- 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 30+ insightful reports, with additional reports, visual dashboards and scheduled reporting in the Premium plan.
- 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 invoicing and payroll on the go via iOS/Android apps with real-time updates.
- 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.
- Card Payments: Accept payments on invoices via Visa, Mastercard and PayPal.
- 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.
Reckon
Reckon simplifies accounting, payroll, invoicing, and financial management for small to medium businesses.
Updated July 29, 2026
Reckon Overview
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
Pricing
| Plan Name | Price (AUD) | Features Included |
|---|---|---|
| Accounting Plus | A$24 / month | Unlimited users, payments & expenses, GST tracking and BAS, real-time cash flow, budgets, 30+ reports, invoicing with automatic reminders, card payments, bank feeds, timesheets, project management, phone & chat support |
| Accounting Premium | A$46 / month | Everything in Plus, with advanced business reporting: additional reports, visual dashboards, scheduled reporting and multi-entity insights |
Payroll is a separate add-on: Payroll Essentials A$16/month (up to 4 employees), Payroll Plus A$32/month (up to 10) and Payroll Premium A$60/month (unlimited employees). For new customers, both the accounting plans and the payroll add-ons are currently A$1/month for the first 6 months (first Reckon One book only; offer listed until 31 July 2026). All prices are in Australian dollars.
Pricing source: https://www.reckon.com/au/accounting-software/
Pros
| Competitor | Pros of Reckon |
|---|---|
| Xero | Reckon’s Accounting Plus is A$24 a month with unlimited users and no cap on invoices or bills. Xero’s entry plan, Ignite, is A$37 and allows 20 invoices and 5 bills a month, so Grow at A$78 is the honest comparison once you send more than that. |
| QuickBooks Online | QuickBooks Online Simple Start is A$33 a month for one user, and Essentials at A$60 opens it to three. Reckon does not charge per seat, so Accounting Plus covers an owner and a bookkeeper on one subscription, and Accounting Premium at A$46 adds timesheets on top. |
| FreshBooks | FreshBooks bills in US dollars and its Lite plan is US$23 a month for five billable clients, with each extra team member US$11. Reckon prices in Australian dollars, tracks GST for BAS, and includes free data migration and an onboarding session with both accounting plans. |
| Zoho Books | Zoho’s free tier only holds while turnover stays under A$50,000, after which Standard is A$16.50 a month for three users with extra seats at A$3.30 each. Reckon meters nothing per user and keeps payroll in separate modules, starting at A$16 a month for up to four employees. |
| MYOB | MYOB Business Pro is A$70 a month and Business Lite A$315 a year, both charging A$3 per employee per month for payroll. Reckon’s accounting starts at A$24 and its payroll tiers are flat: A$16 for up to four employees, A$32 for up to ten, A$60 for unlimited. |
Cons
| Competitor | Cons of Reckon |
|---|---|
| Xero | Xero keeps climbing past Reckon. Comprehensive at A$107 a month adds multi currency and project tracking for five users, and Ultimate 10 at A$143 adds projects for ten users plus industry benchmarking. Reckon’s top accounting plan is A$46, so the ceiling arrives sooner. |
| QuickBooks Online | QuickBooks Online Plus at A$84 brings inventory tracking and budgeting, and Advanced at A$125 brings 25 users, custom fields and Excel data sync. Reckon’s two plans are built around 30 plus standard reports rather than that kind of depth. |
| FreshBooks | FreshBooks Plus at US$43 includes estimates, proposals, client retainers and a client portal, and its mobile app handles receipt capture and time tracking. Reckon leaves timesheets out of Accounting Plus entirely, so time based billing means the dearer plan or another tool. |
| Zoho Books | Zoho Books sells depth through add ons: document autoscans at A$13.20 per 50 scans a month, expense claims at A$9 per active user, Premium at A$44 for ten users. Reckon has no comparable add on catalogue, so automation beyond invoicing and BAS goes outside the product. |
| MYOB | MYOB AccountRight Plus at A$165 a month includes unlimited payroll at no extra cost, unlimited inventory and priority support. On Reckon, unlimited payroll stays a separate module sitting on top of the accounting subscription. |
Reviews
- Capterra Review (Rating: 4.6/5): Reckon One holds 4.6 out of 5 from 146 reviews. Australian small business users like that it is “easy to use, cost-effective, and does everything needed” and covers the basics, but the same reviewers flag limits: one wrote that “Reporting is fairly basic, and it doesn’t have as many advanced features as some larger accounting packages,” and a June 2026 reviewer who rated it 3 stars said its “bank reconciliation functionality is severely underdeveloped, creating heavy manual workarounds for month-end closing.”
- G2 Review (Rating: 4.8/5): A much smaller G2 sample of 10 reviews averages 4.8 out of 5. A volunteer club treasurer said “the bank feeds are great, and the rules make matching the transactions way easier,” while a payroll user marked down self-service help: “I find the guidance and access to information in Reckon One lacking. When I encounter problems, I often have to call for support instead of being able to find solutions online.”
