IRIS | KashFlow

KashFlow is not well known in North America but it is a very popular entry-level accounting application in the rest of the English-speaking world. The company is based in London, England and was founded in 1998 but didn’t take off until 2005 with the launch of KashFlow (which was almost launched under the brand name Lollymate). KashFlow has won numerous awards and is used by tens of thousands of companies globally.

kashflow-screenThe software competes directly against Sage’s entry-level products in the UK market – namely Sage 50 Accounts (multiple editions) in the UK. Note that Sage 50 Accounts is the replacement for Sage Instant Accounting and is completely different products than Sage 50 US (formerly Peachtree) and Sage 50 Canada (formerly Simply Accounting). Kashflow also competes directly against Intuit Quickbooks and Xero in the UK market and MYOB in the Pacific Rim as well as other products globally.

KashFlow was one of the earlier cloud-based applications available sold as a low-cost, monthly subscription which has become the norm in the entry-level accounting market. KashFlow was acquired by IRIS, a well-established accounting software vendor used by about half of all UK accountants.

KashFlow is pretty amazing for the price. It does a ton that competitors don’t. It handles all of the core financials a small business needs including financial reporting, customer invoicing, vendor payments, bank feeds, quotes and estimates, light credit control (collections), custom fields, fairly extensive product and service pricing, purchasing, payroll, and light inventory stock management. It’s a solid product for a smaller and less sophisticated wholesale distribution business, retailer, or very light manufacturer and may be an option for professional service businesses.

Pricing is listed in Great British Pounds Sterling starting at about $9 per month US for the Starter Edition, $16 per month US for the Business Edition, and $22 per month US for Business + Payroll Edition.

There is a fairly extensive list of third party apps that integrate directly with KashFlow including billing and invoicing, CRM, payment processing, ecommerce storefronts, shipping and inventory management, time and project management, email marketing, financial planning, and more. Some of the major third party products include Salesforce.com, Zoho CRM, Paypal, Stripe, WorldPay, WooCommerce, Shopify, Magento, Amazon, eBay, SimpleOrder, MailChimp, and more.

 

KashFlow Software Ltd

Ivybridge House

1 Adam Street

London, UK WC2N 6LE

Phone: 0330 111 1854

www.kashflow.com




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