KashFlow and MyPAYE team up to offer SMEs web-based accounting and payroll

Wednesday, 7th October 2009 - For Immediate Release

Web-based accounting software KashFlow has further strengthened its offering to small businesses by teaming up with payroll software provider, MyPAYE

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Chairman:
The Rt Hon Lord Young of Graffham

Founder & CEO:
Duane Jackson

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MyPAYE is a powerful low cost and easy to use payroll system that, like KashFlow, is accessed via a secure website with no software to download or install.

“We’re experts in easy to use, jargon-free accounting software” said KashFlow Founder and CEO Duane Jackson “What we don’t do is payroll. It’s a complex area that requires special knowledge to do properly, which is why we were keen to partner with MyPAYE”

Using the two products small businesses can manage their accounts and payroll from anywhere in the world with an internet connection without any extensive knowledge in accounting techniques or payroll legislation..

When a MyPAYE user runs their monthly payroll, the numbers are automatically sent to KashFlow and entered into the companies accounts, thus saving time and removing the possibility of human error.

MyPAYE has been developed by Lerryn Data Technology Ltd, a company that specialises in building robust software products for small businesses.

“We’ve seen incredible demand for web-based software” said Neil Seekings, Sales Director at Lerryn “So we used our existing payroll and HR expertise to provide an online solution. Partnering with a market leader like KashFlow helps both of our products deliver more value to our customers”

As well as MyPAYE, innovative web-based payroll provider I-Pay has also recently announced integration with KashFlow. This brings the total number of KashFlow-integrated payroll providers to five, giving customers a wide range of products to choose from.

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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:

Carolyn Gordon-Smith
PR Manager
cgs@cimma.co.uk
01386 859090 / 07710 537 928

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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.

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