. The software can automatically convert foreign currency transactions into the business’s local currency.

  • Multi-Language Support

Kashoo supports multiple languages, including English, French, and Spanish. This feature is useful for businesses that have employees who speak different languages.

  • API Integration

Kashoo offers API integration with third-party applications, which allows businesses to automate accounting processes and improve efficiency.

  • Two-Factor Authentication

Kashoo uses two-factor authentication to ensure the security of its users’ data. This feature provides an extra layer of protection against unauthorized access.

  • Automatic Backups

Kashoo automatically backs up its users’ data to ensure that it is always safe and accessible. This feature provides peace of mind in the event of data loss or system failure.

Overall, these technical features make Kashoo Accounting Software a reliable and efficient solution for small businesses looking to streamline their accounting processes and improve their financial reporting.

How Can Kashoo Be Used To Help With Tax Preparation And Filing?

Tax preparation and filing can be a daunting task for any business owner or accounting professional. However, with the right accounting software, the process can be streamlined and made much more efficient. 

Kashoo is a cloud-based accounting software that offers several features to help with tax preparation and filing. Here, let’s explore how Kashoo can be used to help with tax preparation and filing, including the following features:

Automatic Categorization Of Expenses:

Kashoo automatically categorizes expenses, making it easier to track and manage expenses for tax purposes.

Receipt Capture And Attachment:

Kashoo allows users to capture and attach receipts to transactions, which is essential for documenting business expenses for tax purposes.

Sales Tax Tracking:

Kashoo allows users to track sales tax, which is important for businesses that need to collect and remit sales tax.

Report Generation:

Kashoo generates reports that can be used for tax preparation and filing, including profit and loss statements, balance sheets, and cash flow statements.

Integrations With Tax Preparation Software:

Kashoo integrates with tax preparation software, such as TurboTax and H&R Block, making it easier to transfer data from Kashoo to tax preparation software.

By using Kashoo for tax preparation and filing, businesses can save time and reduce errors, ensuring that they are in compliance with tax laws and regulations.

Kashoo Integrations With Other Tools To Increase Productivity 

Kashoo is a cloud-based accounting software that offers a range of integrations with other tools to increase productivity and streamline business processes. By integrating Kashoo with other software, businesses can save time and reduce errors by automating data transfer and syncing data across multiple systems. Here are some of the most popular Kashoo integrations:

  • Stripe

Kashoo integrates with Stripe, a payment processing platform, to allow users to easily accept online payments and track sales. By connecting Stripe to Kashoo, users can automatically import sales data, reduce data entry errors, and reconcile payments with invoices.

  • PayPal

Kashoo integrates with PayPal, an online payment platform, to allow users to easily accept payments and track sales. By connecting PayPal to Kashoo, users can automatically import sales data, reduce data entry errors, and reconcile payments with invoices.

  • Square

Kashoo integrates with Square, a payment processing platform, to allow users to easily accept payments and track sales. By connecting Square to Kashoo, users can automatically import sales data, reduce data entry errors, and reconcile payments with invoices.

  • Shopify

Kashoo integrates with Shopify, an e-commerce platform, to allow users to automatically import sales data and track inventory. By connecting Shopify to Kashoo, users can automatically create invoices, reduce data entry errors, and reconcile payments with sales.

  • TSheets

Kashoo integrates with TSheets, a time tracking software, to allow users to easily track employee hours and sync data with Kashoo. By connecting TSheets to Kashoo, users can automatically import employee hours, reduce data entry errors, and generate accurate payroll reports.

  • HubSpot

Kashoo integrates with HubSpot, a customer relationship management (CRM) software, to allow users to track sales leads and customer interactions. By connecting HubSpot to Kashoo, users can automatically import customer data, reduce data entry errors, and track sales from lead to close.

  • Google Drive

Kashoo integrates with Google Drive, a cloud-based file storage system, to allow users to easily store and access financial documents. By connecting Google Drive to Kashoo, users can automatically import and store invoices, receipts, and other financial documents, reducing the need for manual data entry.

These integrations can greatly improve the productivity of businesses by reducing the need for manual data entry and streamlining business processes. By using Kashoo in conjunction with other software, businesses can save time and reduce errors, ultimately increasing efficiency and profitability.

Top Kashoo Accounting Software Alternative

Kashoo Accounting Software is a cloud-based solution designed to help small businesses manage their finances efficiently. However, with so many accounting software options available in the market, it can be challenging to determine which one is the best fit for your business needs. That’s why it’s essential to compare Kashoo with other popular accounting software to help you make an informed decision. In this segment, take a closer look at the top Kashoo accounting software comparisons to help you choose the right software for your business.

Features

Kashoo

Quickbooks Online

Wave

Monthly Starting Price

$0; $20 for accounting plans

$15; then $30 after three months

$0

Free Trial

Yes―14 days

Yes―30 days

Yes―it's free

Payroll Processing

Yes

Yes, with an additional fee

Yes, with an additional fee

Time Tracking

No

Yes

No

Customer Portal

No

Available for a fee

No

Document Management

No

Available for a fee

No

Multi Currency Support

Yes

Yes

No

  • Quickbooks Online

QuickBooks Online is a cloud-based accounting software that provides small businesses with a comprehensive suite of accounting tools, including invoicing, expense tracking, bill payment, and financial reporting. It offers different pricing plans, including Self-Employed, Simple Start, Plus, and Advanced, depending on the business’s size and needs. QuickBooks Online integrates with hundreds of third-party apps, including PayPal, Shopify, and TSheets.

  • Wave

Wave is a free, cloud-based accounting software designed for small businesses. It offers features like invoicing, accounting, receipt scanning, and expense tracking, all of which are available for free. Wave also provides paid services like payroll and credit card processing. The software has a simple and easy-to-use interface, making it ideal for small business owners with little to no accounting experience. Additionally, Wave offers integrations with third-party apps like PayPal, Shoeboxed, and Etsy.

Conclusion:

Ultimately, Kashoo is a cloud-based accounting software that offers an array of features for small business owners. It is a cost-effective and user-friendly solution that helps businesses to manage their finances effectively. 

Its robust invoicing and expense management features, automated bank feeds, and real-time reporting provide users with the necessary tools to manage their financial data effortlessly. Its multi-currency support and integration with third-party apps such as Stripe and PayPal make it a viable option for businesses with international operations.

In simple words, it is a solid accounting software that can cater to the needs of many small businesses.

Frequently Asked Questions

  •  Does Kashoo Accounting Software Offer A Mobile App?

Yes, Kashoo Accounting Software offers a mobile app for both iOS and Android devices, which can be downloaded for free from their respective app stores. The mobile app allows users to manage their finances on-the-go, including invoicing, expense tracking, and bank reconciliations.

  • Can Kashoo Accounting Software Be Used For Invoicing And Billing?

Yes, Kashoo accounting software can be used for invoicing and billing. It includes an online invoicing feature that allows users to create and send invoices to customers, track payments, and view invoice histories.

  • Is Kashoo Accounting Software Secure And Compliant With Data Privacy Regulations?

Yes, Kashoo Accounting Software is secure and compliant with data privacy regulations. It uses bank-grade encryption to protect user data, and is compliant with privacy regulations such as GDPR and CCPA. Additionally, Kashoo undergoes regular security audits and uses industry-standard security measures to ensure the safety of user data.

  • How Often Does Kashoo Accounting Software Backup My Data, And Where Is It Stored?

Kashoo accounting software automatically backs up user data every 24 hours, and stores the backups in a secure offsite location. This ensures that in the event of data loss or system failure, users can easily restore their data to the most recent backup.

  • Does Kashoo Accounting Software Offer Training Or Educational Resources For Users?

Yes, Kashoo Accounting Software offers a variety of training and educational resources for users, including video tutorials, articles, and webinars. These resources are designed to help users learn how to use the software effectively and efficiently.

  • Does Kashoo Accounting Software Offer Multi-Currency Support?

Yes, Kashoo Accounting Software offers multi-currency support for businesses that operate in different countries or deal with foreign currencies. This feature allows users to invoice and receive payments in different currencies, and also provides currency conversion and exchange rate tracking capabilities.

Kashoo

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