FreeAgent vs Kashoo: Choosing the Right Accounting Software for Your Business
If you’re searching for reliable accounting software for your small business, you’ve likely encountered both FreeAgent and Kashoo. These two platforms offer similar services, but there are key differences worth exploring. In this article, we provide a comprehensive comparison of FreeAgent and Kashoo, including a breakdown of their features, pricing structures, ease of use, mobile apps, customer support, integrations, user reviews, and more. Read on to discover which one is the right choice for your business needs.
Overview of FreeAgent and Kashoo
What is FreeAgent?
FreeAgent is a cloud-based accounting software designed specifically for small businesses and freelancers. This platform offers an array of features including invoicing and payment tracking, expense management, tax forecasting and calculation, project management, and time tracking. FreeAgent boasts an easy-to-use interface, versatile integrations, and strong customer support.
One of the key benefits of FreeAgent is its ability to automate many time-consuming tasks associated with accounting. For example, the software can automatically import and categorize bank transactions, saving users hours of manual data entry. Additionally, FreeAgent can generate financial reports and forecasts with just a few clicks, giving business owners valuable insights into their company's financial health.
Another advantage of FreeAgent is its flexibility. The software can be customized to suit the needs of different industries and business types. For instance, freelancers can use FreeAgent to track billable hours and manage multiple projects, while small business owners can manage inventory and track sales. With its wide range of features and customizable options, FreeAgent is a versatile tool that can help businesses of all sizes streamline their accounting processes.
What is Kashoo?
Kashoo is another cloud-based accounting platform catering to small businesses and freelancers. This software focuses on streamlining bookkeeping and financial management, offering features like invoicing, expense tracking, bank reconciliation, and financial reporting. Kashoo provides a simple and straightforward interface, as well as mobile apps for on-the-go accounting.
One of Kashoo's standout features is its ability to integrate with other business tools, such as payment processors and e-commerce platforms. This allows for a seamless flow of financial data and reduces the need for manual data entry. Additionally, Kashoo offers multi-currency support, making it a great option for businesses that operate internationally.
Another benefit of using Kashoo is its affordability. The software offers a range of pricing plans, including a free option for businesses with basic accounting needs. This makes it an excellent choice for small businesses and freelancers who are just starting out and may not have a large budget for accounting software.
Features Comparison
FreeAgent Features
- Invoicing and payment tracking
- Expense management
- Tax forecasting and calculation
- Project management and time tracking
- Automated bank transaction imports
- Financial reports and forecasts
- Customizable dashboards and reports
- VAT returns
Kashoo Features
- Invoicing and expense tracking
- Bank reconciliation
- Financial reporting
- Multi-currency support
- Integrations with payment processors like Square and Stripe
- Project management integrations with tools like Trello and Asana
- Recurring invoices
Pricing Comparison
Pricing is a crucial factor when choosing between FreeAgent and Kashoo. FreeAgent offers multiple pricing tiers, ranging from £9.50 to £29.50 per month, depending on the features and support required. Kashoo typically offers one primary pricing plan at £16 per month, making it more affordable for businesses on a budget.
However, FreeAgent's higher pricing tiers offer advanced features like project management and time tracking, which may be necessary for some businesses. On the other hand, Kashoo's pricing plan includes all features, so you won't have to pay extra for additional functionality.
Another factor to consider is customer support. FreeAgent provides phone and email support during business hours, while Kashoo only offers email support. If you require more immediate assistance, FreeAgent may be the better option.
Ease of Use and User Experience
Both FreeAgent and Kashoo are known for their user-friendly interfaces. FreeAgent has a simple dashboard that provides a clear overview of your finances, while Kashoo’s dashboard is also straightforward and easy to navigate. However, FreeAgent offers more flexibility in customizing your dashboard and reports.
In addition to their user-friendly interfaces, both FreeAgent and Kashoo offer mobile apps that allow you to manage your finances on-the-go. FreeAgent’s mobile app is available for both iOS and Android devices, while Kashoo’s app is also available for iOS and Android, offering features such as creating and sending invoices directly from the app.
Mobile App Features
If you need to manage your finances on the go, mobile apps are an important consideration. FreeAgent offers a mobile app for both iOS and Android, allowing you to manage invoicing, expenses, and estimates on the move. Kashoo also has mobile apps for iOS and Android, which enable users to create and send invoices, capture receipts, and more.
There are some differences between the two apps. FreeAgent's mobile app has a more user-friendly interface and offers more features, such as the ability to track time and create projects. Kashoo's mobile app is also feature-rich, providing functionalities like creating and sending invoices directly from the app. The choice between the two depends on your specific needs and budget.
Customer Support
Customer support is a crucial consideration when choosing accounting software. FreeAgent offers support via email, phone, and live chat, in addition to a wealth of online resources like video tutorials and a help center. Kashoo also offers email and phone support, as well as a support center with articles, FAQs, and user guides.
However, there is a notable difference in the availability of customer support between the two platforms. FreeAgent offers 24/7 customer support, ensuring users can get help at any time. On the other hand, Kashoo's customer support is only available during business hours, which may be inconvenient for users needing assistance outside those times.
Integrations and Compatibility
Both FreeAgent and Kashoo offer integrations with popular accounting and business tools. FreeAgent integrates with a wide range of apps, including PayPal, Stripe, and Xero, while Kashoo offers integrations with payment processors like Square and Stripe, as well as tools like Shopify and HubSpot.
There are some notable differences between the two platforms when it comes to integrations. FreeAgent offers a direct integration with HMRC for VAT filing, making it easier for UK-based businesses to manage their taxes. On the other hand, Kashoo offers integrations with project management tools like Trello and Asana, which can be useful for businesses that need to track time and expenses for specific projects.
User Reviews and Ratings
Examining user reviews and ratings can provide valuable insights into the strengths and weaknesses of both FreeAgent and Kashoo. FreeAgent has a rating of 4.7 out of 5 on Trustpilot, with many users praising its ease of use, integrations, and customer support. Kashoo has a slightly lower rating of 4.3 out of 5, with users commending its affordable pricing and user-friendly interface, though some mention it lacks features useful for larger businesses.
Pros and Cons
Like any software, FreeAgent and Kashoo each have their own pros and cons.
FreeAgent Pros:
- Extensive range of features
- Strong customer support
- Automated tasks and integrations
- Customizable dashboards and reports
FreeAgent Cons:
- Higher pricing tiers
- Steeper learning curve
Kashoo Pros:
- Affordable pricing
- Easy to use
- Comprehensive mobile apps
- Multi-currency support
Kashoo Cons:
- Limited advanced features
- Customer support availability
Final Verdict: Which Accounting Software is Better - FreeAgent or Kashoo?
While both FreeAgent and Kashoo are robust accounting software platforms, FreeAgent is the better choice for businesses that require a higher level of functionality and support. Kashoo is a good option for businesses on a tight budget that need basic bookkeeping functions. Ultimately, it’s important to consider your specific business needs, budget, and workflow when deciding between these two platforms.
Conclusion: Making the Right Choice between FreeAgent and Kashoo
Choosing the right accounting software for your small business is a critical decision that can impact your financial management and business operations. By comparing FreeAgent and Kashoo in terms of their features, pricing, ease of use, mobile apps, customer support, integrations, and user reviews, you can make an informed decision that aligns with your business goals and budget.
