The new app, named Reckon One, is now available for Australian small businesses to try for free via the Reckon website.
Pete Sanders, managing director of Reckon’s business group, said he believes the simple and user-friendly 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,” Mr Sanders said.
Reckon One is ideal for the micro-business owner, he added.
"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,” he said.
Nathan Elcoate, owner of Axis IT, has been involved in beta testing Reckon One and said 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 look up and retrieve information, and the dashboard is fully functional and informative. I am really looking forward to seeing the ongoing developments with this product,” said Mr Elcoate.
The initial release of Reckon One includes the following modules:
• 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.
Reckon has plans to quickly grow the functionality of the new cloud-based accounting app, with payroll and inventory modules already in development as well as a time and billing module.