KashFlow: Good for payments and avoiding VAT headaches
Cost: 14 day free trial. £10 per month plus VAT flat fee.
Selling points of Kashflow
KashFlow’s dashboard might be low key, but the information is presented clearly. There is also a nifty form which generates a business health check score, with suggestions on how to improve.
KashFlow’s selling point is direct VAT filing. You run the VAT report, enter your HMRC online filing credentials and submit – easy. Given how much of a chore many small businesses find submitting returns, the ability to do so without leaving KashFlow is a major thumbs up.
Another tempting feature is its exceptional secure integration with a variety of payment card processors, including SagePay and Barclaycard, which means your accounts will automatically be updated with any payment information.
KashFlow is also an impressive, speedy, invoicing tool. You can easily create quotes and turn them into invoices using one button. Plus, you can schedule reminders by email when an invoice or payment is overdue.
Some accounting software only lets you send a certain number of invoices per month. But KashFlow’s monthly payment is all inclusive – you can add as many invoices, customers, suppliers and transactions as you need to.
KashFlow’s stock management option is also a great feature; it is unusual for accounting software in this price range to offer such a tool. It is basic, but functional; you enter the number of items in stock, and that decreases when you issue an invoice containing that item. You can also set a reminder to warn you when stock is running low.
Customers get unlimited telephone support for the first two weeks while they are getting set up. After that it provides 24/7 email support with a promise to reply to each email within 20 minutes, no matter what time of day.
Drawbacks of Kashflow
A real drawback for some, however, will be limited support for multiple users – you can’t allocate people different passwords or permission levels.