Keeping track of one’s finances is a necessary part of maintaining a healthy balance in the bank account, whether you like bookkeeping or not. With all of the monetary obligations in our lives, financial management has never been a more important aspect during this time of economic hardship. All of the statistics and number crunching can get very tedious and confusing for the majority of us, so some smart guy has come up with the idea of an accounting application that can do all of the hard work for us. Accounting apps are a popular and efficient means of money management, but not all of them are the same.
The Major Contenders: Kashoo and Outright
Web-based accounting software has been on the market for many years, and two big names in the game are Outright and Kashoo. Many users consider Outright to be a program more suited for beginners or smaller business operations. The website app is geared toward bookkeeping for basic taxes since many advanced options are missing from the package. Outright is great for its intended purpose and offers easy-to-use tools for basic accounting, taxes, and some legal issues. The greatest advantage of the website is that it’s free to use and easily accessible.
On the contrary, Kashoo is a more in-depth software service that allows small and large businesses alike to manage their payroll, pricing, API, and practically all other business finances with ease. While the free version of the software is comparable to Outright, Kashoo shines when you are able to use it for its detailed analysis capabilities. The online accounting program’s in-depth versions start at about ten bucks a month and feature: accounts payable, accounts receivable, budgeting, double-entry accounting, encryption, general ledger, inventory management, and much more.
Which Option is Right For You?
While Kashoo is clearly the more advanced program, Outright will probably serve the average person just fine. In fact, those who do not require the extra features of Kashoo will find Outright to be the more intuitive program. Outright does what it was designed to do very well and no more. For individuals who own large companies or are involved in complex operations, Kashoo will be the better bet. It has options that will prove to be invaluable to the business elite; options that Outright simply doesn’t offer.
The Bottom Line
Both Outright and Kashoo are helpful accounting tools that will aid anybody with their accounting and financial management needs. The best part is that they are free of charge unless premium services are required.