KashFlow and Absolute Accounting enter a Strategic Alliance

KashFlow has made an announcement of its strategic alliance with Absolute Accounting Software Ltd. This alliance is all set to impact the sector of accounting software in a major way. The product suites that are offered by Absolute Accounting includes the Forbes tax range and the software integrated with KashFlow also provides iXBRL reporting. According to the new legislation supposed to be announced, accounts are to be submitted in an electronic transaction by using the iXBRL format.

Even if the market for such business intelligence applications is dominated by some major players, this alliance can be benefited from the cloud on the basis of its high quality integrated solutions and a competitive price. Absolute Accounting is recognized for iXBRL in the United Kingdom by HMRC and its software solutions are completely suitable for enterprises.

Tim Good, founder of Absolute Accounting, stated that the main objective behind Absolute Accounting is to provide tax advisors and accountants with simplistic software applications to overcome the iXBRL challenge. He also said that KashFlow being the book-keeping front merged with Absolute’s iXBRL accounting package, the solution is very unique and is able to give a user friendly and cost-effective software to enterprises.

CEO and founder, Duane Jackson, KashFlow was of the opinion that the enterprises and accountants opting for KashFlow and Absolute Accounting are sure to be benefited. The integration of these solutions suggests that users are able to monitor the financial positions of their enterprise clients at anytime and also they are well placed to advice the companies.

KashFlow bagged two awards for Software Satisfaction in 2009. It won the small business accounting package of 2009 award and also the web-hosted accounting package of the year. The reliability and simplicity of KashFlow’s solutions has made it well recognized amongst small and medium enterprises.