Kashoo vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Kashoo
Score 4.9 out of 10
N/A
Kashoo, founded in 2008 and based in Vancouver, offers a simple cloud-based double-entry accounting platform for small businesses. It is mobile-accessible and includes many of the typical features required of accounting platforms, including receipt capture, automated invoicing, tax preparation, financial reports, banking, and expense management features, to name a few. The Solo price plan for individuals running a sole business can be purchased for $5 per month or for $50 per year. The…N/A
Workday Financial Management
Score 8.3 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…N/A
Pricing
KashooWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
KashooWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Features
KashooWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Kashoo
8.5
2 Ratings
19% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration7.02 Ratings8.314 Ratings
Plug-ins10.01 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Kashoo
9.7
3 Ratings
19% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability9.53 Ratings8.720 Ratings
Role-based user permissions10.02 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Kashoo
9.2
4 Ratings
19% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards9.13 Ratings8.423 Ratings
Standard reports9.54 Ratings8.820 Ratings
Custom reports9.02 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Kashoo
8.0
6 Ratings
8% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable8.06 Ratings9.015 Ratings
Accounts receivable8.06 Ratings9.115 Ratings
Cash management8.75 Ratings00 Ratings
Bank reconciliation8.06 Ratings00 Ratings
Expense management9.55 Ratings00 Ratings
Time tracking10.01 Ratings00 Ratings
Multi-currency support8.01 Ratings00 Ratings
Regulations compliance10.01 Ratings00 Ratings
Self-service portal10.01 Ratings00 Ratings
Global Financial Support7.52 Ratings8.516 Ratings
Primary and Secondary Ledgers7.92 Ratings8.716 Ratings
Intercompany Accounting8.01 Ratings00 Ratings
Localizations5.51 Ratings00 Ratings
Journals and Reconciliations7.94 Ratings8.813 Ratings
Enterprise Accounting5.01 Ratings00 Ratings
Configurable Accounting7.01 Ratings8.316 Ratings
Standardized Processes7.13 Ratings8.916 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Kashoo
10.0
2 Ratings
30% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing10.01 Ratings00 Ratings
Order entry10.01 Ratings00 Ratings
Credit card processing10.01 Ratings9.110 Ratings
Cost of goods sold10.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Kashoo
-
Ratings
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation00 Ratings8.418 Ratings
Benefit plan administration00 Ratings8.716 Ratings
Direct deposit files00 Ratings8.316 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Kashoo
-
Ratings
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking00 Ratings9.09 Ratings
Automatic reordering00 Ratings8.69 Ratings
Location management00 Ratings8.68 Ratings
Best Alternatives
KashooWorkday Financial Management
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Acumatica
Acumatica
Score 8.8 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
KashooWorkday Financial Management
Likelihood to Recommend
2.1
(6 ratings)
8.6
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
4.0
(2 ratings)
9.5
(5 ratings)
Support Rating
1.0
(1 ratings)
9.6
(5 ratings)
User Testimonials
KashooWorkday Financial Management
Likelihood to Recommend
Kashoo
Kashoo is well suited if you have the time to learn the system. Because after that, it becomes a breeze. But if you're new to this stuff and don't have an accountant, you may be struggling to understand exactly what you need to do or where you need to click.
Read full review
Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
Read full review
Pros
Kashoo
  • Invoicing - I can create an invoice and email it directly from within Kashoo. When a payment is received, it is simple to enter the transaction and mark it as paid.
  • Projects - I can assign a Project to a transaction. This way I can get a detailed picture of a specific project on which we are working. I can run a P&L report of just that project or the whole company.
  • Reconcile - Reconciling is a snap when you connect the account to the bank online.
  • If you are doing bookkeeping for more than one company, Kashoo has support for that. You can easily switch between companies as needed.
Read full review
Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
Read full review
Cons
Kashoo
  • The UI is not nice at all - even with a UI refresh, it still didn't look that great
  • The UX is rough as well - it's not as easy to use until you get used to it - high learning curve
Read full review
Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
Read full review
Usability
Kashoo
Kashoo is by far the most intuitive and easy to use accounting/bookkeeping solution I've tried, and after using it for several years I'm pleased that it delivers a consistent experience. No surprises, it just works. I don't want to spend any more time than I have to attend to bookkeeping, and Kashoo allows me to do just that.
Read full review
Workday
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
Read full review
Support Rating
Kashoo
They were not helpful in resolving my issue on the change to my lifetime deal, and I am not happy with their support. They didn't care at all
Read full review
Workday
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
Read full review
Alternatives Considered
Kashoo
No yearly license fees with Kashoo lifetime plan and it includes a mobile app and mobile integration with the desktop version. I can do everything I need to do in Kashoo so there is no need for bloated old Quickbooks
Read full review
Workday
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
Read full review
Return on Investment
Kashoo
  • Kashoo has allowed us to manage our finances in a simple way
  • Helps us figure out if we are making money or losing it
  • Affordable than some other accounting tools
Read full review
Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
Read full review
ScreenShots