Reckon One is almost done

Reckon One, Reckon's pure cloud accounting system is getting close to release.

Reckon managing director Pete Sanders told iTWire that since the announcement of Reckon One last May the company has received lots of feedback from its partners and decided it was important to incorporate that into the cloud accounting system before it is released. The beta has been updated 15 times, and changes are now being made on a weekly schedule, he said.

Reckon One uniquely allows users to use as many or as few modules as they need, he said. The core system starts at $5 a month, and additional modules cost as little as $3 a month.

The initial range of modules will be BankData (automatic feeds of bank transactions), Invoices, and Projects. The Projects module had been prioritised because of its importance to the many tradespeople among Reckon's customer base.

Time Billing will be added soon after the initial release, with GovConnect, Inventory, and Payroll under development.

Add-on modules will be priced on a 'small, medium, large' basis according to the number of transactions per month. For example, BankData will cost $3 a month for up to 100 transactions, $5 for up to 250, and $7 for up to 500.

It will even be possible to 'dial down' the usage level to zero, for example if a sole trader takes an extended holiday. Data stored in Reckon One will be stored for seven years (in line with reporting requirements) even if customers stop paying.

Mr Sanders also noted the "great response" to the Reckon One mobile app. It is "functionally rich," he said, in an apparent jibe at MYOB's recently released Windows 8.1 app that just provides read-only access to the data.

The Reckon app provides users with an opportunity to get some useful work done during short periods of downtime. One example he suggested was that someone arriving a few minutes early for a meeting could easily reconcile the latest bank transactions.

For those yet to be convinced about moving their accounts to the cloud (though it does seem many accountants favour this approach), Mr Sanders said "we're still committed to the [Reckon Accounts] desktop software."


Did you know: Key business communication services may not work on the NBN?

Would your office survive without a phone, fax or email?

Avoid disruption and despair for your business.

Learn the NBN tricks and traps with your FREE 10-page NBN Business Survival Guide

The NBN Business Survival Guide answers your key questions:

· When can I get NBN?
· Will my business phones work?
· Will fax & EFTPOS be affected?
· How much will NBN cost?
· When should I start preparing?


Stephen Withers

joomla visitors

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.