Reckon has added a module to its online accounting program Reckon One for tracking time and expenses. Reckon One users can track billable and unbillable time and expenses against clients and projects through the Reckon One web app or mobile app.
Time tracked through the module is added to Reckon One in real-time so a business can see the total number of hours billed to a client by several employees up to that minute. Timesheets can be viewed by day, week or month.
“As a time based professional there’s nothing worse than having to come back to your diary and remember ‘What did I do at 830am this morning’,” Pete Sanders, general manager for Reckon’s business division, told Digital First at Reckon’s recent national conference.
Reckon is the first online accounting program to add time and billing. Xero has added similar features to its roadmap, CEO Rod Drury announced at the Australian user conference Xerocon in August. When a Reckon One user prepares an invoice, the time and expenses module pulls the billable time onto a timesheet and the user can decide whether to include it in the total.
The invoice can display a summary of the time billed or a detailed breakdown, depending on what the business wants to show the customer.
Reckon One takes a modular approach to online accounting. Users pay A$5/month for a core set of accounting features such as general ledger and transactions and add other modules as required. The time and expenses module comes in two plans; the Lite plan costs A$3/month for daily and weekly timesheets and expense tracking while the Medium plan (A$5/month) adds time and expense billing per project and job, and an approvals process for expenses.
An upcoming advanced module will add an approvals process for timesheets. Other modules include plans for invoicing and projects. The release also added new reports and groupings such as aged debtors and aged creditors reports.