Name: Reckon One
Brand: Reckon One
Price: 24 AUD
Availability: OnlineOnly

Overview

Reckon One is australian-built cloud accounting with flat-rate payroll. Founded in 1987 and headquartered in North Sydney, NSW, Australia, it serves Australian businesses with local data hosting and AU-based support.

Australian-built cloud accounting with flat-rate payroll

AU Compliance Scores

BAS Lodgement

3/5

STP Phase 2

5/5

Payday Super

5/5

Modern Awards

2/5

GST Handling

5/5

Bank Feeds

4/5

Modern Awards NoteBasic Modern Award support via Pay Templates with classifications linked to employee agreements. Does not offer automatic award interpretation or penalty rate calculation like Employment Hero or KeyPay. Employers must manually configure pay rates for their applicable awards.

Pricing (AUD inc. GST)

All prices below are in Australian dollars (GST not included). Pricing verified as of 2026-03-17.

Pros & Cons

Pros

Flat-rate payroll pricing — up to 10 employees for $32/month, not per-employee like Xero or MYOB
Genuinely Australian-built and ASX-listed (RKN) — incorporated 1987, HQ in North Sydney
All data hosted on AWS Sydney with AES-256 encryption — full data sovereignty
Payday Super ready since July 2024 via built-in Beam SuperStream integration
AU-based phone support including weekends (Sat-Sun 9am-4pm) — Xero has no phone support
Modular pricing lets you buy accounting and payroll separately — pay only for what you need
Unlimited users included in all accounting plans at no extra cost
STP Phase 2 compliant since September 2023 with automatic ATO reporting

Cons

Small native app marketplace (36 add-ons) compared to Xero (1,000+) and MYOB (350+)
BAS lodgement to the ATO requires the GovReports add-on — not built directly into the platform like Xero or MYOB
Basic Modern Award support only — manual configuration of pay rates required, no auto-interpretation like Employment Hero or KeyPay
Payroll plans cap at 10 employees — businesses with larger teams need to contact Reckon for custom pricing
Smaller accountant network than Xero — fewer bookkeepers and accountants are Reckon-certified
No multi-currency support — businesses trading internationally will need Xero Comprehensive or MYOB
UI is less polished than Xero — some users find the interface dated compared to competitors

Bank Feed Compatibility

Reckon One supports automatic bank feeds from 100+ Australian financial institutions.

Bank	Feed Type	Status
Commonwealth Bank	Direct	Active
Westpac	Direct	Active
ANZ	Direct	Active
NAB	Direct	Active
Bendigo Bank	Direct	Active
Bank of Queensland	Direct	Active
St George Bank	Direct	Active
Heritage Bank	Direct	Active
Bank of Melbourne	Direct	Active
Suncorp	Open_banking	Active
ING	Open_banking	Active
Macquarie	Open_banking	Active
AMP Bank	Open_banking	Active
ME Bank	Open_banking	Active
Beyond Bank	Open_banking	Active

Who Is Reckon One Best For?

Small Business
Sole Trader
Cost Conscious
Au Owned Preference

Reckon One may not be the best fit for:

Businesses Needing Extensive Integrations
Complex Modern Award Interpretation
International Trading
Large Teams Over 10 Employees

Reckon One Alternatives

If Reckon One doesn’t quite fit your needs, consider these alternatives for Australian businesses:

Xero — Australia's most popular cloud accounting platform. From $35/mo inc. GST.
MYOB — Australia's original business management platform. From $35/mo inc. GST.
QuickBooks Online — Affordable cloud accounting from Intuit with strong global reach. From $33/mo inc. GST.
FreshBooks — Invoicing-first accounting for freelancers and sole traders. From $27/mo inc. GST.
Zoho Books — Affordable cloud accounting with a genuinely free plan. Free plan available.

Migration Guides

Step-by-step switching guides involving Reckon One for Australian businesses.

Hard

How to Switch Payroll Provider Mid-Year

4-8 hours · 7 steps

Moderate

How to Switch from Spreadsheets to Accounting Software

3-6 hours · 8 steps