Kashoo

Besides having an unusual name, Kashoo Classic has several attributes that might make it attractive to very small companies ready to automate their accounting system. For example, Kashoo was the first to develop an iPad app for its online service. It offers free chat, voice, and email support. Kashoo Classic also includes project cost tracking and can be integrated with SurePayroll, one of the best services of its kind. It follows the rules of double-entry accounting and does a good job of tracking income and expenses. Since our last review, the company made changes to the website, including improved categorization and bank feeds.Considering that most of its subscribers are micro-businesses, the company decided to take a step back and meet the needs of new, very small businesses that hadn’t yet switched from manual bookkeeping to a cloud-based accounting solution. Since the first task that a new business (or one that just wants to dip its toe into automation) is likely to start with is invoicing, Kashoo introduced a free, very simple invoicing solution called TrulySmall Invoices. Kashoo also launched TrulySmall Accounting ($20 per month), a double-entry accounting solution that allows you to download transactions from your bank accounts; track income and expenses and bills; send invoices and accept payments; and run essential reports. Both TrulySmall applications were created for mobile first (both iOS and Android apps are available), so they’re easy to use, simply designed, and aesthetically pleasing. Kashoo has introduced a new accounting website, TrulySmall Accounting. It lacks some of Kashoo’s functionality, but it’s a good entry-level solution. Its subscription fee is $20 per month. TrulySmall Invoices is free.But neither these new products nor the flagship application, Kashoo Classic, can compete with our Editors’ Choice-winning services, Intuit QuickBooks Online Plus and FreshBooks.How Much Does Kashoo Cost?Kashoo Classic’s subscription fee is now $30 per month, with extra fees for payroll and merchant accounts. It lands about in the middle of the small- to medium-sized business pricing scale. Wave and Sunrise, which offer more functionality, are free. The version of FreshBooks we reviewed is $45 per month (billed annually), and QuickBooks Online is $80 per month.For your Kashoo Classic subscription price, you get a good selection of tools for managing your company's income and expenses, while staying compliant with double-entry bookkeeping rules. The site ably covers the basics required by accounting applications. Included are a Chart of Accounts; record templates for clients, suppliers, and items and services; transaction forms for invoices and other income, bills, and other expenses; and preformatted reports.Kashoo Classic can connect to your financial institutions, download transactions, and then reconcile accounts. The site makes all these activities easy by housing them in a clean, simple user interface with equally simple navigation tools. Email, chat, and phone support are free and unlimited, and the online documentation is good.Laying the GroundworkKashoo Classic doesn’t offer a step-by-step setup wizard like some sites do, but if you work your way through the Settings menu, you can easily lay the foundation for your

Records and transactions. You first enter descriptive information about your company, supply invoice details, and provide information about sales taxes you need to charge customers. You also enter your login information for your financial institutions so that you can set up bank feeds and import transactions.Kashoo Classic doesn’t have a multistep setup tool, but you can work your way through the Settings menu to enter business details and preferences.Other setup tasks include adding users and assigning their roles (Admin, View/Edit Only, or View Only) and integrating with a payment processor, such as Square, Stripe, or Kashoo's own payment gateway. The merchant account you create using one of these providers allows you to accept credit card payments from customers. If you're moving over to Kashoo Classic from FreshBooks Classic, you can import clients, invoices, payments, and expenses.Once you complete the setup tasks, you can start adding new customers and suppliers, items, and accounts. Kashoo Classic’s client and supplier records are not as detailed and flexible as those in Zoho Books, but they work well to support the site's other functions. They contain fields for things like contact information, terms, and income or expense accounts. There's a history of financial interaction with each individual or business (a list of related transactions). While you're in a record, you can click links to generate statements, invoices, and bills directly, rather than having to move to another area of the site.Your client records in Kashoo Classic can contain enough details about your customers to support the site’s other features.Item records are also not as detailed as those found on the most capable competing sites. You can enter the information needed to describe items that you buy and sell, along with their prices or costs and the accounts associated with them, just as you can in Xero. You can't, however, set a starting inventory number or anything that would let you track stock levels and reorder points or make adjustments. Kashoo Classic remains behind applications like Zoho Books in this regard.You can’t track inventory in Kashoo Classic, but you can create records for items and services that you sell.Not every small business accounting service offers project tracking. Kashoo Classic does. But again, this feature is very basic. You simply enter a name and description, and then assign projects to transactions where applicable. You can track costs by project on a dedicated page. This tool isn’t as sophisticated as QuickBooks Online's, but it can be useful if you’re keeping a close watch on basic project profitability.Project management is very basic in Kashoo Classic, but you can name a project and assign income and expenses to it to track profitability.A Different DashboardKashoo Classic’s user interface and navigational tools are clear and effective, and screens open quickly. Its opening screen, the dashboard, differs from what most competitors offer. Most sites put an overview of your finances front and center, displaying the current (and sometimes, past and future) state of your finances in tables and charts. Instead, Kashoo Classic’s current

Agreement states that they cooperate with taxman, whoever they may be. Don’t get bitten by the CRA! Let’s face some facts; nobody wants their tax agency sniffing around, but the fact is, it’s almost inevitable. You can’t fight it, but what you can do is be prepared by tracking your sales (and all applicable taxes) in a reliable accounting software program, like Kashoo. Remember, the sales tax you owe Mr. Taxman is based on the sales tax you received on sales Income less the sales tax you paid on eligible Expenses. Once your income and expenses are entered into Kashoo, this amount is figured out for you effortlessly. Add to that, you can record those remittance transactions with the click of a button. Kashoo is hound friendly Our focus is and always has been to develop simple accounting software, and tracking sales tax is a feature we strive to make as easy as possible. If you’re using Square as your POS system, or receiving payments some other way, while we can’t guarantee you won’t get hounded by Mr. Taxman, we can make the difference between a happy hound and an unpleasant one. Start your FREE trial today, and see how Kashoo can help your business.

Homepage is a working screen. The iOS app, however, does display a standard financial dashboard.This opening page displays one-time and recurring income and expense forms. You can toggle between the two. They’re designed for transactions not connected to invoices or bills, though they can be associated with projects. Current account information—the data that most sites feature prominently on their dashboards, like income/expenses and account balances—is over in the right vertical pane. Kashoo Classic doesn't display a profit and loss chart or any other report data here, like others do.Kashoo Classic doesn’t have a traditional dashboard. Rather, the opening screen contains transaction forms for income and expenses.The left vertical pane contains the site's navigation tools. Kashoo's minimal feature set makes it possible to go anywhere on the site from there. The top third of this menu is devoted to the real meat of the site, such as Invoices, Bills to Pay, and Banking. Links to all the site's lists are below that (Clients, Items, Projects, and so on), followed by the seven reports available on the site and a history log. There’s also a link to the site’s only add-on, SurePayroll.Easy, Thorough Transaction FormsKashoo Classic’s transaction forms are attractive and clean, though not as aesthetically pleasing as those in our Editors' Choice product, FreshBooks. They're also not as detailed as some of the competition’s. The site's invoice and bill data-entry screens are accessible through individual entries in the navigation pane. Rather than opening to a list of existing transactions like some sites do, Kashoo Classic’s invoice and bill pages open to blank data entry forms. You complete these by choosing options from drop-down lists and entering information in fields. Below each invoice is a set of housekeeping tools, but you have to click Show Options to see some of them. You can make the transactions recurring, enter payments, allow credit card remittances, and more. That section is followed by a list of all your invoices. Click on one, and the original transaction is displayed. You can export this list to Excel, CSV, and Google Sheets. Other sites also make historical invoice data available from the actual data-entry screen. Kashoo Classic’s bill pay screens provide similar tools and data related to accounts payable. The pane on the right side of the screen is dedicated to accounts receivable data. Your current total profit is displayed at the top, followed by lists of, for example, unpaid invoices and income by client. All are links that take you to the underlying data. Because Kashoo Classic makes data like this available from working screens, its users have less need to run standard reports. The site does offer reports detailing unpaid invoices and unpaid bills, but the rest are the standard financial reports often created and analyzed by accounting professionals, like the Income Statement. Report export options are generous. Kashoo Classic can export to Excel, CSV, HTML, PDF, and Google Sheets. But Kashoo Classic’s reports, both in terms of the number available and their customizability, are quite