Cloud accounting company Kashoo has announced surpassing a pair of major milestones: more than 100,000 registered users and more than 50,000 iPad app downloads.

News of these milestones, especially with regard to the number of iPad app downloads, comes in the wake of the company’s upgrade to its iPad accounting app last month (read our coverage of that announcement here).

In statements accompanying the announcement, Kashoo CEO Jim Secord suggested that strong sales of the iPad itself should be viewed as a positive for their accounting app. The thinking? More people using iPads = more mobile small businesses using iPads = more mobile small businesses with iPads using Kashoo to handle their accounting needs. Apple sold more than 19 million iPads in the previous (second) quarter, according to this report.

Kashoo is funded by private investment from FBC. FBC is the largest, small business tax preparation and planning company in Canada  Kashoo is based in Vancouver, British Columbia, and demoed its technology in October 2010 as part of FinovateFall. Watch them in action here.