Online Bookkeeping with Kashflow
KashFlow is the ideal companion for any small business owner. It is a piece of software that can be accessed from the Internet to take the load off small business owners. It has many benefits and features, some of which will be discussed below.
The invoicing feature allows you to customise your own invoices, with your company logo, and you can add in as much detail about the products you are selling on a line-by-line basis. Once an invoice is saved, if you want to amend it, then it is as easy as clicking the mouse, whereas with some other systems, once you save an invoice template, then it is set in stone. Within KashFlow you can create unlimited formats.
KashFlow can help to automate invoicing. It also reminds you when an invoice becomes overdue. There are pre-set letters that can be sent to your customers to chase the debt. KashFlow identifies payments received, and the net balance owed by customers. You can add “pay on-line” buttons to emails, and you can also take payments by credit card. There are a whole host of other features within this function that can help to alleviate the stresses of running a business on a day-to-day basis.
Quotes & Estimates
If your business relies on providing quotes, then you can use KashFlow to produce customised quotes at the click of a button.
KashFlow can help to automate regular orders, and it can also send an email to your suppliers notifying them when you have paid them.
If you have several bank accounts, then these can all be linked to KashFlow, and you can view all of your balances on a summary dashboard page. This handy little feature allows you to get a snapshot of your finances
KashFlow can help to manage your suppliers if they are not paying on time. If an invoice has reached its due date, and is still outstanding, then the system can send you an email to notify you. It can also send out reminder letters which are pre-set within the system.
Log into KashFlow and you can access your payroll information anywhere, anytime. It also has the ability to file your RTI submissions to HMRC. It can help with P60’s and P45’s as well as produce customised reports to fit your requirements.
Cost vs Benefit
To show you the benefits of KashFlow, there is a free 14 day trial, where you can test the system, and see if it can help to automate some of the processes within your business. Then after the 14 day trial, the prices start from £5 per month. For such a low monthly outlay, this is something that every small business owner needs.
if you need assistance, we have accountants ready to serve you in offices conveniently located in Birmingham and Kensington, London, UK.