The Basics
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: Free forever
- Trulysmall.accounting: $20 per month
- Kashoo: $27 per month, paid annually
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 $27 per month, paid annually. 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.
Featured Partners
1
Xero
75% off for 6 months
Yes
30 days
2
Sage Intacct
Yes
Yes
Yes
Other Benefits
Below are a few perks of choosing Kashoo accounting software:
- Bank account connections: Kashoo works with more than 5,000 banks across the globe, so you can sync your financial accounts and import necessary data to balance your accounts. Kashoo further categorizes your records into various project types and dates to simplify your accounting activities.
- Client and supplier contacts: Kashoo monitors your transactions to help you create contacts of clients and suppliers so that you won’t need to enter their details each time. Your contacts are associated further with specific transactions to save time and give you real-time updates on transaction history and status with each vendor.
- Integrations: For more accounting tasks, such as payroll processing, Kashoo allows integration with third-party tools, such as SurePayroll, Stripe, BluePay and Square.
- Mobile app: You can create invoices, track sales, process payments and view receipts from anywhere since you can access Kashoo on your iOS devices. Also, enter business transactions when offline—your data syncs once connectivity returns.
Fine Print
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.
How Kashoo Stacks Up
| Kashoo | QuickBooks Online | Wave | |
|---|---|---|---|
| Forbes Advisor Star Rating | | | |
| 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 |
| Multicurrency Support | Yes | Yes | No |
| Read Reviews | — |
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.
Featured Partners
1
Xero
75% off for 6 months
Yes
30 days
2
Sage Intacct
Yes
Yes
Yes
Is Kashoo Right for You or Your Business?
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.
Frequently Asked Questions (FAQs)
What features should I look for in accounting software like Kashoo?
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.
Is Kashoo free?
Kashoo has a free invoicing plan. However, you’ll need to subscribe to any of its two paid plans to enjoy other accounting features.
Does Kashoo allow multiple users or businesses?
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.
How secure is Kashoo?
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.