Moreover, Kashoo can accommodate multiple currencies, although you’ll have to turn on this capability to start recording transactions in foreign currencies. If you have more than 5 business you’d like to add please contact us by phone, email, or live chat to get a package quote. However, you can add additional kashoo accounting accounts to the default COA in the Account Section. There are no plans to discontinue our Kashoo Classic application. Businesses will be able to continue using Kashoo Classic as long as they are running their business. This is a very easy to use, not so complicated, simplified Billing & Accounting system.

• Since Gallo & Company CPA’s LLP has been providing clients with quality accounting and tax services.
• Here’s what other business owners are saying about Kashoo.
• 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.
• Dashboard totals are updated in real time and provide you with details such as income and expenses, net income, cash deposits and withdrawals, and net cash totals.
• We know what it’s like to run a small business and juggle your bookkeeping.

You can enter a bill and record a payment manually, but you can’t pay bills through Kashoo. One of the nice features in Kashoo is that any time a transaction is added into the system, the contact is automatically created as well, eliminating the need to enter the information twice. There is an option to manually enter a new contact if you wish.

I’ve been in business a year and I’m ready to meet with my accountant.

Just released in the spring of 2020, Kashoo 2.0 includes a completely updated user interface that looks sparkling new. Kashoo 2.0 includes all of the features found in the previous version, including bill payment, contacts, accounts, and taxes, with all features completely updated. Kashoo is designed for small businesses, consultants, sole proprietors, and freelancers who want an easy way to manage their business. It offers a one-size-fits-all plan for one low price, and you can add as many users as you’d like. Finally, if you want to add multiple businesses to your account, you’ll have to pay an additional (but discounted) monthly fee to do so. To add another business, you’ll need to pay $13.95 per month, or $139.95 billed annually.

Kashoo only offers one software plan, and it prices its software on a subscription basis — either month-by-month or annually. In addition to its online resource center, Kashoo offers customer support via phone, email and live chat. Based on your stored data, Kashoo can generate traditional financial reports such as profit and loss statements, balance sheets and tax reports. You can also create and save customized reports, as well as export reports to send to accountants, team members or other business consultants. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research.

Accounting

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. Ultimately, with four plan options to choose from, QuickBooks Online is one of the most functional, scalable and popular accounting solutions on the market. Although the initial QuickBooks Online plan, Simple Start, doesn’t include some of the features that Kashoo has; overall, the software is much more detailed with every capability it offers. Kashoo may be more akin to most bookkeeping software systems — where the focus is mostly directed toward maintaining your books, as opposed to performing long-term analysis and other tangential tasks.

Our partners cannot pay us to guarantee favorable reviews of their products or services. We believe everyone should be able to make financial decisions with confidence. Our TrulySmall Accounting tool is a double-entry accounting software that automates your accounting workflow while using built-in safeguards to ensure your numbers are always accurate and up-to-date. The software has an easy to use interface, plus I like the charts that show your income and expenses when you sign in.