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Reckon One

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Company health

Employee growth
2% increase in the last year
Web traffic
2% decrease in the last quarter
Financing
March 2021 - $17M

Ratings

G2
5.0/5
(2)
Capterra
4.5/5
(96)
TrustPilot
4.7/5
(139)
Glassdoor
4.2/5
(72)

Reckon One description

Reckon One is Australian-developed online accounting software designed for small to medium-sized businesses. It offers various features including accounting, payroll, invoicing, expense management, and time tracking. Users can select from tiered pricing plans based on their needs and company size, paying only for the features they require. Reckon One aims to simplify financial management for businesses with an easy-to-use interface, real-time reporting, and compliance features like Single Touch Payroll.


Who is Reckon One best for

Reckon One is Australian-developed online accounting software ideal for small to medium businesses. Users praise its easy-to-use interface and excellent customer support. While some users mention limitations with bank feeds and payroll for larger teams, many appreciate its affordability and flexible features for invoicing, expenses, and time tracking.

  • Best fit for small to medium-sized businesses.

  • Suitable for a wide range of industries, from retail and hospitality to professional services.


Reckon One features

Supported

Bank reconciliation is supported.

Supported

Reckon One supports time tracking for tasks and projects.

Supported

Reckon One supports recording and tracking financial transactions in a general ledger.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Value and Pricing Transparency

Neutral
-0.08

Customer Service

Strongly positive
+0.86

Ease of Use

Rather positive
+0.4

Reliability and Performance

Neutral
+0.2

Ease of Implementation

Neutral
+0

Reckon One reviews

We've summarised 237 Reckon One reviews (Reckon One Software Advice reviews, Reckon One GetApp reviews, Reckon One TrustPilot reviews, Reckon One Capterra reviews and Reckon One G2 reviews) and summarised the main points below.

Pros of Reckon One
  • Excellent customer and technical support, praised for patience, helpfulness, and knowledge.
  • Easy-to-use interface, especially for invoicing, accounting, and basic bookkeeping.
  • Cost-effective pricing, especially for small businesses and solo operators.
  • Flexible software with modular options for different business needs.
  • Reliable software with real-time updates and multi-user access.
Cons of Reckon One
  • Bank data feed transactions linking on receive money needs improvement; receiving in journal format is not ideal.
  • The 'project' section on invoicing templates cannot be removed, causing extra processing time.
  • Payroll system struggles with over 100 staff, requiring external systems and manual journals.
  • Limited reporting features within the project module, making it difficult to find incorrect transactions.
  • Reckon One's online customer portal for STP has issues with deleting wrongly imported files.

Reckon One pricing

The commentary is based on 25 reviews from Reckon One Capterra reviews and Reckon One TrustPilot reviews.

Reckon One is generally considered affordable, especially for small businesses, with some users highlighting its cost-effectiveness compared to competitors like Xero and MYOB. However, some reviewers felt the pricing became less attractive with added modules or compared to the value provided. Some users also expressed frustration with price increases and perceived "corporate blackmail" regarding software access.

Users sentiment

Neutral
-0.08

See the Reckon One pricing page.

  • Reckon One has a free trial.

Accounting Plus
$22/month

This plan includes 50+ insightful reports, accepting card payments, connecting to bank accounts, unlimited project management, timesheets, GST tracking, budget creation, unlimited invoices & bills, an invoices companion app, advanced reporting, superannuation calculation, emailing payslips, employee expense claims, an employee-facing app, unlimited employees, free data migration, a free onboarding session, managing Single Touch Payroll, a payroll companion app, and payroll reporting.

Essentials
$11/month

This plan includes 30+ insightful reports, up to 10 employees, and other features.

Payroll Only
$12/month

This plan includes 30+ insightful reports, up to 4 employees, and other features.


Reckon One alternatives

  • Logo of MYOB
    MYOB
    Accounting software streamlining business finances and workflows.
    Read more
  • Logo of TallyPrime
    TallyPrime
    Simplified business management: accounting, inventory, compliance.
    Read more
  • Logo of Giddh
    Giddh
    Smart online accounting simplifies business finances, anywhere.
    Read more
  • Logo of Wave
    Wave
    Free accounting, invoicing, and payments for small businesses.
    Read more
  • Logo of Vyapar
    Vyapar
    Simple accounting and inventory management for growing businesses.
    Read more
  • Logo of AccountsPortal
    AccountsPortal
    Simple online accounting for small businesses; UK tax compliant.
    Read more

Reckon One FAQ

  • What is Reckon One and what does Reckon One do?

    Reckon One is Australian-developed online accounting software for small to medium-sized businesses. It offers accounting, payroll, invoicing, expense management, and time tracking. With tiered pricing plans, businesses pay only for needed features. Reckon One simplifies financial management with an easy-to-use interface and real-time reporting.

  • How does Reckon One integrate with other tools?

    Reckon One integrates with a range of apps, though specific integrations aren't detailed in the provided data. For a comprehensive list, it's recommended to consult Reckon One's resources directly.

  • What the main competitors of Reckon One?

    Reckon One's main competitors include Xero, Cashflow Manager, and MYOB, all offering accounting software solutions for small to medium-sized businesses. These alternatives provide similar features like invoicing, expense tracking, and financial reporting, often with varying pricing structures and target audiences.

  • Is Reckon One legit?

    Yes, Reckon One is a legitimate Australian-developed online accounting software. It's known for its user-friendly interface and cost-effective pricing, especially for small businesses. Reckon One offers features such as invoicing, payroll, and expense management. Positive user reviews frequently cite excellent customer support.

  • How much does Reckon One cost?

    Reckon One's Essentials plan is $11/month, while the Accounting Plus plan costs $22/month. The Payroll Only plan is priced at $12/month. A 30-day free trial is available for users to explore its product pricing and features.

  • Is Reckon One customer service good?

    Reckon One's customer service receives positive feedback. Users frequently praise the support team's helpfulness, patience, and knowledge. While some users experienced difficulty with specific issues, the overall sentiment towards customer service is favorable.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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