Reckon One Review

Getting Started

Once you have created a Reckon One account and logged in you will arrive at the Dashboard. From the Dashboard, you have access to business information and links to relevant areas of the system.

Help Video Pop-Ups

On each page you visit Reckon will show a pop-up with a video you can play to help you understand how to use each area of the system. If you do not need help you can dismiss the video.

Help Menu

Clicking on the help icon will show you a list of ways you can get help. This includes asking a question in the community forums or getting in contact with Reckon support either through email or directly contact them.

Help Videos

Reckon provide a number of How-to videos to get you started, you will see these on each page you visit while navigating the system but you can always visit the directory to watch them again.

Getting Started Conclusion

Getting started with Reckon One is simple, once you have created your account and logged in you will be able to start using the system. You will need to search the help files or get help from your accountant for more advanced setup requirements.

Bank Accounts

Reckon one has features available so you can create and connect to your bank account. All major financial institutions are supported.

Bank Accounts

For each bank account, there will be a month by month listing. As transaction come in and they are marked off and locked. the icons will update on the months to indicate their current status.

Transactions

Each transaction from your bank account will be shown in the bank account list view including the date, description and amount. This information will be used to help you reconcile your account against the chart of accounts or existing transactions you have already entered into Reckon One.

Bank Accounts Conclusion

Connecting your bank accounts to your Reckon subscription helps to ensure all your transactions are accounted for. The process of reconciling and entering payments can be completed in a single step allowing you to speed up your processes while maintaining accuracy for reporting.

Reconciling Transactions

Reconciling your bank accounts keeps your invoice and bill payments up to date and helps you to make sure all the transactions going through your bank account are correct. Once you have correctly reconciled your transactions you can be confident that your reporting will be accurate.

Reconcile Statement Lines

Reckon will look for matches in your existing transactions to make the reconciliation process simpler or you can also manually reconcile the rows.

Complete and Lock Months

When you have imported and reconciled all the transactions in your account for a month it can be locked. Locking the month ensures that no transactions can be entered for that month in the future, this is important to maintain the accuracy of reporting.

Reconciling Conclusion

Reconciling is a great a way to review your bank account transactions and keep on top payments. Reckon can connect to your bank account or you can manually import transactions too. Complete and lock months to prevent future changes.

Invoices & Income

In the Invoices area, you can keep track of the sales you have made. When entering invoices you will enter a contact name and due date. This will allow you to keep up to date with who owes you what and when it is due.

List of Invoices

The list view of your Invoices shows you the transaction date, number, contact, due date, amount and balance due. The status will give you a quick glance at the current state of the invoices you have outstanding.

Create New Invoice

When creating a new Invoice you will enter a contact, invoice date, due date and specific details about the items you have sold. The items on the invoice include information such as price, account, a description, quantity sold, any discounts and the tax code to be applied.

Email Invoices

You can send completed invoices to customers, simply address the email and double check the subject and email content. The invoice will be attached to the email you send for your customer to review.

Enter Payment on an Invoice

When your customer has made a payment on an invoice you can enter the payment details including date, bank account, amount and a reference. Entering payment details against an invoice keeps its current status up to date and allows you to follow up late or non paying customers.

Invoices & Income Conclusion

Entering your invoices into Reckon One will allow you to keep on top of the sales you have made, who has paid you and whos payments are overdue. With the ability to email invoices to customers the process from creation to completion is simple.

Bills & Expenses

In the bills and expenses area, you can keep track of all your outgoings. Entering bills and providing a due date will allow you to get an idea of how much you owe, to who and when you need to pay.

List of Bills

The list of bills will show you information including bill date, number, contact, when its due, current status, amount and balance due. The tabs at the top of the list allow you to filter the results show all your bills or only unpaid, overdue or paid bills.

Create New Bill

When creating a new bill you will enter a supplier, date, due date and information about each item you purchased. Specific details about the purchase can be entered including the price, the items categorisation in the Chart of Accounts, a description, quantity, any discount and a tax code. Once completed the bill will be tracked in the Bills area.

Enter a Payment on a Bill

Once you have made a payment on a bill you can enter it against the bill in Reckon. You can enter the date of payment, bank account, amount and a reference. Entering payments as you make them will help you keep on top of your bills and make reconciling simpler.

Bills & Expenses Conclusion

Entering your bills in Reckon allows you to keep track of how much money you owe, to who you owe it and when it is due to be paid. This will allow you to better manage your cashflow to ensure you pay your bills on time.

Reporting

Reckon includes many reports enabling you to review your business performance. From the reports dashboard, you are able to select from a list of categories that will display available reports.

Settings

Clicking on the setting icon in the top right corner will direct you to a dashboard with links to settings for different parts of the system. Customising the settings in Reckon One allows you to set up the system in a way that is suitable for your business.

Settings Dashboard

From the Settings dashboard, you can access settings relating to reports, invoices, emails, users, roles and tax. Adjusting the settings to suit your business will ensure the workflow in Reckon One is suitable for your processes.

Business Settings

Within the General settings area of Reckon One you can edit Book Settings which allows you to change business setting such as the date you started using Reckon, a lock date, email addresses and other preferences.

Settings Conclusion

Reckon allows you to enter many custom details so you can set up the system to suit your business. As your business grows and changes you can update the settings to remain relevant to your business.

Permissions

Reckon has a flexible permissions system that allows you to customise roles to suit your businesses specific needs. When you first start on Reckon One you will find 4 default roles you can assign users to.

User Roles

When you add a new role, after entering a name and description of the role you can select and tick boxes for the different tasks that can be performed by that role. This allows you to have user roles that can perform very specific to more general tasks.

Permissions Conclusion

Setting up user roles allows you to control the access users will have in your system. As your business needs change you can create new user roles to suit the positions of your business and employees.

Support

Reckon offer support 7 days a week during common business hours. Support is available online through how-to articles or the community forum, alternatively, you can email or call through to support also.

Reckon One Support

Reckon Phone support is available on 1300 756 663, 7 days a week between the hours of 9:00 am and 5:00 pm (or 4:00 pm on Weekends) AEST. For non-urgent issues, you can email support at reckonone@reckon.com

Support Conclusion

You can contact Reckon a number of ways to get support. Whether by phone, email or community help for Reckon One is never far away.

Pricing

Reckon has many pricing options available. When signing up to Reckon One you can choose the modules you want, while not paying for the ones you don’t need. Often a module will also have a number of levels you can subscribe to depending on your needs.

Reckon One Pricing

The base module for Reckon One begins at $5.00 per month. The base module is compulsory, you can then add additional modules at different levels depending on your needs.

Add-0n Pricing

Available modules include Invoices and Bills, Time Tracking, Projects and Importing Bank Transactions.

Pricing Conclusion

Reckon One’s add-on pricing is designed to give you flexibility of the modules you subscribe to so you only pay for what you need. You can mix and match from the add-ons to build a package that suits your business.

Reckon One Review Conclusion

Reckon One has the tools to manage your business, from day to day activities such as banking, sales and bills to business and tax reporting. If you think Reckon One might be the right fit for your business sign up and try it out. With customisable options and user roles Reckon One can be set up to meet your needs.