Reckon One Review: Pros, Cons, Features & Pricing
Reckon One is a cloud-based accounting software designed to help businesses manage their financial processes efficiently. It best serves small to medium-sized enterprises, freelancers, and industries like retail and service-based businesses, offering flexibility and cost-effectiveness.
Reckon One tackles common accounting pain points like bloated software costs, rigid financial systems, and unnecessary feature overload that small to mid-sized businesses often face. In this article, I’ll cover Reckon One's features, pros and cons, use cases, pricing, and more so you can decide if this software helps you achieve your financial management goals.
Reckon One Evaluation Summary
- $5.50/monthly
- Free trial available
Why Trust Our Software Reviews
Reckon One Overview
In my opinion, Reckon One serves as a strong contender in the online accounting software market, especially for small to medium-sized businesses looking for affordability and control. Its modular pricing structure allows users to pay only for what they need, providing significant savings compared to more rigid competitors. It offers a user-friendly interface and efficient customer support. But if you’re a large enterprise, you may want to look at more comprehensive solutions like Xero, MYOB, or QuickBooks.
pros
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Customer support is responsive and helpful when you need assistance.
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The user-friendly interface makes navigation easy for your team.
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You can customize modules to fit your business needs.
cons
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Some users find the initial setup slightly challenging without guidance.
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It may lack some depth for larger enterprises with complex needs.
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Advanced features might not match those of some competitors.
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How We Test & Score Tools
We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.
Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.
Core Functionality (25% of final scoring)
The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.
Standout Features (25% of final scoring)
Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.
We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.
Ease of Use (10% of final scoring)
We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.
Onboarding (10% of final scoring)
We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.
Customer Support (10% of final scoring)
We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base. Tools and companies that provide real-time support score best, while chatbots score worst.
Customer Reviews (10% of final scoring)
Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.
Value for Money (10% of final scoring)
Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.
Core Features
Invoicing
Create and send professional invoices quickly, helping you get paid faster. Use templates to streamline your billing process and keep your cash flow steady.
Expense Tracking
Easily record and categorize your expenses to monitor your spending. This feature helps your team stay on budget and identify potential savings.
Bank Reconciliation
Match your bank transactions with your records effortlessly and in real time across your bank accounts. Save time and reduce errors by automating this crucial task for your business.
Reporting
Generate financial reports to gain insights into your business performance. Customize reports to focus on what matters most to your work.
Budgeting
Set up budgets to plan and control your financial activities. Use this tool to align your spending with your business goals.
Payroll
Manage employee pay runs and compliance with ease. This feature ensures your team gets paid correctly and on time, reducing administrative headaches.
Ease of Use
Reckon One offers a user-friendly interface that makes navigation simple for you and your team. Its intuitive design helps you quickly access essential features like invoicing and expense tracking without a steep learning curve. Customizable dashboards let you tailor your view to what matters most, enhancing your workflow. While some users may find initial setup challenging, the overall experience remains smooth and efficient, making it a solid choice for those seeking straightforward financial management.
Integrations
Reckon One integrates with Humanforce, Happy HR, and Appy Pie to name a few. It also provides an API and connects with third-party integration tools like Zapier.
Reckon One Specs
- 2-Factor Authentication
- Accounts Payable
- Accounts Receivable
- API
- Balance Sheet
- Billing/Invoicing
- BitCoin
- Budgeting
- Calendar Management
- Contact Management
- CRM Integration
- Customer Management
- Dashboard
- Data Export
- Data Import
- Data Visualization
- Expense Tracking
- External Integrations
- Forecasting
- General Account Ledger
- Inventory Tracking
- Multi-Currency
- Multi-User
- Notifications
- P&L
- PayPal
- Payroll
- SAP Integration
- Stripe
- Supplier Management
- Tax Management
