Reckon One

Reckon One is the cloud accounting product of Reckon Limited, an ASX-listed vendor from North Sydney that started out in 1987 distributing QuickBooks in Australia. It covers invoicing, including recurring invoices, bank feeds through Open Banking or direct feeds, card payments through Stripe, GST and BAS lodgement, budgets and more than 30 reports. Higher plans add timesheets, project tracking, advanced reporting and inventory. Payroll is compliant with Single Touch Payroll and Payday Super, and is sold either as a separate tier or bundled into the top plan. It suits Australian sole traders and small businesses that want cheaper books than Xero or MYOB and local phone and chat support seven days a week. Pricing is a flat monthly subscription per business, not per user, and every plan allows unlimited users. In AUD including GST, the list prices are 24 for Accounting Plus, 46 for Premium and 85 for Ultimate, which includes unlimited payroll and inventory. Payroll on its own is priced by headcount: Essentials covers up to 4 employees, Plus up to 10, and Premium is unlimited. Reckon often runs deep introductory discounts. A 30-day trial is available and there is no minimum term. Third-party apps come through the Reckon Add-on Marketplace and an API. The main limitation is a much smaller app ecosystem than Xero or MYOB. Reviewers also report that the help content is confusing, some payroll screens are awkward and the product has no offline mode. Reckon One is also built for Australian rules, so it is a poor fit outside Australia.