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Reckon (company)

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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.[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 and 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 selling software packages designed in the UK to the Australian market.[6]

In 1993 Reckon commenced republishing and distributing Quicken software products under a licensing agreement with Intuit.[7]

The release of the 2013 versions of their accounting software was accompanied by a name change following Intuit's use of the QuickBooks brand for its own cloud-based accounting system, now sold to Australian customers. The Australian versions of the Quicken personal finance products were renamed Reckon Accounts Personal in late 2012.[8]

Reckon's 2015 profits dropped 14%. The Australian[9] reports a 5% market share as part of the top three online accounting software providers.

References

  1. ^ "Reckon Limited - Retail". Ibisworld.com.au. 2014-12-31. Retrieved 2015-08-12.
  2. ^ "Share Price & Information". ASX. 2014-11-05. Retrieved 2015-08-12.
  3. ^ Shannon Williams (2015-03-11). "bizEDGE NZ - Will Reckon's cloud solution kill Xero?". Bizedge.co.nz. Retrieved 2015-08-12.
  4. ^ "Reckon Products". Amable.com.au. Retrieved 2015-08-12.
  5. ^ "Reckon founder Greg Wilkinson takes a tablet". Brw.com.au. Retrieved 2015-08-12.
  6. ^ "Greg Wilkinson - founder, Reckon Software". Anthill Online. Retrieved 2015-08-12.
  7. ^ "APS Solutions". Newsletters.aps-advance.com. Retrieved 2015-08-12.
  8. ^ James, Daniel (2013-04-02). "QuickBooks: It's now called Reckon Accounts 2013". BIT. Retrieved 2015-08-12.
  9. ^ "2015 Results". The Australian (Newspaper). 2016-02-16. Retrieved 2016-10-05.
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