As you may or may not know, I run my own business. However, part of being your own boss is that you have to sort out your own accounts - or at least up to a point. Before I looked around for some software to help, I made up a short list of must-have's:
- Must be easy to use, as I wouldn't be the only one using this
- Must be accessible online. I don't want something that restricts me to the computer where it's installed
- Must make my job as easy as possible
After a look around, and talking to a few other people, I decided to give Kashflow a spin. Kashflow "is an online tool specifically designed to help owner managers in small businesses manage their accounts" - and does a mighty fine job in my opinion.
My first issue with Kashflow was the bright colour scheme. The pink and blue may work well on Flickr, but it doesn't really do the site much justice when they are aiming for small businesses. However, this is something that can be overlooked based on the features.
Getting used to Kashflow is a piece of cake. As with any system, you really need to sit down and have a little play. Luckily, they have a feature so you can delete all information from your account, so what I did was setup a few test clients, made some invoices, created some purchases etc.
Kashflow also has the ability to create a multitude of reports. These can include Profit & Loss reports on a month by month basis, Balance Sheets, your quarterly VAT return, as well as a dozen or so reports specifically crafted for your Income and Expenditure. Far more than what most businesses will need. I would hazard a guess that these reports may well aid my accountant in his end of year paperwork, and will hopefully save some money!
At the moment, Kashflow is available on a 60-day free trial, and you don't even need to give them your credit card details - so it's definately worth a shot. After the 60-day trial, it'll cost you £15.99 a month normally, however, you can get a discounted rate of £14.99 a month by clicking the image on the right.
Do you currently use anything for maintaining your accounts? I'd be interested in what others have to say based on their experience!