QuickBooks, hosted by Reckon Online
QuickBooks, hosted by Reckon Online is an online version of Quicken’s QuickBooks Enterprise desktop accounting software and is hosted from two data centres operated by the licensee for Quicken in Australia. It is not related to the five cloud versions of Quicken available in the US.
QuickBooks, hosted by Reckon Online is the only online version of QuickBooks available in Australia. Reckon Online is an arm of Reckon Limited, a company listed on the Australian Stock Exchange which owns the Australian licensee of Quicken software, Quicken Australia.
Because QuickBooks, hosted by Reckon Online is the hosted QuickBooks Enterprise desktop version, users can buy QuickBooks Enterprise for their laptop and download the company file for working offline.
Reckon Online has integrated QuickBooks with tools that let it access information on remote hard drives and print reports to local or remotely networked printers. Payslips, invoices and remittance advices can be emailed directly from a linked email address.
Other Australia-only features include real-time BAS lodgement through Reckon GovConnect, which pre-fills your lodgement form with data direct form the Australian Taxation Office. Users receive real-time feedback and lodgement confirmation. QuickBooks “hosted” also has a tool to calculate payments for paid parental leave, in compliance with the Federal Government scheme.
Business performance can be monitored by using a customisable company snapshot tool. Customisable fields and graphs allow you to design a ‘snapshot’ that presents the most significant information that impacts business decisions, down to transaction, customer or supplier details.
Activity-based settings control which areas of the software a user has access to based on their role. The data file is backed up daily, and updates occur automatically to keep the software in line with changes to legislation.
Another security feature is an audit trail to help a business’ accountant identify trouble spots and mis-postings within the accounts.
QuickBooks “hosted” has detailed inventory management that can track expenses, inventory and component levels for assembled products. Payroll management includes the ability to create and schedule payments, email pay slips to employees, and split pay into multiple bank accounts.
QuickBooks “hosted” can work with multiple currencies and has multi-company reporting which combines reports from subsidiaries, divisions or branches.
Reckon Online charges $295 a year for every PC user. Mac users pay $415 a year, a 40 percent premium, which covers the cost of special software (a virtualisation tool by Citrix) that Reckon requires to display the hosted QuickBooks on a Mac computer or mobile device.