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Kashflow vs 123 Sheets: Which Is Better Accounting Software?


Last Updated: 20 May 2025
Reviewed By: Ian Wright (Managing Director)

Which accounting software is better Kashflow or 123 Sheets?

We compare them based on real user reviews, prices and what features they both offer.

Kashflow homepage123 Sheets homepage
 

Kashflow vs 123 Sheets Basics

Kashflow123 Sheets
Software WebsiteKashflow Website123 Sheets Website
HMRC MTD StatusIn DevelopmentApproved
Who Can Use It?BusinessesAgents and businesses
HMRC Listed FeaturesNoneDigital record keeping, Updates to HMRC for self-employment, Tax estimates from HMRC based on provided updates
PlatformsAndroid, iPhone, web-based application, Windows phoneWeb-based application
Note data for this section comes from HMRC here and here

Kashflow vs 123 Sheets Reviews

Wondering if Kashflow or 123 Sheets has better user reviews. We compared them below.

Kashflow123 Sheets
Trustpilot Rating1.44.8
Number of Trustpilot Reviews1241239
iPhone App Rating1.8No Rating
Number of iPhone Reviews56No Reviews
Android App Rating2.9No Rating
Number of Android Reviews61No Reviews
Please note ratings we’re accurate at the time of writing but may have since changed

Kashflow vs 123 Sheets Prices

Which is cheaper Kashflow or 123 Sheets? Here are their prices compared.

Kashflow pricing123 Sheets pricing

Free Plans & Trials

Kashflow123 Sheets
Free Plan?NoNo
Free Trial?YesNo
Free Trial Length?14 daysNo
Data taken from each company’s website at the time of writing but may have since changed.

Paid Plan Prices

Kashflow123 Sheets
Cheapest Plan Cost Per Month£10.50£1.65
Mid-Tier Plan Cost Per Month£22.00£9.96
Top Plan Cost Per Month£29.00£69.95
Data taken from each company’s website at the time of writing but may have since changed.

Kashflow vs 123 Sheets Features

Kashflow features123 Sheets features

Kashflow Basic Features

  • Send unlimited quotes & 10 invoices
  • Reconcile up to 25 bank transactions
  • Single User
  • Manage and submit VAT online
  • Bank Feeds
  • Get paid faster with KashFlow Payments
  • Free Mobile App
  • Access to over 50 reports
  • Customisable dashboard
  • Manage purchases & expenses
  • Track Mileage
  • Schedule customer statements
  • IRIS Pay
  • Customer Credit Limits

Kashflow Software Integrations

  • Salesforce
  • Zoho
  • Satago
  • Paypal
  • Square
  • Stripe
  • Magento
  • TripCatcher

123 Sheets Basic Features

  • Helping VAT returns run smoothly for MTD
  • Simplifying the MTD process for self employed
  • Simplifying the MTD process for Landlords
  • Simplifying the MTD process for Accountants

123 Sheets Software Integrations

  • Sage
  • Quickbooks

Common Feature Comparison

Kashflow123 Sheets
Payroll Software IntegrationYesNo
Track VATYesYes
VAT FilingYesYes
Real-Time Financial ReportsYesNo
Prepare Self AssessmentYesNo
Income Tax EstimatesYesYes
Manage Income & ExpensesYesYes
Create InvoicesYesNo
Forecast Cash FlowYesNo
Accept and Make Payments In Different CurrenciesYesNo
Employee Time TrackingNoNo
ProjectsNoNo
Bank Feed IntegrationYesNo
End of Year FilingsYesNo
Capture Bills And ReceiptsYesNo
Bulk Reconcile TransactionsYesNo
Track Inventory & Stock LevelsYesNo

Kashflow123 Sheets
Pros
  • User Friendly
  • User Interface
  • Cloud Based
  • Meets Business Needs
  • Pricing
  • Price
  • Easy to use
  • Fast filing and prompt support
  • Submitting VAT returns digitally
  • Excel compatibility
Cons
  • Room for Improvement
  • Difficult to Customize
  • Expensive
  • Missing Features
  • Being logged out too soon and very often
  • VAT return page doesn’t include the period dates
  • Process navigation could be improved
  • Price goes up every year
  • Takes as much time as posting it for free to HMRC

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