Last month Reckon let slip new delivery dates for its accounting software which it hopes will bring it back from the brink. In June last year the company said it would release a raft of improvements to its cloud, hosted and desktop programs within six months.
The revised delivery dates look to be fairly realistic and based on quantified effort rather than an optimistic guess.
Reckon Accounts – Desktop Update
The first release will be a 2015 version of the flagship desktop program Reckon Accounts which became available on 1 April.
There are three major enhancements in this version; compliance with the government mandated SuperStream, the ability to customise supplier remittance advices and the long awaited bank rules. Reckon Accounts has for some time been the only SME accounting software not to provide bank rules so this is a welcome addition.
Reckon Accounts can now create a rule directly from a transaction.
Reckon has repeatedly stated its commitment to its desktop product and early advice was given of the 2016 release. It may include multi-location inventory, a feature that has been requested year on year for as long as I can remember. It will be released first in the hosted product and then desktop.
Reckon One – Cloud Update
Reckon One was originally announced back in May 2013 when Reckon hosted a series of high profile roadshows. However, the announcement turned out to be distinctly premature, as we waited until February 2014 when there was a soft release of the product.
It has wallowed in the doldrums ever since due to limited functionality compared to other products in the marketplace. A major limiting factor is that it was built using the Microsoft Silverlight platform.
The new release of Reckon One is in HTML5 which will provide much needed flexibility. It will be shown at the 2015 national road show with availability before the new financial year. If not there will be some faces as red as the Reckon logo.
The migration to the new platform will be a significant technical leap forward.
Payroll has long been identified as a significant gap in Reckon One and has been on the radar for some time. It will not make the May release but is expected to be available soon after the new financial year. The goal is to deliver a reasonably robust module that manages awards.
Once payroll has been delivered, Reckon One should be competing directly with MYOB Essentials which has an optional Payroll module. Neither products have multi-currency, ABA files or inventory although Reckon is expecting to deliver both inventory and multi-currency in 2016.
Reckon One does have projects and also user roles – both not present in MYOB Essentials.
The future certainly looks rosier than it has for some time.
A version of this article was first published on Cloud Accounting Buzz.