Accounting Software - KashFlow wins AIMS recommendation

KashFlow wins AIMS recommendation

Tuesday, 16th March 2010 - For Immediate Release

Press Release KashFlow announced today that it has won the backing of the AIMS accountancy network, the UKs largest national association of local business accountants, and is to be recommended to its 260 strong membership base. KashFlow is the first cloud accounting software product to gain recommendation from the network.

The announcement follows a comprehensive evaluation of the software by AIMS to ensure that KashFlow meets the needs of its members’ clients.

Henry Ejdelbaum, AIM’s Managing Director commented: “We are impressed by the functionality and the reliability of the software having submitted it to a rigorous evaluation process. We see KashFlow appealing to those of our members who are acting for small businesses that have typically used spreadsheets to record their financial transactions. Because KashFlow allows small business owners access to their books from any computer with an internet connection, it means that they are more likely to keep accurate records.”

KashFlow is increasingly being recommended by accountants to small businesses with turnovers of less than £500,000 that need an easy to use product. One of the key benefits of ‘cloud’ accounting applications lies in the fact that accountants are able to access their clients’ accounts online allowing them a more ‘hands on’ relationship where they can offer business advice, crucially, when it is most needed rather than 12 months down the line.

The system’s pedigree is evident from the awards it has won and includes the Software Satisfaction Award for the best small business accounting software package and also the best web-hosted accounting software package.

Duane Jackson, KashFlow CEO, commented on the news: “The AIMS network has an outstanding reputation and we are delighted that they will be recommending KashFlow to their members.

“Contrary to media speculation that accountants are not willing to embrace the ‘cloud’, in our experience they recognise the benefits of being able to offer their clients real choice between traditional accounting software and online applications.”

KashFlow is also recommended by both the TaxAssist and abacus franchise of accountants.

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About KashFlow

KashFlow is an online tool specifically designed to help owner managers in small businesses manage their accounts. KashFlow's aim is to take the boredom out of managing a company's accounts and to make the day to day tasks easier to achieve so that less small businesses neglect this area.

KashFlow keeps accounts management simple: it requires no installation, software training or prior knowledge of accountancy.

All users benefit from a free, no obligation 60-day trial. The monthly subscription price is £15.99 a month - including free support and upgrades.

Contacts

For further editorial information, contact:

Dominique Gillespie
PR Manager
dom@kashflow.co.uk; 020 7403 0101

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Notes to Editors

In June 2008, KashFlow became the first accounting software package to be certified by PayPal for integration with its payment platform. PayPal and KashFlow now work in partnership to provide a seamless, end-to-end, payment processing and accounting system.

In October 2008 KashFlow won a Business Software Satisfaction award, judged entirely by customer feedback, for the category of small business accounting - beating the likes of Sage 50, Quickbooks Pro and MYOB. Statistics revealed by the awards organisers show that KashFlow has a 70% share of the web-based accounting software market in the UK.

KashFlow has received two rounds of venture capital funding from their now chairman, Lord Young of Graffham. Lord Young is a former Secretary of State for Trade & Industry and ex Chairman of Cable and Wireless.

KashFlow is simple to operate, 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.

KashFlow has been featured in the likes of the Financial Times, Daily Mail, The Daily Telegraph, The Mail on Sunday, BBC Radio and all the leading accounting titles.