Reckon is now called Accounts!

Here is a basic summary of what’s changing with the popular Reckon accounting software and what it means for you.

Reckon is about to get a new name, but in theory it shouldn’t mean you need to change what you are doing.

In April this year, the Reckon software changed it’s name to Accounts.  It’s part of a number of changes happening involving Reckon, Quicken, Reckon Online and another company called Intuit.

Here is a summary of what the changes are:

Who is Reckon?

Reckon is the name of the company that for years has been behind the Reckon and Quicken brands in the Australian market.

What if I use Reckon?

Reckon has announced that from April 2013 the Australian Reckon products have been renamed the Accounts business range.

The Reckon web site states “This is a name change only… Reckon will continue to support and develop the Accounts product range for many years to come.”

The CEO of Reckon’s Business Division, Gavin Dixon, said last year:

“Reckon has been localising and developing the Reckon range of products for the Australian and New Zealand markets for many, many years and will continue to do so. In essence, nothing will change except the Reckon name. Reckon will continue to develop, support and enhance the renamed Reckon products as we have always done.”

There is also a separate Reckon Online. It’s a “cloud” product, meaning you access it over the Internet.

If you use the “Personal” product – Quicken?

If this is you, you might already know that the new 2013 version now goes under a different name – Reckon Accounts.

There are different versions:

• Personal 2013 (previously Quicken Personal)
• Personal Plus 2013 (previously Quicken Personal Plus)
• Home & Business 2013 (previously Quicken Home & Business)

A new “cloud” accounting product: Reckon One

Just about every major accounting brand has a “cloud” accounting product now, which let you store and access all your accounting data over the Internet – making it easier to access it anywhere you have a laptop or in some situations, an iPad. This includes a cloud product for Reckon users.

In addition, Reckon has announced they have a new cloud accounting package on the way, called Reckon One, to be unveiled in the middle of 2013.  We will keep you updated on Reckon One when it is launched.

If you have any queries about the change from Reckon to Reckon, please contact ABS here or on 03 5331 3118.  And don’t forget we can help you with all of your accountancy requirements, including BAS preparation.