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  • 1. Press Release Monday, 6th March 2006 - For Immediate Release Apple Mac Users Get Their Own Accounting Software. A small design company who were so annoyed that they could not find suitable book-keeping and accounting software package that could be used on their Apple Mac computers went out and built the program themselves, and it has now launched nationally thanks to venture capital backing. KashFlow has a 60 day free trial and is an online tool specifically designed to help freelancers and owner managers in small businesses manage their accounts. Since its launch it has won a sizeable amount of market share, and more importantly, plaudits from business owners across the UK. In early 2006 the Rt. Hon. Lord Young of Graffham, former Secretary of State for Employment and Trade and Industry, invested a significant amount of capital in the accounting software development company. Duane Jackson, Managing Director and one of the lead designers behind KashFlow commented, 'In our creative role as Mac users we were really frustrated at not having the same level of accounting software available to us as PC users so we just thought, lets build a system ourselves, and a year later we have launched a product that is performing better than expected and has attracted high-profile supporters such as Lord Young". Feedback from Apple Mac users has been very positive, Stephen Carpenter runs IUVO Design Studio in London and commented, 'We had all the usual book-keeping difficulties that come with being a mac only design studio until we signed up to KashFlow. This is a great piece of kit that not only allows us to easily keep track of where we are at financially, but the reports also enable us to monitor where our sales are coming from and better understand which parts of our business are most profitable". Jacqueline Macdougall from Creacom Design based in Scotland commented, 'I have been impressed with the software for a number of reasons, not least because is it is easy to use and goes beyond just an accounting solution, but also its wider features such as creating invoices and measuring marketing campaign responses, makes it a vital business tool" Jacqueline continued, 'The fact that it has been born out of real business owners not being able to find a product that they could use themselves helps a lot as they know what we really need in terms of functionality and reports". KashFlow does not only allow freelancers and small business owners to immediately see their financial position, but also gives regular updates on outstanding fees and bills as well as producing valuable reports that show which marketing channels have delivered the most sales. The KashFlow accounting package is securely hosted online, requires no installation and can be trialled for free by visiting http://www.kashflow.co.uk . The site also displays examples of feedback from actual users -ends- continued on next page...
  • 2. Contacts Notes To Editors For further editorial information, contact: In June 2008, KashFlow became the first accounting software package to be certified by Duane Jackson PayPal for integration with its payment platform. duane@kashflow.com PayPal and KashFlow now work in partnership to 020 7403 0101 provide a seamless, end-to-end, payment processing and accounting system. 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 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. For more information visit the KashFlow pressroom at: www.kashflow.co.uk/pressroom.asp Recent Press Releases KashFlow and Tim Goods Absolute Accounting join forces to challenge major players with their own technologically advanced and integrated cloud option KashFlow has announced a new and strategic partnership with Absolute Accounting Software Ltd, founded by Tim Good formerly of PTP, that is set to have a major impact on the accountancy practice software sector. The announcement is perfectly timed to take advantage of incoming legislation that will require accounts to be submitted electronically using the iXBRL format. http://www.kashflow.co.uk/pressrelease_0068.asp KashFlow signs exclusive partnership agreement with Entrepreneur Country KashFlow has announced an exclusive partnership agreement with Entrepreneur Country, a community of 25,000 high growth businesses recognised as UK and Europes leading entrepreneurs. The award winning KashFlow online accounting software is to be recommended as the community's system of choice. http://www.kashflow.co.uk/pressrelease_0067.asp KashFlow announces expansion into the Republic of Ireland KashFlow has announced that it has signed an agency agreement with leading Dublin Accountant, Gerard Kiernan and his partner, Tommy Boyle, to promote KashFlow cloud accounting software to Irish accountants and their small business clients. http://www.kashflow.co.uk/pressrelease_0066.asp KashFlow introduces new ReceiptAngel integration KashFlows mission to make accounting simpler for small businesses, has moved another step forward with the announcement that its software now seamlessly <a href="http://www.kashflow.co.uk/receiptAngel.asp">integrates with the ReceiptAngel service</a>. 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.
  • 3. http://www.kashflow.co.uk/pressrelease_0065.asp KashFlow announces seamless integration with Forbes Accounts, the only accountancy software developer to have iXBRL recognition from HMRC March 30th, London, KashFlow announced today that its cloud accounting software, which is rapidly building market share at the expense of more traditional software products, now integrates to Forbes Accounts, the only accounts production system to produce iXBRL accounts recognised by HMRC. http://www.kashflow.co.uk/pressrelease_0064.asp