Reckon

Reckon simplifies accounting, payroll, invoicing, and financial management for small to medium businesses.

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  • Overview
  • Features
  • Pricing
  • Pros
  • Cons
  • Reviews

Reckon Overview

  • Updated December 14, 2025

Reckon is a comprehensive business accounting software designed for small to medium-sized enterprises. It streamlines financial tasks, including invoicing, payroll, expense tracking, and reporting. With user-friendly features, it helps manage cash flow, tax compliance, and budgeting efficiently.

Reckon offers cloud-based and desktop solutions, enabling businesses to automate processes, gain real-time insights, and improve productivity, making it a trusted tool for financial management and growth.

Key Features

  • Invoicing: Create, customize, and send professional invoices with a “Pay now” button for faster payments.
  • Expense Tracking: Monitor and categorize business expenses, attach receipts, and mark billable items for client invoicing.
  • Bank Reconciliation: Import bank transactions manually or automatically (with BankData module) to match and categorize for accurate records.
  • Payroll Management: Handle pay runs, wages, leave, superannuation, and Single Touch Payroll (STP) compliance for employees.
  • GST & BAS Reporting: Automatically calculate GST, generate Business Activity Statements (BAS), and ensure tax compliance.
    Real-Time Cash Flow Monitoring: View income, expenses, and cash flow instantly via a customizable dashboard.
  • Budgeting: Create budgets, allocate resources, and forecast financial scenarios to plan for business growth.
  • Financial Reporting: Access over 35 insightful reports (50+ in Premium plan) for detailed financial analysis.
  • Time Tracking: Log work hours for tasks or projects, integrating with payroll for accurate billing and wage calculations.
  • Project Management: Track project expenses, time, and progress with unlimited project management in Premium plans.
  • Mobile Access: Manage finances on-the-go via iOS/Android apps with real-time updates and offline functionality.
  • User Permissions: Assign role-based access levels (viewer, editor, admin) to secure sensitive financial data.
  • Recurring Transactions: Automate repetitive tasks like invoicing and payments to improve cash flow management.
  • Multi-Currency Support: Handle transactions in various currencies, ideal for businesses operating globally.
  • API Integration: Connect with CRM, ERP, or e-commerce platforms like PayPal, Shopify, and Zapier for seamless data flow.
  • Customizable Templates: Use tailored invoice, quote, and report templates to maintain consistent branding.
  • Data Import/Export: Migrate data from other accounting software or export for analysis, ensuring smooth transitions.
  • Audit Trail: Maintain detailed records of financial transactions to support audits and ensure compliance.
  • Activity Dashboard: Monitor financial activities and key performance indicators in a centralized hub.
  • Automatic Billing: Set up recurring invoices and payments to reduce manual tasks and improve efficiency.

Price

Plan Name Discounted Price (First 6 Months) Regular Price Features Included
Accounting Plus A$5.50 / month (was A$22) A$22 / month Unlimited users, enter payments & expenses, GST/BAS tracking, real-time cash flow, budgets, 30+ reports, phone & chat support, invoicing & reminders, invoices companion app, accept card payments
Accounting Premium A$10 / month (was A$40) A$40 / month Everything in Plus, plus 50+ reports and more insights for larger businesses

Check Pricing details: https://www.reckon.com/au/accounting-software/#pricing

Pros

Competitor Pros of Reckon
Xero Reckon offers good value because it includes unlimited invoicing at a moderate price and gives a solid set of features, which suits small businesses.
QuickBooks Online Reckon tends to be simpler and more affordable for basic needs, and it offers straightforward training and support without over-complicating the pricing.
FreshBooks Reckon remains a very affordable option for growing businesses that want easy-to-use basics without paying for extra add-ons that quickly raise costs.
Zoho Books Reckon comes with great training and flexible setup, and users often find its customer support more personal—a helpful touch when using a new tool.
MYOB Reckon gives strong value for money and keeps pricing simpler, especially for small businesses that don’t need the more advanced modules MYOB offers.

Cons

Competitor Cons of Reckon
Xero Xero offers more advanced cloud features and smoother bank integration, and it scores higher overall for functionality and modern design.
QuickBooks Online QuickBooks delivers more powerful analytics, cash-flow tools, and automation, which may be important if your business needs deeper financial insights.
FreshBooks FreshBooks gives a cleaner user experience and specializes in easy navigation, especially on mobile. Reckon’s interface feels a bit dated in comparison.
Zoho Books Zoho Books offers stronger automation, more integrations, and tighter control for micro-businesses, and comes with very generous invoicing limits, which Reckon lacks.
MYOB MYOB includes advanced features like payroll, inventory, and job costing that Reckon doesn’t always match, which may matter for mid-sized operations.

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