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

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.

Business size

S M L

Deployment

  • Cloud-based
  • On-premises

Markets

Australia, United Kingdom, New Zealand

Supported Languages

English

Pricing starting from:

$10.00/month

  • Free Version
  • Free Trial
  • Subscription

Images

Reckon One Software - Reckon One user dashboard
Reckon One Software - Mobile interface for Android and iOS users
Reckon One Software - Reporting features
Reckon One Software - View budget summary reports
Reckon One Software - Allows users to reconcile bank transactions
Reckon One Software - Create and approve online invoices
View 7 more
Reckon One video
Reckon One Software - Reckon One user dashboard
Reckon One Software - Mobile interface for Android and iOS users
Reckon One Software - Reporting features
Reckon One Software - View budget summary reports
Reckon One Software - Allows users to reconcile bank transactions
Reckon One Software - Create and approve online invoices

Features

Total features of Reckon One: 32

  • Account Reconciliation
  • Accounting
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Automatic Billing
  • Bank Reconciliation
  • Batch Processing
  • 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

MYOB Business

3.8
#1 Alternative to Reckon One
MYOB Business is accounting software designed to help businesses of any size across Australia and New Zealand take care...

Xero

4.3
#2 Alternative to Reckon One
Xero is a cloud-based small business accounting software with tools for managing invoicing, bank reconciliation,...

QuickBooks Desktop Enterprise

4.5
#3 Alternative to Reckon One
QuickBooks Desktop Enterprise is an accounting software for small businesses which provides users with real-time access...

Airdesk

4.5
#4 Alternative to Reckon One
Airdesk is a centralized workspace with a 360º view of all your services. With it, businesses can manage customers and...

Reviews

Overall rating

4.5 /5
(28)
Value for Money
4.5/5
Features
4.3/5
Ease of Use
4.3/5
Customer Support
4.2/5

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Showing 5 reviews of 28
Erica
Overall rating
  • 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

Peter
Overall rating
  • Industry: Accounting
  • Company size: Self Employed
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

My review of Reckon One

Reviewed on 15/06/2022

My experience with Reckon One has been extremely good.

My experience with Reckon One has been extremely good.

Pros

I found it very easy to use particularly with having bank downloads and the ease of assigning correct income or expenses to each transaction.

Cons

I don't think there was anything about Reckon One that I found very difficult to use.

Alternatives Considered

MYOB Business

Reasons for Choosing Reckon One

Mainly Price

Switched From

MYOB Business
Verified Reviewer
Overall rating
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 0.0 /10

They did try

Reviewed on 11/03/2019

I really wanted Reckon one to shake up the market but all they did was shake up the user. I have...

I really wanted Reckon one to shake up the market but all they did was shake up the user. I have been really disappointed with the performance (or lack of) with Reckon One. Their servers were slow making it painfully slow to try to use this software. I couldn't find repeating invoicing, or several other basics. They were full of hope and promises but just failed to deliver.

Pros

It did look cheap until you add up the cost of each module, then you realise, it's not cheap at all.

Cons

It's very late to market and decades behind the competition. It takes a lot of time and money to compete with the big boys and sadly this isn't something thatReckon One has.

It has very little basic functionality and sadly, very little prospect of developing even the basics, any time soon. It's not nice to use, it's clunky and awkward and just frustrates me.

Rakesh
Overall rating
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Hassel free software

Reviewed on 01/06/2022

Single touch payroll

Single touch payroll

Pros

Service. Any problem they help and fix

Cons

We use STP only and have no problem in the usage

Roland
Overall rating
  • Industry: Business Supplies & Equipment
  • Company size: Self Employed
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 9.0 /10

Reckon works to keep you working.

Reviewed on 03/07/2022

I have never used any of the other programs but there was one that a previous company was using and...

I have never used any of the other programs but there was one that a previous company was using and I could hear the ladies using it and cursing when they came across the things that program couldn't do. When starting this company, my accountant asked if there was any reason I had not to use Reckon. There was not and he loaded me up onto Reckon as he said it is the most forgiving and easiest of all the systems to use. I have had other companies suggest that I should use this or that program. Interestingly, I see they have now moved away from those programs so they were not all they were made out to be.

Pros

I have used Reckon now for 18 years and am just changing over to the new Hosted cloud based system to allow easy access for my external accountant and book-keeper

Cons

Slight lag by being on the cloud. I don't like the way that when I log on, it comes to a page that I need to select 1 or 2 before I get started.

Showing 5 reviews of 28 Read all reviews

Reckon One FAQs

Below are some frequently asked questions for Reckon One.

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.

Reckon One has the following typical customers:

Self Employed, 2-10, 11-50, 51-200, 201-500

Reckon One supports the following languages:

English

Reckon One supports the following devices:

Android (Mobile), iPhone (Mobile), iPad (Mobile)

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

Reckon One offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat

Related categories

See all software categories found for Reckon One.