British small businesses can now, with a single click, pay all of their staff via Paypal thanks to their tie up with Kashflow, the UK’s leading web-based accounting software company.
By loading account details into the software, with the press of a button, Kashflow can pay staff whilst producing accounts which are HMRC recognised.
The fully integrated option on Kashflow is called PayEscape, whereby you simply enter into the website the number of hours your staff have worked and they take care of the rest from producing payslips to sending the accounting data to KashFlow.
Another key benefit is that it automates the accounting of all sales and purchases that a small business makes via Paypal. Totally eliminating hours of data entry. The Kashflow / Paypal package is the first of its kind and means small business owners who run online retail sites or eBay shops will now have an automated and seamless online process for logging sales on their accounting software.
Chairman of KashFlow and former Secretary of State for Trade and Industry Lord Young of Graffham said,
“This is an exciting announcement and there is a great deal of synergy between the two brands, the demonstrated ability to be able to predict and be prepared for future market trends along with the fact that we have both won awards that have been chosen by our users rather than a judging panel. To get the chance to partner with such a globally renowned brand such as PayPal not only demonstrates how far KashFlow has come as a business, but also speaks volumes about the team behind the company and of whom I am immensely proud”.
Cameron McLean, General Manager of Merchant Services, at Paypal comments,
“We are delighted to have partnered with KashFlow who like PayPal, have a strong foothold in the SME market and offer PayPal a great way to reach a significant audience. Enabling small businesses to link directly to PayPal accounts at the click of a button not only offers convenience but helps safeguard against sales data being lost or entered incorrectly due to human error. In addition a number of SMEs that use KashFlow are also PayPal customers saving business a huge amount of time.”
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