Reckon One Pricing, Features, Reviews & Comparison of Alternatives

Reckon One Reviews

Reckon One

Online accounting software for SMBs to analyze finances

5.0/5 (3 reviews)
8,031     2,112

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. Discount 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 cost 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.
www.reckon.com

Reckon One Reviews (3)

Latest reviews

 Super Easy to Use

I am the treasurer for a not-for-profit sports club, so cheap was really important to us, along with only some very basic features. So far I have found Reckon One to be really easy to use and the customer service super, whenever I've become stuck.

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Reviewed 3rd of December, 2016 by Sharon Light

 

 Great value Financial product for small business

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 ...

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Reviewed 29th of November, 2016 by Don Johnston

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Reckon One Screenshots (6)

Reckon One screenshot: Reckon One user dashboardReckon One screenshot: Mobile interface for Android and iOS usersReckon One screenshot: Reporting featuresReckon One screenshot: View budget summary reportsReckon One screenshot: Allows users to reconcile bank transactionsReckon One screenshot: Create and approve online invoices

Specifications

Intended Users
Freelancers, Mid Size Business, Non Profits, Small Business
Devices Supported
Android, iPhone-iPad, Web-based, iPhone, iPad, Mobile Web App
Supported Countries
Australia
Supported Languages
English
Support Options
FAQs, Forum, Knowledge Base, Online Support, Phone Support

Reckon One Pricing

Starting from: $5.00/month
Pricing model: Subscription
Free Trial: Available (No Credit Card required)

Get the basics for only $5 per month, then only pay for add-ons.

Competitors Pricing

Host Analytics EPM Suite

Free Trial: Available (No Credit Card required)

VersAccounts

Starting from: $349.00/month
Pricing model: Subscription

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Key Features of Reckon One

  • Accounts payable
  • Accounts receivable
  • CPA firms
  • Trust accounting
  • Accounting management
  • Account reconciliation
  • Sales tax management
  • Payroll management
  • Spend analysis
  • Purchasing management
  • Activity dashboard
  • Third party integration
  • Claims management
  • Bank reconciliation
  • Expense tracking
  • Expense claims
  • Batch processing
  • Timesheet management
  • Invoice management
  • Billing & invoicing
  • Mobile integration
  • Cash flow statement
  • Budgeting & forecasting
  • Employee management
  • Compliance management
  • Import / export data

Benefits

• 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.

Alternatives to Reckon One

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Sharon Light

Super Easy to Use

03/12/2016

I am the treasurer for a not-for-profit sports club, so cheap was really important to us, along with only some very basic features. So far I have found Reckon One to be really easy to use and the customer service super, whenever I've become stuck.

Pros

easy to use very cost effective

Cons

was told with the bank rec I could pick up payments and apply them - so I ditched that section as I'm not going to reconcile payments to invoices twice.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Monthly

Likelihood to recommend

10/10

Recommendations to others considering Reckon One

Would love it if the webinars were recorded and watchable in my own time, since this is not for my paid job.

Source: Capterra
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Don Johnston

Great value Financial product for small business

29/11/2016

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

9/10

Recommendations to others considering Reckon One

Make the bas generation also generate an auto payment journal. Make integration with tax office super easier.

Source: Capterra
Helpful?   Yes   No
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Pauline Kaluza

Great product and service

29/11/2016

I have used many programs over the years like MYOB, Xero, Sassu, cashflow manager and quickbooks etc but I find Reckon One easy to use, monthly fee is very affordable, flexible to what your business requires, their training is very infromative, great trainers and not over the top in price and their service is extremely good. They are constantly upgrading and introducing more add on programs, I wouldn't recommend any other program for my clients only Reckon One.

Pros

User friendly and affordable

Cons

nothing at this stage

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
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