Kashoo vs YayPay

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Our analysts compared Kashoo vs YayPay based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Kashoo Software Tool

Product Basics

Kashoo is a sophisticated accounting software designed to streamline financial management for small businesses and freelancers. It excels in simplifying tasks such as invoicing, expense tracking, and bank reconciliation, making it particularly suitable for industries like retail, consulting, and creative services. Users appreciate its intuitive interface and the ability to generate insightful financial reports effortlessly. A standout feature is its automatic categorization of expenses, which saves time and reduces errors. Kashoo's cloud-based platform ensures data is accessible from anywhere, enhancing flexibility for users on the go. Compared to similar products, Kashoo is praised for its straightforward setup and user-friendly experience. Pricing details are not explicitly available, so potential users are encouraged to contact SelectHub for a tailored quote. Overall, Kashoo offers a robust solution for those seeking efficient and reliable accounting software without the complexity often associated with larger systems.
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YayPay is a smart accounts receivable management software that uses machine learning to boost AR collection and allow businesses to focus on what matters. From the brand Quadeint’s Intelligence Automation, it organizes cash experience for the finance departments and automates back-office operations. With cloud-based dashboards, it manages and provides real-time data. It improves cash flow management by providing insights into customer’s behavior through predictive analysis. The secure online portal gives customers the freedom to access their accounts and pay anytime, anywhere they want. It automates collection tasks and collection management and saves payer’s information in one place. Users can check for average day sales outstanding, cash collection, invoices, opened reminders and the collection’s effectiveness through the dashboard in real time.
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$20 Monthly
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$500 Monthly, Quote-based
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Product Insights

  • Streamlined Financial Management: Kashoo simplifies bookkeeping by automating data entry and categorizing expenses, allowing you to focus on strategic financial decisions rather than manual data input.
  • Real-Time Insights: With Kashoo, you gain immediate access to up-to-date financial reports, enabling you to make informed business decisions based on current data rather than outdated information.
  • Enhanced Accuracy: By reducing human error through automation, Kashoo ensures your financial records are precise, minimizing the risk of costly mistakes and compliance issues.
  • Time Efficiency: Automating routine accounting tasks frees up valuable time, allowing you to concentrate on growing your business instead of getting bogged down in administrative duties.
  • Cost-Effective Solution: Kashoo offers a budget-friendly alternative to hiring full-time accounting staff, providing professional-grade financial management tools at a fraction of the cost.
  • Improved Cash Flow Management: By tracking income and expenses in real-time, Kashoo helps you maintain a healthy cash flow, ensuring you can meet your financial obligations and invest in opportunities as they arise.
  • Seamless Collaboration: Kashoo allows multiple users to access and work on financial data simultaneously, facilitating teamwork and ensuring everyone is on the same page.
  • Tax Preparation Made Easy: With organized records and comprehensive reports, Kashoo simplifies tax season, reducing stress and ensuring you take advantage of all available deductions.
  • Scalability: As your business grows, Kashoo scales with you, offering advanced features and integrations that support increased complexity without requiring a complete system overhaul.
  • Data Security: Kashoo prioritizes the protection of your financial information with robust security measures, giving you peace of mind that your sensitive data is safe from unauthorized access.
  • Customizable Reporting: Tailor financial reports to meet your specific needs, providing insights that are directly relevant to your business goals and performance metrics.
  • Accessibility: With cloud-based access, Kashoo allows you to manage your finances from anywhere, whether you're in the office, at home, or on the go, ensuring you stay connected to your business.
  • User-Friendly Interface: Designed with simplicity in mind, Kashoo's intuitive interface makes it easy for users of all skill levels to navigate and utilize its features effectively.
  • Comprehensive Support: Benefit from Kashoo's dedicated customer support team, ready to assist with any questions or issues, ensuring you get the most out of the software.
  • Integration Capabilities: Kashoo seamlessly integrates with other business tools, such as payment processors and CRM systems, creating a cohesive ecosystem that enhances overall business efficiency.
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  • Accessibility: Give users the freedom to access information in a single place with the customer's contact details and synchronize the communication record automatically. 
  • Take Quick Action: Check which customer requires a follow-up and what action needs to be taken with the accounts receivable reports displaying it automatically. 
  • Gain Insight: Get an overview of the receivable status and upcoming trends with a real-time cash prediction and accounts receivable analytics. 
  • Accelerate Cash Flow: Gain the ability to monitor metrics through a real-time dashboard. Pay directly from the emails being received and accelerate cash flow and minimize the possibility of money shortage.  
  • Improve AR Metrics: Schedule invoices and related communication to process payments quickly. Provide the AR team with a comprehensive view of the customer’s account to cantilever the exemplary service, thereby improving AR metrics like average days delinquent, days sales outstanding. 
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  • Advanced Accounting: Maximize deductions by pulling up 90 days worth of data with automatic bank feed tools. Import bank transactions automatically, add repeating transactions, connect various feeds and accounts. Ensure protection from financial fraud and operate the business efficiently with full encryption and industry-standard security. Set up an account and send a payment link with the invoice. Collect payment with Stripe account integration. Generate important reports like cash flow, general ledger, trial balance, income statement and more. Keep a tab on the status, and ensure quicker bank reconciliations. 
  • Automated Accounting: Categorize and sort any transaction without any manual intervention with TrulySmall Accounting. Identify and keep track of the vendors with Smart Inbox. Automate operations by connecting financial records, reconciliation. Capture receipt with point and click. Align deductions to IRS and CRA. Get automatic deposition, sorting, categorization and reconciliation of every payment made by the client. Save time with automatic importing and data entry. Keep a tab on how much is being spent with few clicks. 
  • Simplified Invoicing: Invoice clients, get paid electronically and track payments with TrulySmall Invoice. Make payments convenient for everyone by offering ACH, Apple Pay and AliPay by integrating with Stripe accounts. Add customers with TrulySmall invoices. Keep tabs on the paid and unpaid invoices directly from the dashboard. 
  • Invoice Template: Make online invoicing simpler by downloading personalized, free invoice templates for PDF, word and excel. Create, track invoices, receive payments and reconcile income on the iOS and Android app. 
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  • AR Dashboard: Get the time and information to plan and act with a straightforward dashboard. Automate collection activity and get real-time DSO. Monitor payment predictions and payors trends. 
  • Advanced Reporting And Business Intelligence: Make well-informed business decisions by creating robust personalized reports. Make use of charts and graphs to comprehend what matters to the business and driving the AR health. Generate customized reports and graphs in seconds and combine them into a user-friendly dashboard. Keep an estimate of productivity, disputes and payments. Monitor payor behavior and check for any pitfalls. Make use of auto email delivery to schedule reports. 
  • Predictive Analysis: Gain insights into payer’s behavior and future trends and be ready for payment problems when they come up and plan the solution in a well-informed manner. 
  • AR Collection Management: Make sure that you have all the updated information by combining ERP, CRM and other sources. Convert customer data into actionable insights. 
  • Automated Communication: Boost productivity without investing in many resources by automating accounts receivable collection communication such as invoices, payments reminders, and internal escalations. Improve communication, and increase collection. 
  • Streamline Payment: Provide customers with increased visibility, better options and more control. Allow users to securely make their payments with a click, whether it's ACH, credit cards or bank transfers. Minimize DSO by providing payment flexibility. 
  • Communication: Monitor and follow up with customers on outstanding payments with the communication history at one place.  
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Product Ranking

#199

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Accounting Software

#289

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Accounting Software

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User Sentiment Summary

Great User Sentiment 128 reviews
Excellent User Sentiment 52 reviews
89%
of users recommend this product

Kashoo has a 'great' User Satisfaction Rating of 89% when considering 128 user reviews from 1 recognized software review sites.

90%
of users recommend this product

YayPay has a 'excellent' User Satisfaction Rating of 90% when considering 52 user reviews from 2 recognized software review sites.

4.46 (128)
4.5 (26)
n/a
4.5 (26)

Awards

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YayPay stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Easy to Use: Kashoo is praised for its user-friendly interface, making it simple for business owners to manage their finances without needing accounting expertise.
Invoicing: The software offers customizable invoice templates, allowing businesses to create professional invoices and automate payment reminders to streamline their billing process.
Expense Tracking: Kashoo enables users to efficiently track expenses by uploading receipts, setting up recurring expenses, and managing unpaid bills, providing a clear overview of their financial outgoings.
Bank Reconciliation: The platform simplifies bank reconciliation with automatic bank feeds, allowing users to connect their bank accounts, import transactions, and ensure their books are accurate and up-to-date.
Reporting: Kashoo provides various financial reports, including income statements and balance sheets, to give business owners insights into their financial performance and support decision-making.
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Automated Invoice Processing: YayPay can streamline invoice processing by automatically capturing invoice data, reducing manual data entry and minimizing errors.
Improved Collections Efficiency: YayPay offers automated reminders and follow-ups, helping businesses improve their collections efficiency and reduce the time it takes to get paid.
Enhanced Visibility and Reporting: YayPay provides real-time visibility into outstanding invoices, payment history, and customer behavior, enabling businesses to make informed decisions and track their financial performance.
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Limited Features: Kashoo may not be suitable for businesses with complex needs, as it lacks features like advanced reporting, time tracking, and robust inventory management.
Integration Limitations: Businesses reliant on multiple software solutions might find Kashoo limiting, as it offers limited integration options with other business tools and services.
Occasional Performance Issues: Some users have reported experiencing slowness or performance issues with Kashoo, particularly during bank reconciliation, which can be frustrating for users.
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Limited Reporting Functionality: Some users have expressed frustration with the platform's reporting capabilities, finding them to be somewhat limited for their accounting needs.
Occasional System Glitches: A few users have reported experiencing occasional system glitches or bugs that have impacted their workflow.
Customer Support Concerns: While some users have praised YayPay's customer support, others have reported experiencing delays or difficulties in getting their issues resolved promptly.
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Is Kashoo accounting software really as "cash-money" as they say? User reviews from the last year suggest that Kashoo is a solid, albeit imperfect, accounting solution for freelancers and small businesses. Users consistently praise its intuitive interface, making it easy to navigate even for those without a background in accounting. The customizable invoicing templates, automated payment reminders, and multi-currency support are also major pluses, simplifying the often-cumbersome billing process. However, Kashoo isn't without its shortcomings. The limited integration options, particularly for payroll, are a notable drawback, potentially necessitating manual data entry for users reliant on external payroll services. While Kashoo offers basic reporting, some users find it lacking in depth compared to competitors like Xero or FreshBooks. The absence of an Android app further limits accessibility for some. Essentially, Kashoo prioritizes simplicity and affordability over a comprehensive feature set. This makes it ideal for freelancers, sole traders, and small businesses who need a user-friendly platform for managing invoices, tracking expenses, and generating basic financial reports. However, larger businesses or those requiring advanced features like in-depth reporting, inventory management, or extensive integrations might find Kashoo's capabilities insufficient for their needs. For them, exploring more robust alternatives might be a wiser investment.

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Is YayPay a yay or nay for your accounting needs? Users rave about YayPay's intuitive interface and robust automation features, finding it a breath of fresh air compared to clunky, outdated accounting software. They praise its ability to streamline accounts receivable processes, saving them time and reducing errors. For example, users highlight the automated invoice generation and payment reminders as major wins, freeing up their teams to focus on more strategic tasks. However, some users express frustration with occasional software glitches and limited customer support responsiveness. Despite these hiccups, many users feel that YayPay's strengths outweigh its weaknesses, particularly appreciating its seamless integrations with popular CRM and ERP systems, which they say significantly enhances their workflow efficiency. Overall, YayPay seems best suited for businesses seeking a modern, automated solution to manage their accounts receivable. Its user-friendly design and powerful features make it a valuable asset for teams looking to ditch manual processes and boost productivity. However, businesses requiring extensive customer support might want to consider these limitations before committing.

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