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
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
Features
Total features of Reckon One: 32
Alternatives
MYOB Business
Xero
QuickBooks Desktop Enterprise
Airdesk
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: 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 BusinessReasons for Choosing Reckon One
Mainly PriceSwitched From
MYOB Business- 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.
- 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
- 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.
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
See all software categories found for Reckon One.
