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New cloud accounting app gives small business more control

Announcement posted by Reckon Limited 15 Apr 2014

Australian software developer Reckon has today announced the official launch of their new online accounting application for small businesses, Reckon One.

The new online accounting solution, specifically built for web, allows users to choose and pay for only the parts of the program they need to use. Reckon One is now available for Australian small businesses to try for free via the Reckon website and it will be available in New Zealand soon.

Pete Sanders, MD of Reckon’s Business Group says the unique design of Reckon One will shift perceptions about how business software can be purchased, designed and used. He says while the modular design sets the program apart, it’s the user-design of Reckon One that gives small businesses, and the professionals who support them, the simplicity they’ve have been crying out for.

“We feel the modular design of Reckon One will change how small businesses view accounting software. There’s no longer a big set of features they need to purchase as part of a package, a user can simply choose the parts of the program they need, we call this designed by you. We feel Reckon One is so simple that small businesses will quickly be able to gain control of their business finances,” says Sanders.

“By being unencumbered by unnecessary features, and having the control to choose only the features they need, small businesses can quickly gain control of their business finances. The user can also switch off features they don’t need, so they’ll only pay for the one’s they use.”

The initial release of Reckon One includes the modules of:

·         Core – necessary module for recording of receipts and payments;

·         Invoicing – for creating invoices;

·         Projects – a project management tool for tracking costs; and

·         Reckon BankData – for receiving transactions directly from connected bank accounts.

The Reckon One Core module starts at $5 a month.

According to Reckon this low entry cost will be especially attractive to micro-business owners seeking to improve how they manage their business. With the cost of entry significantly reduced, in comparison to competing products, a new business can get up and going with the right tools to help them succeed says Sanders.

“Reckon One is ideal for the micro-business owner. Automating financial tasks and having access to business performance data from anywhere on a smartphone will definitely increase their chances of success. The program also has clever budgeting, forecasting and reporting tools.”

Nathan Elcoate, the owner of Axis IT, has been involved in beta testing Reckon One. He says the simplicity and speed of the program are most impressive.

The simplicity of the software is beyond belief. It is so fast to enter, so logical to lookup and retrieve information; and the dashboard is fully functional and informative. I am really looking forward to seeing the ongoing developments with this product,” says Elcoate.

Reckon has plans to quickly grow the functionality of the new cloud accounting app, with payroll and inventory modules already in development, as well as a time and billing module.

“As a company we have never been as excited about a product release as we are about Reckon One. This is unlike anything we’ve created before and the journey so far has been incredible. We are already looking ahead at how the program will evolve,” says Sanders.

Small business owners and anyone interested in trying the new online accounting solution can get started with a 30-day free trial today by visiting www.reckonone.com, once signed up users can also download the free Reckon app via the Apple App store or Google Play store.

Editor’s note: Product images, interviews with Pete Sanders and access to the Reckon One online accounting solution are all available for media representatives by contacting Rebecca Kington.

MEDIA CONTACT:

Rebecca Kington
PR Executive

Ph: (02) 9577 5718 / 0413 359 009
E:
rebecca.kington@reckon.com.au