Cloud accounting program Reckon One was officially released today to businesses after a soft launch to accounting partners in February. Reckon One was a browser-based program similar to Xero except that users could choose and pay only for the parts of the program they needed.
The core module started at $5 a month and included unlimited users and transactions, and extra modules increased the cost.
“Reckon One is ideal for the micro-business owner. Automating financial tasks and having access to business performance data from anywhere on a smartphone will definitely increase their chances of success,” said Pete Sanders, managing director at Reckon’s Business Group.
Three standout features were a customisable dashboard, the ability to record transactions directly from connected bank accounts and a strong mobile app. The mobile app consisted of the core accounting function with invoicing, transaction bank feeds and projects. Time billing, payroll and inventory modules would be added to the app in a later release.
“We’ve had great feedback so far from our customers to the “design by you” concept. There’s no longer a big set of features they need to purchase as part of a package,” Sanders said.
A module optimised for New Zealand with customised tax models and GST calculations would be available by end of June, 2014.
There was a 30 day free trial via Reckon’s website where users could also download the free Reckon app via the Apple App store or Google Play store.