Kashoo is a small business account software solution that is intended to provide users with an easy way to manage business expenses and income. The system is designed to remain in compliance with generally accepted account principals so that business finances are handled professionally without paying an expensive professional to do it. Kashoo allows users to enter income and invoicing details using simple data entry fields. The system can handle multiple currencies and will automatically download exchange rates daily. Users can also upload their bank statements to Kashoo and reduce the amount of time needed to enter the information. Users can also create online invoices and financial reports as well as invite multiple users to view and edit the information so all the right people have access.
Clarity Accounting was built by Habitsoft Inc. in 2008. Habitsoft was founded in 2007. The company began as a custom software developer but later moved into SaaS web applications intended for small businesses. Clarity Accounting was Habitsoft’s first product in this direction. The team remains quite small but still offers up a long list of feature to make running a business that much easier. Clarity Accounting changed its name to Kashoo in 2010.
Many business owners fear the accounting aspect of running their business, yet there may not be room in the budget to hire a professional. Kashoo helps business owners manage expenses on their own using an intuitive system that can save a great deal of time. With the ability to upload bank statements and switch currencies, Kashoo takes a lot of the time and frustration out of the financial side of running a small business.
The Kashoo website features a blue and white color scheme that works very well. The design is highly professional, with sleek rounded buttons and screenshots to help users’ learn more about the application. The actual tools are also easy to understand, even from the perspective of someone who knows little about finance. Headers and smaller menus allow the user to get at a glance details while graphs use colored lines to help the user see where the money is coming from and going to.
Kashoo offers all users a free 30 day trial that does not require a credit card until the 30 day period is up. Users who decide to stick with Kashoo can choose from two membership types: Plan A and Plan B. Plan A runs about $10 per month. This membership includes anywhere access, income and expense tracking, overdue invoice and bill tracking, asset and liability monitoring, the ability to generate professional looking invoices, multi currency support, real time reports, contact manager, unlimited data storage and unlimited users with online collaboration capabilities, bank statement uploads, free customer support, excel export, SSL security, and automatic upgrades and back ups. Plan B runs about $100 per year and includes all the same features at a 20% off discount. Users who choose Plan B can cancel their subscription at any time throughout the year and still receive money back for unused months.
Small business owners and managers could appreciate Kashoo. The application is very affordable and offers simple tools that work well. The user does not need an extensive financial background to learn the application.