Accounting Software - KashFlow introduces new ReceiptAngel integration

KashFlow introduces new ReceiptAngel integration

Tuesday, 13th April 2010 - For Immediate Release

Press Release KashFlows mission to make accounting simpler for small businesses, has moved another step forward with the announcement that its software now seamlessly integrates with the ReceiptAngel service. This will relieve the 5,000+ UK businesses using the cloud accounting software, KashFlow, of the worry of losing receipts and bills allowing each item to be scanned quickly and easily and stored securely.

This is an exciting break-through for the small businesses that are mobile during the working day, e.g. plumbers and find it difficult to account for every purchase when they come to update their financial records at the end of the week or the month. Using the mobile, lightweight scanner, receipts and bills can be scanned near to the time of the transaction ensuring their details are captured.

Businesses are given the option of either entering the details of the supplier, restaurant etc manually themselves or they can ask one of the ‘Angels’ at ReceiptAngel to carry out the data entry for a nominal fee. The scanned image with the relevant details of the purchase, are then sent directly to the KashFlow accounting system and it is shown in the list of Purchases.

The time consuming and onerous task of keeping receipts and remembering to enter them into the accounts system is completely eradicated with this new link-up between two systems that are designed for today’s online and increasingly mobile business environment.

The ease with which receipts can be processed makes it an ideal solution for small businesses, IFAs, the catering trade, sales teams, consultants, plumbers and electricians, and bookkeepers and accountants.

Duane Jackson, CEO of KashFlow uses the application himself and is excited at its potential. He commented: “Keeping hold of receipts can be difficult especially when out of the office. This new link up with ReceiptAngel delivers yet another way of creating efficiencies by driving processes online.”

Barry James, CEO, ReceiptAngel.co.uk said: “KashFlow pioneered 'Cloud' accounting in the UK by providing an excellent, easy to use, online accounting system and is fast winning market share. This integration further adds to its appeal by getting rid of paperwork and removing the need for what everyone agrees was a wasteful and tiresome chore.”

A committed user of the new system, Stephen Jones, IFA, said: “I used to hate this job - it took me hours finding my receipts let alone typing them up. Now it's simple and seamless. "

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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.