About Reckon One
Reckon One is a web-based accounting solution offered by Australian vendor, Reckon. The solution is suitable for cafes, hotel owners, freelancers, accountants, bookkeepers, architects, engineers, real estate firms, non-profits, creative businesses, and other growing organizations. The tool offers various modules including billing and invoicing, bank reconciliation, payroll management, time and expense tracking, and jobs management.
Via the Reckon One dashboard, users can track cash flows in real-time and view the status of payments, receipts and taxes. Businesses can import their bank statements into the solution and then categorize or reconcile bank transactions using a BankData add-on module. Reckon One allows users to create scenarios for business finances, helping to improve forecasting.
Billing and invoicing features help with the tracking and receiving of payments from customers through their Visa, MasterCard, American Express card or PayPal accounts. Users can create invoices and select the preset tax codes within the system to automatically calculate Goods and Services Tax (GST) and other taxes. Discounts and other payment terms are also added to the invoice by selecting the appropriate codes offered by the solution.
Reckon One helps businesses to take strategic decisions by quickly viewing the profitability from each job in real-time. They can also forecast final costs by creating profit and loss reports. The tool offers AES-256 bit encryption and firewalls to ensure data protection. Automatic backups are also created to ensure the security of data.
Pricing starting from:
$10.00/month
- Free Version
- Free Trial
- Subscription
Top 5 alternatives to Reckon One
Key benefits of Reckon One
• Reckon One facilitates expense management by enabling employees to submit their expenses online, and businesses to batch-approve claims before processing the reimbursement through a single interface.
• The solution allows organizations to calculate billable and unbillable hours for analyzing the jobs and customers that are costing them the most.
• Reckon One offers payroll management features that allow businesses to run and save pay reports and calculate staff wages at the end of each cycle.
• Reckon One has native mobile apps for Android and iOS users, allowing them to create invoices, claim expenses and record timings for each job through their smartphone.
• The solution is SuperStream compliant which ensures that the organization is making superannuation contributions electronically for all their employees.
Devices
Business size
Markets
Australia, United Kingdom, New Zealand
Supported Languages
English
Pricing starting from:
$10.00/month
- Free Version
- Free Trial
- Subscription
Top 5 alternatives to Reckon One
Images
Features
Total features of Reckon One: 31
- Account Reconciliation
- Accounting
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Automatic Billing
- Bank Reconciliation
- Billing & Invoicing
- Budgeting/Forecasting
- CPA Firms
- Cash Flow Management
- Compliance Management
- Data Import/Export
- Employee Management
- Expense Claims
- Expense Tracking
- Financial Reporting
- General Ledger
- Inventory Management
- Invoice Management
- Mobile Access
- Nonprofits
- Payroll Management
- Project Accounting
- Project Management
- Purchase Order Management
- Purchasing & Receiving
- Sales Tax Management
- Tax Management
- Third Party Integrations
- Timesheet Management
Alternatives
Xero
QuickBooks Desktop Enterprise
MYOB Business
NetSuite
Reviews
Already have Reckon One?
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Write a Review!- Industry: Marketing & Advertising
- Company size: 11-50 Employees
- Used Daily for 6-12 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Great Accounting Solution for small businesses
Reviewed on 16/03/2020
Pros
I would say affordability then ease of use. Since my business is still growing I had to switch to this product from another one and I haven't regretted. Invoicing has never been easier.
Cons
I am yet to see anything I don't like about this product
- Industry: Civil Engineering
- Company size: Self Employed
- Used Daily for Free Trial
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Likelihood to recommend 6.0 /10
Good software for point-of-sale businesses; less use for consulting
Reviewed on 28/10/2020
I liked Reckon One and would have stayed with it if I could have had a few more features relevant...
I liked Reckon One and would have stayed with it if I could have had a few more features relevant for consulting type businesses.
Pros
Easy to get the hang of even for someone with zero accounting background, like myself. Decent simple, intuitive features (mostly). Great dashboard.
Cons
The feature set is aimed at point-of-sale and online retail type businesses. As a consultant with a micro-business, my accounting needs are not great, but they are more complex than Reckon One could handle. I was going to need to purchase one of the top tier versions of Reckon just to do the few simple extras that I required.
Reasons for Choosing Reckon One
MYOB is expensive and I didn't need the name-brand experience or the ability to automate my accounting with the accountantSwitched From
MYOB BusinessReasons for Switching to Reckon One
Better price, better features, more intuitive, Australian based- Industry: Accounting
- Company size: 2-10 Employees
- Used Daily for 2+ years
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Likelihood to recommend 10.0 /10
Reckon One, a reliable and cost effective software
Reviewed on 09/12/2019
Reckon One has been great for me, if I forget to invoice someone, doesn't matter where I am as long...
Reckon One has been great for me, if I forget to invoice someone, doesn't matter where I am as long as I have internet, I can access my Book.
Pros
I like the how much you can get out of it for the price, compared to others in the market. It is easy to correct errors and has all the reports you need for small business, and has unlimited users. I also love that Reckon One is Australian Owned.
Cons
Some of the functions are aren't quite there, needs an on screen calculator for one.
- Industry: Online Media
- Company size: Self Employed
- Used Weekly for 1+ year
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Straight forward basic bookkeeping at a bargain price!
Reviewed on 19/07/2017
Cost effective simple straight forward accounting software for Australian Businesses. Excellent for...
Cost effective simple straight forward accounting software for Australian Businesses. Excellent for startups.
Pros
Bargain price for a freelance business. Easily integrate with your bank accounts for easy bank reconciliation. Great Dashboard for quick critical information.
Cons
Not many integrations, lack of detailed user guide for setting up extra modules within the software.
- Industry: Computer Software
- Company size: 2-10 Employees
- Used Weekly for 1-5 months
-
Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Great value Financial product for small business
Reviewed on 29/11/2016
I switched from on MYOB to Reckon One. I was a customer of MYOB for over 20 years. Each year they...
I switched from on MYOB to Reckon One. I was a customer of MYOB for over 20 years. Each year they continued to increase the yearly premium. Last year it was over 900.00. For a small business with a few employees, this was just outrageous. After reviewing Reckon one, I found it would do all MYOB was doing for me at 11.00 a month. They even would convert my MYOB file for nothing.
That was it. Decided to change over to Reckon One and have not looked back.
Been running it for a few months. Took a little to get used to but I've Done all the invoicing, has statements, accounting I need. Simply fantastic. Can even give my accountant a special login to do the yearly books.
I'd recommend anyone looking to change over to give it a try.
WILL SAVE YOU A PACKET
Pros
Functionality and price
Cons
Have a little bit of trouble doing bas and super payments
Reckon One FAQs
Below are some frequently asked questions for Reckon One.Q. What type of pricing plans does Reckon One offer?
Reckon One offers the following pricing plans:
- Starting from: $10.00/month
- Pricing model: Subscription
- Free Trial: Available
Get the basics for only $10 per month, then only pay for add-ons.
Q. Who are the typical users of Reckon One?
Reckon One has the following typical customers:
Self Employed, 2-10, 11-50, 51-200, 201-500
Q. What languages does Reckon One support?
Reckon One supports the following languages:
English
Q. Does Reckon One support mobile devices?
Reckon One supports the following devices:
Android (Mobile), iPhone (Mobile), iPad (Mobile)
Q. What other apps does Reckon One integrate with?
Reckon One integrates with the following applications:
AroFlo, Better Clinics, BetterHQ, Braintree, Crystal Payroll, Dext Prepare, GovReports, IODM Essentials, Link4, Mailchimp, PayPal, Pinch, Shopify, Staffology Payroll, Stripe, WooCommerce, Zapier, Zoho CRM
Q. What level of support does Reckon One offer?
Reckon One offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
Related categories
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