Quickbooks vs Reckon Hosted

Chet
Chet Member Posts: 48 Reckoner Reckoner
in Accounts Hosted

Hi there, just wanting to have some feedback from others in regards to the above 2 accounting software.

I'm currently using Reckon Hosted. Except for the really archaic and boring looking interface, have no major issues with Reckon Hosted. In fact, i love the reporting functionality it has especially where you are able to pull several companies' P&L and Balance Sheet together in 1 excel sheet.


We need to move to a new CRM software which does not support Reckon Hosted. The best they can do is MYOB, Xero and Quickbooks. For personal reasons, i am not inclined towards MYOB and Xero. Which leaves Quickbooks as the next best option to migrate our accounting software to. Given the history between Quickbooks and Reckon Hosted, has anyone had any issues migrating data between the 2? Would it be relatively easy and seamless?


Any one with experience of the 2 software with any words of wisdom?

Comments

  • Tanya Briggs
    Tanya Briggs Accredited Partner Posts: 76 Accredited Partner Accredited Partner

    I'd have a chat to your accountant. We have a couple of clients that use QuickBooks, and it's a nightmare to extract information from when it's time to prepare financial statements and tax returns. We find Xero, MYOB and Reckon Accounts much better. Your accountant's opinion may not be the end all and be all, but it definitely adds to the fee at the end of the year if they use systems that aren't compatible with QuickBooks. I'd switch our clients away from it in a second.

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  • GerryWinter
    GerryWinter Accredited Partner Posts: 1,351 Personal Range Elite Expert Personal Range Expert
    edited June 2022

    They are two totally different types of platforms if you looking at QuickBooks then Reckon One would be the alternative

    Gerry id 6376

    Gerhard Winter

    Ph. 0418907140

    Reckon Store Next Door

    "Always at your Service"

    Email: gwinter0808@gmail.com

  • PhuongDo
    PhuongDo Reckon Developer Partner Posts: 320 Reckon Legend Reckon Legend
    edited June 2022

    QBO cannot compare with Reckon Desktop/Hosted. So another option for you is to stick with Reckon Hosted and hire someone like me to implement the integration between RAH and your CRM :)


    Phuong Do / Reckon Developer Partner

    phuong@cactussoftware.com.au

    https://free.beanwiz.com.au/
    https://www.youtube.com/watch?v=O61SfV2bte8


  • Kris_Williams
    Kris_Williams Member Posts: 3,672 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    I use both, you are unable to backup Quickbooks and download the file, so you are at the mercy of Quickbooks servers to keep your file safe.

    I much prefer Reckon, so much more user friendly

  • Bruce
    Bruce Member Posts: 442 Professional Partner Professional Partner
    https://community.reckon.com/discussion/comment/20629659#Comment_20629659

    Wow, that strikes me as a serious deficiency.

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  • Kris_Williams
    Kris_Williams Member Posts: 3,672 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    I only ever think of my clients and their needs. Much of what I do is free anyway, so definitely not about any fees, more about the usable features

  • Kris_Williams
    Kris_Williams Member Posts: 3,672 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Not a deficiency Bruce just the way it works as cloud based. Depends on what’s important to the individual

  • Bruce
    Bruce Member Posts: 442 Professional Partner Professional Partner

    Kris, I’m very much old school and firmly believe that back ups must be stored completely independently of source data. So be not being able to have back ups held locally would make QB unattractive to me.

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  • GerryWinter
    GerryWinter Accredited Partner Posts: 1,351 Personal Range Elite Expert Personal Range Expert

    This is where Hosted excels

    Gerry id 6376

    Gerhard Winter

    Ph. 0418907140

    Reckon Store Next Door

    "Always at your Service"

    Email: gwinter0808@gmail.com

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  • Kris_Williams
    Kris_Williams Member Posts: 3,672 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    After 22 years I am pretty sure what all of my clients (now friends) think is important.

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  • Chet
    Chet Member Posts: 48 Reckoner Reckoner

    Thank you everyone for your comments which have been truly enlightening and helpful.


    If the equivalent of Quickbooks is ReckonOne, then i say the choice would be to remain with Reckon Hosted.

    I truly love the reporting in Reckon Hosted and it's something i can't find in any other except perhaps MYOB but MYOB makes you close off each financial year which is a pain when it comes to tax compliance which may happen more than a year later and i'm told to move things around which is near impossible.

    Plus the added benefit of running reports for a group of companies which is such a time-saving tool.

    I think it looks like i'm sticking with Reckon Hosted and having to look at API options.


    THANK YOU all once again for your inputs.

    Have a good day!

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  • Chet
    Chet Member Posts: 48 Reckoner Reckoner

    Thanks Zappy, i am comparing to Reckon Hosted not Reckon One. Reckon One is also too basic for our needs.

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  • Dafydd Jones_2659517
    Dafydd Jones_2659517 Member Posts: 7 Reckoner Reckoner

    @Kris_Williams I just had to use QBO at a new job I've started. Whoa not great. Hosted is what I'm used to and I find it so easy. I'm having to use Myob here now and it's ok. After 22 years of Reckon it's challenging but I'm getting better. Yet to have to use Xero.

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  • Kris_Williams
    Kris_Williams Member Posts: 3,672 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Yes @Dafydd Jones i also use QBO for my son and comparing it to Reckon Hosted it has many shortcomings, I get there but not with the same confidence that I have with Reckon. It does get easier when you iron out the quirks

  • Kat001
    Kat001 Member Posts: 17 Reckoner Reckoner

    Hi Chet, how did you go? Did you decide to stay with Reckon Hosted? I'm going through the same process now and considering Quickbooks. I prefer Reckon Hosted but find it getting slow and buggy of late. Some updates are well overdue. After speaking with staff, our only alternative would be Reckon One, which is for smaller businesses and unsuitable for ours.

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