Company type | Public |
---|---|
ASX: RKN | |
Industry | Information Technology |
Founded | 1987 |
Founder | Greg Wilkinson |
Headquarters | North Sydney , Australia |
Key people | Sam Allert, CEO |
Products | Accounting software |
Number of employees | 300 |
Website |
www |
Reckon is an Australian software company that provides desktop and cloud-based accounting software for accountants, bookkeepers, small to medium businesses, and personal users. The company has offices in Australia, New Zealand, the United Kingdom, and the United States. [1] Reckon is listed on the Australian Securities Exchange with a market cap of A$138,000,000. [2] Reckon has over 600,000 businesses using its software across Australia and New Zealand. [3] [4]
Reckon Limited was founded by Greg Wilkinson in 1987, who was its chief executive officer until 2006. [5] Funded initially with the $2,000 dollar credit limit on a friend's credit card, Greg Wilkinson started republishing and distributing Quicken & QuickBooks software products in Australia under a licensing agreement with Intuit. [6] For over 25 years, Reckon managed the marketing, distribution and development of these products.
In 2012, Intuit announced the decision to take back the QuickBooks & Quicken name, release a cloud accounting program called QuickBooks Online and start selling it in Australia. Reckon continues to sell QuickBooks desktop accounting software under its own brand, Reckon Accounts. [7] The Australian version of the Quicken personal finance products were renamed Reckon Accounts Personal in late 2012. [8]
In 2013, Reckon launched a cloud accounting program called Reckon One. [9]
In August 2017, Reckon completed the demerger of its Document Management division into a new London-based company called GetBusy. [10] [11] In November 2017, MYOB announced it would acquire Reckon's Accountants Group for A$180 million. [12] However, in June 2018, MYOB terminated the deal due to the regulatory processes taking longer than anticipated. [13]
Since then Reckon has gone on to add many products to its business ecosystem including Reckon Cloud POS, a cloud-based point-of-sale system, [14] Reckon Loans for business financing [15] and an allied health practice management software called Better Clinics. [16] In May 2019, Reckon launched the Reckon Single Touch Payroll App to address ATO legislation for payroll reporting. [17] The app accumulated over 30,000 downloads in 4 months making it one of Reckon's most popular products to date. [18]
Reckon includes APS, an accounting practice management software that's used by 70% of the countries top accounting practices, and three of the Big Four accountancy firms. [19]
In May 2022, Reckon agreed to sell its Reckon Accountants Group to UK-based Access Group for A$100 million. The deal included Reckon's APS and Reckon Elite software. [20] The acquisition was completed in August 2022. [21]
Company type | Public |
---|---|
ASX: RKN | |
Industry | Information Technology |
Founded | 1987 |
Founder | Greg Wilkinson |
Headquarters | North Sydney , Australia |
Key people | Sam Allert, CEO |
Products | Accounting software |
Number of employees | 300 |
Website |
www |
Reckon is an Australian software company that provides desktop and cloud-based accounting software for accountants, bookkeepers, small to medium businesses, and personal users. The company has offices in Australia, New Zealand, the United Kingdom, and the United States. [1] Reckon is listed on the Australian Securities Exchange with a market cap of A$138,000,000. [2] Reckon has over 600,000 businesses using its software across Australia and New Zealand. [3] [4]
Reckon Limited was founded by Greg Wilkinson in 1987, who was its chief executive officer until 2006. [5] Funded initially with the $2,000 dollar credit limit on a friend's credit card, Greg Wilkinson started republishing and distributing Quicken & QuickBooks software products in Australia under a licensing agreement with Intuit. [6] For over 25 years, Reckon managed the marketing, distribution and development of these products.
In 2012, Intuit announced the decision to take back the QuickBooks & Quicken name, release a cloud accounting program called QuickBooks Online and start selling it in Australia. Reckon continues to sell QuickBooks desktop accounting software under its own brand, Reckon Accounts. [7] The Australian version of the Quicken personal finance products were renamed Reckon Accounts Personal in late 2012. [8]
In 2013, Reckon launched a cloud accounting program called Reckon One. [9]
In August 2017, Reckon completed the demerger of its Document Management division into a new London-based company called GetBusy. [10] [11] In November 2017, MYOB announced it would acquire Reckon's Accountants Group for A$180 million. [12] However, in June 2018, MYOB terminated the deal due to the regulatory processes taking longer than anticipated. [13]
Since then Reckon has gone on to add many products to its business ecosystem including Reckon Cloud POS, a cloud-based point-of-sale system, [14] Reckon Loans for business financing [15] and an allied health practice management software called Better Clinics. [16] In May 2019, Reckon launched the Reckon Single Touch Payroll App to address ATO legislation for payroll reporting. [17] The app accumulated over 30,000 downloads in 4 months making it one of Reckon's most popular products to date. [18]
Reckon includes APS, an accounting practice management software that's used by 70% of the countries top accounting practices, and three of the Big Four accountancy firms. [19]
In May 2022, Reckon agreed to sell its Reckon Accountants Group to UK-based Access Group for A$100 million. The deal included Reckon's APS and Reckon Elite software. [20] The acquisition was completed in August 2022. [21]