Reckon One

reckonone.com
Accounting Software
Few Days

Accounting Software Perfect for Small Businesses

How to Replace Reckon One

Overview

Reckon One is cloud-based accounting software designed specifically for Australian small businesses. It provides comprehensive features for managing invoicing, payroll, expenses, bank reconciliation, and cash flow reporting. The software includes built-in payroll compliance with ATO requirements and is accessible from any device with an internet connection.

Features

34 features across 18 categories

Accessibility(1)

Mobile Access

Access accounting and payroll from any device - mobile or web with automatic sync across devices

Also in: Justinmind, Justworks, Notion

Bank Integration(1)

Open Banking Integration

Securely connect bank accounts using Open Banking or direct feeds

Also in: Dext

Bank Reconciliation(2)

Automatic Bank Feeds

Connect bank account and automatically receive transactions with secure bank feeds for faster reconciliation

Bank Reconciliation

Match payments, automate transaction categorisation, and reduce manual data entry

Customer Support(1)

Phone and Chat Support

Technical phone support Monday-Friday 8:30am-7pm and Saturday-Sunday 9am-4pm, plus chat support

Data Management(1)

Free Data Migration

Free migration service to move data from existing accounting system with 1 year of historical data plus year-to-date

Also in: monday.com, Notion, Airtable

Expenses(2)

Employee Expense Claims

Allow employees to create their own expense claims with customisable templates and approval process

Expense Tracking

Track, manage and store business expenses with ability to attach receipts and mark expenses as billable

Financial Planning(1)

Budget Management

Create budgets to manage finances, track and review budget progress, and compare budgets vs actuals year on year

Financial Reporting(3)

50+ Financial Reports

Track finances with easy report templates including profit and loss and balance sheets

Advanced Reporting

Additional reports available with data visualisations, automated and scheduled reporting, and multi-entity reporting

Real-time Cash Flow Monitoring

Monitor accounting and cash flow with real-time reports and customisable dashboard

Also in: Maxio, Maxio, LawPay

Invoicing & Billing(3)

Automatic Invoice Reminders

Send automated invoice reminders via email triggered before, on or after due date with multiple outstanding invoices consolidated

Online Invoicing

Create and send unlimited professional online invoices with recurring invoice templates and payment reminders

Unlimited Invoices and Bills

Create and send unlimited invoices and bills, convert quotes to invoices in seconds with personalisation options

Mobile App(3)

Reckon Invoices App

Mobile app to manage invoices on the go, send and track invoices with automatic sync across devices

Reckon Mate - Employee App

Free employee-facing mobile app where employees can add personal, banking, tax and super details, check payslips, leave balance and payment summaries

Reckon Payroll App

Mobile app to manage payroll from anywhere with updates syncing across devices

Payments(1)

Online Card Payments

Accept card payments via Stripe including Visa, Mastercard, Amex, Google Pay and Apple Pay

Payroll(5)

Email Payslips

Batch email payslips to all employees with customisable email template and history tracking

Leave and Entitlements Management

Track leave and entitlements with automatic calculation of leave balances for employees

Pay Templates

Manage templates that can be applied to one or multiple employees to support consistency and accuracy in payroll

Payroll Management

Manage pay runs, leave, super and Single Touch Payroll (STP) with ATO compliance

Superannuation Management

Calculate, lodge and pay super directly in Reckon Payroll with SuperStream compliance and support for multiple funds

Project Management(1)

Project Management

Unlimited project tracking with ability to assign invoices, time and bills to projects and track profitability

Security(3)

Australian Data Storage

Sensitive accounting data stored in Australia under Australian law on AWS servers

Automatic Backups and Updates

Automatic backups ensure data safety and always on latest cutting-edge software version

Bank-level Security

Data encrypted and protected with bank-level security and 7-year data retention

Tax Compliance(2)

GST Tracking and BAS Management

Calculate GST throughout the year and easily prepare BAS statement

Single Touch Payroll (STP)

STP Phase 2 compliant, ATO approved provider to send STP reports directly to the ATO

Team Collaboration(2)

Accountant/Bookkeeper Access

Share access with accountant or bookkeeper to help manage business in real-time

Unlimited Users

Add as many admin users to account with unique permissions and login details

Timesheets(1)

Timesheet Tracking

Create timesheets for employees, clients or projects with approval workflow and ability to create pay runs from timesheet entries

Training & Onboarding(1)

Free Onboarding Session

One-on-one session with product expert to help get started with overview, invoicing, employees, and bank account linking

Pricing

Accounting Starter

$1/month (first 3 months, then standard pricing)
  • Basic accounting
  • Bank reconciliation
  • Invoicing

Accounting Plus

Popular
$24/month + $120/year
  • Create budgets
  • Track GST and manage BAS
  • Send unlimited invoices
  • Cash flow reporting
  • Create and send bills
  • 35+ financial reports
  • Automatic bank connection
  • Free onboarding session
  • Free phone support

Payroll (Up to 4 employees)

$16/month
  • Manage payroll for up to 4 employees
  • Manage wages, salaries
  • Set up pay schedules
  • Automatically calculate PAYG
  • Track leave and entitlements
  • Manage pay items
  • 30+ insightful reports
  • Track timesheets
  • Process pay runs

Payroll (Up to 10 employees)

Contact for pricing
  • Manage payroll for up to 10 employees
  • Manage wages, salaries
  • Set up pay schedules
  • Automatically calculate PAYG
  • Track leave and entitlements
  • Manage pay items
  • 30+ insightful reports
  • Track timesheets
  • Process pay runs

Cost Calculator

Keep Paying Reckon One

Monthly$1/mo
Yearly$12/yr
5-Year Total$60

Build It Yourself

Est. Build Time~4 hrs
Hosting$20/mo
DifficultyEasy

Total Cost Comparison

1 Year
SaaS
$12
DIY
$240
3 Years
SaaS
$36
DIY
$720
5 Years
SaaS
$60
DIY
$1.2k

DIY hosting estimate based on Vercel + Supabase free/pro tiers (~$20/mo). Build time estimated from 34 features at easy complexity.

Build vs Buy

Should you build a Reckon One alternative or buy the subscription? Estimate based on 34 features.

Buy Reckon One

Better Value
Monthly cost$10/mo
3-year total$360
Time to deployDays

Build Your Own

Development cost$24,000
Maintenance$360/mo
3-year total$36,960
Dev time~2 months

Buying Reckon One saves ~$36,600 over 3 years vs building.

Estimates based on 34 features and a BuildScore of 4/5. Actual costs vary.

Integrations

3 known integrations

Open BankingStripeThird-party App Marketplace