Best Of

In Reckon Accounts Desktop and Hosted, you can save a backup copy and restore it if something goes wrong. This makes it easy to go back to a point where everything was working fine.

Reckon One doesn’t have anything like this at the moment. Having a way to save backups or create restore points would be really useful, especially if a big mistake is made. It could save a lot of time and effort fixing things.

Even though Reckon One doesn’t use files like Reckon Accounts, having some kind of backup or save point area would be a useful feature.

Currently we can Duplicate an invoice or a bill - great! But could we please also have the ability to duplicate a Receive Money or Make A Payment transaction too? Thank you!

When processing bank transactions and allocating detailed bank payments, I would like the ability to save attachments in the screen. The current message says "This payment needs to be saved before you can attach documents." which I understand as the attachment needs a payment number to reference against however when you click save, the screen closes and you do not have the opportunity to attach documentation.

Fixed Assets is not just about acquiring the asset and listing it on the Balance Sheet. Each year depreciation is charged and the written down value needs to be tracked for the next year's depreciation charge. At the end of the life of the asset it may be sold which will have implications for Profit & Loss. Also, as a major asset with a long life span, other information will be important for the management of the asset.

Currently Reckon One Fixed Assets allow for the same configuration as other Chart of Account categories. Fixed Assets category should be expanded to contain generally required information for asset management.

Basic Information includes:
Asset Name
Acquisition Date
All up Cost - Purchase + other initialization costs
Serial Number
Location
Expected Life
Depreciation Method

Further information that may be valuable, depending on the nature and size of the business is:
Asset Description
Purchase description - New/Old
Supplier
PO Number
Warrantees
Depreciation Schedule - Date, Amount, Written down Value
Disposal - Date, Price, P/L on written down value
Notes

An advanced feature would be an Asset Register where all Assets can be listed in one spot with added information, such as:
Maintenance Schedule
Maintenance Costs
Repair Costs
Asset Groups - collect low priced assets and depreciate as one item.

Creation of the Fixed Asset Item should also give an option to create a series of sub-accounts that are generally used:
Equipment (header account)
At Cost (subaccount)
Depreciation (subaccount)

Sometimes, we have to write descriptions of various scope of works in estimate. Currently there is no provision in current template for estimates.

It would be good to emulate what is available in the new invoice experience where it allows you to add text-only rows.