10 Yetis
9th August 2007, 16:15
The bookkeeping software package is no longer just aimed at SME’s as this week it has announced that it has added extra functionality to make it the best option for accountants as well.
This week sees the launch of a whole host of extra functionality for the accounting and bookkeeping software package KashFlow (http://www.kashflow.co.uk). As well as continuing to appeal to the SME market the new areas will enable accountants to carry out all the professional reports they need without having to use any other accounting software packages.
The KashFlow (http://kashflow.co.uk) development team have been working hard in order to formally announce the release of a journal and complete set of accountant’s reports that include:
Balance Sheet
Profit and Loss
Trial Balance
Aged Debtors and Creditors
Nominal Ledger
The move comes as a direct result of KashFlow’s popularity with the SME market and the fact more and more accountants were starting to use and refer the software to their clients.
The company started to get feedback from accountants that whilst terms like “Balance Sheet”, “Trial Balance” and “Aged Debtors and Creditors” meant nothing to SME’s they are essential tools for accountants.
Speaking about the new functionality Duane Jackson, Managing Director of KashFlow said,
“The new additions mean that whilst we continue our crusade to more enable SME’s to do their bookkeeping using our user-friendly software we can give accountants what they need as well. When KashFlow was initially launched the plan was to just have the system export to Sage in order for accountants to extract and complete the necessary reports.
He continued, “Whilst exporting to Sage is still possible our new functionality means accountants can now use KashFlow in a self contained way with no need to use Sage at all.”
Deborah Corbett, TaxAssists franchisee of the year, said,
“KashFlow handles double entry in a very clever way. It means that my clients are very confident in using the software but I can also get the reports I need from the system.
She continued, “In many ways it’s better than other products we use. For a start we can access live data that has literally just been entered by the client. The ability to be able to drill down from the reports to the actual transactions that make up the figure is a real plus too.”
KashFlow launched its flagship product, an online tool specifically designed to help owner-managers in small businesses manage their accounts, in mid 2005. Since that time it has quickly won a significant share of the valuable accounting software market along with launching a new direct to accountant division in late 2006.
KashFlow recently won a second round of venture capital funding from Lord Young of Graffham, former Secretary of State for Trade and Industry and ex Chairman of Cable and Wireless.
The KashFlow accounting package is securely hosted online, requires no installation and can be trialled for free by visiting http://www.kashflow.co.uk (http://www.kashflow.co.uk/) . The site also displays examples of feedback from actual users.
END
Editor’s Notes:
For further information contact:
Andy, 10 Yetis Public Relations (http://www.10yetis.co.uk) – 01452 527898, andy@10yetis.co.uk
Information about KashFlow (http://www.kashflow.co.uk):
Research has shown that 70 per cent of businesses fail within their first year. Many small businesses fail to integrate proper accounting practices causing a lack of financial control and consequent cash flow problems which forces the business to fail. In addition, owner managers often do not have the time and ‘know how’ to properly invest in business analysis. KashFlow is a simple and time efficient tool for owner managers to manage their accounts and monitor business performance.
KashFlow gives owner managers hands-on control over all their finances, enabling them to:
- create, print and email professional looking, tailored invoices
- send reminder letters for unpaid invoices
- log payments received
- log purchases made
- produce VAT returns
- manage a client base
- reconcile bank statements
- run management reports.
KashFlow is simple to employ, with users instinctively knowing where to click to perform almost any accountancy task.
Owner managers are able to effectively manage their accounts with no need for software training or prior knowledge of accountancy. This simplicity frees up valuable time and resources, allowing small businesses to focus on core business activities.
This week sees the launch of a whole host of extra functionality for the accounting and bookkeeping software package KashFlow (http://www.kashflow.co.uk). As well as continuing to appeal to the SME market the new areas will enable accountants to carry out all the professional reports they need without having to use any other accounting software packages.
The KashFlow (http://kashflow.co.uk) development team have been working hard in order to formally announce the release of a journal and complete set of accountant’s reports that include:
Balance Sheet
Profit and Loss
Trial Balance
Aged Debtors and Creditors
Nominal Ledger
The move comes as a direct result of KashFlow’s popularity with the SME market and the fact more and more accountants were starting to use and refer the software to their clients.
The company started to get feedback from accountants that whilst terms like “Balance Sheet”, “Trial Balance” and “Aged Debtors and Creditors” meant nothing to SME’s they are essential tools for accountants.
Speaking about the new functionality Duane Jackson, Managing Director of KashFlow said,
“The new additions mean that whilst we continue our crusade to more enable SME’s to do their bookkeeping using our user-friendly software we can give accountants what they need as well. When KashFlow was initially launched the plan was to just have the system export to Sage in order for accountants to extract and complete the necessary reports.
He continued, “Whilst exporting to Sage is still possible our new functionality means accountants can now use KashFlow in a self contained way with no need to use Sage at all.”
Deborah Corbett, TaxAssists franchisee of the year, said,
“KashFlow handles double entry in a very clever way. It means that my clients are very confident in using the software but I can also get the reports I need from the system.
She continued, “In many ways it’s better than other products we use. For a start we can access live data that has literally just been entered by the client. The ability to be able to drill down from the reports to the actual transactions that make up the figure is a real plus too.”
KashFlow launched its flagship product, an online tool specifically designed to help owner-managers in small businesses manage their accounts, in mid 2005. Since that time it has quickly won a significant share of the valuable accounting software market along with launching a new direct to accountant division in late 2006.
KashFlow recently won a second round of venture capital funding from Lord Young of Graffham, former Secretary of State for Trade and Industry and ex Chairman of Cable and Wireless.
The KashFlow accounting package is securely hosted online, requires no installation and can be trialled for free by visiting http://www.kashflow.co.uk (http://www.kashflow.co.uk/) . The site also displays examples of feedback from actual users.
END
Editor’s Notes:
For further information contact:
Andy, 10 Yetis Public Relations (http://www.10yetis.co.uk) – 01452 527898, andy@10yetis.co.uk
Information about KashFlow (http://www.kashflow.co.uk):
Research has shown that 70 per cent of businesses fail within their first year. Many small businesses fail to integrate proper accounting practices causing a lack of financial control and consequent cash flow problems which forces the business to fail. In addition, owner managers often do not have the time and ‘know how’ to properly invest in business analysis. KashFlow is a simple and time efficient tool for owner managers to manage their accounts and monitor business performance.
KashFlow gives owner managers hands-on control over all their finances, enabling them to:
- create, print and email professional looking, tailored invoices
- send reminder letters for unpaid invoices
- log payments received
- log purchases made
- produce VAT returns
- manage a client base
- reconcile bank statements
- run management reports.
KashFlow is simple to employ, with users instinctively knowing where to click to perform almost any accountancy task.
Owner managers are able to effectively manage their accounts with no need for software training or prior knowledge of accountancy. This simplicity frees up valuable time and resources, allowing small businesses to focus on core business activities.