Introducing Quick Coding for Reckon One!

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  • Updated 3 months ago


We’re excited to announce a much anticipated update to the Reckon One BankData module - quick coding!
This new feature will make the bank reconciliation process much faster, so you can focus your time on other areas of your business.

INTRODUCING QUICK CODING
Quick coding provides a grid view of your transactions, allowing you to categorise transactions in a matter of seconds all through the one banking screen. Developed based on customer feedback, this new feature will make it much faster to code transactions in bulk.

Quick coding has launched as beta functionality, meaning it's an optional alternative to the existing transaction coding functionality within Reckon One.
LEARN MORE ABOUT QUICK CODING




COMING SOON - BANK RECONCILIATION LAYOUT UPGRADE
Following on from quick coding, we're also developing a new bank reconciliation layout that includes a real-time reconciliation summary to help easily identify discrepancies and balance your Reckon One account and bank statements even quicker.

We are aiming to launch the new bank reconciliation layout in October. Stay tuned for more information and user guides closer to the launch date.

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Rav, Community Manager

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Posted 3 months ago

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ERIN

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Hi just to clarify the benefits of the quick coding, what circumstances do you use this function?, does it take away the make payment function or bill payment?, from what i have seen and think, it is the data drawn from our bank accounts from the bank feeds, so rather than enetering in transactions through the make payment feild or bill payment filled do we just add our account, gst details and contact details through this area instead, where do the transactions go once youve coded them to be reconciled?
thanks
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Rav, Community Manager

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Hi Erin,
While quick coding is currently in beta release, yes it currently utilises the transactions from your bank feed and pulls them through to assign coding in bulk to streamline the process from the previous approach. Its still in beta release so we're looking for user feedback on what works or needs improvement so we can build further.

Once transactions have been coded, they will appear in the Reconciled tab in Reckon One as normal. 
(Edited)
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ERIN

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so am i right in saying that we no longer need to use the make payment function ?

when you say its in BETA release if useing it will our data save to our books correctly or is it still in trial?
(Edited)
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Shisir, Employee

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Hi Erin,

Sorry for the confusion. You are correct in saying that you do not have to do make payment transactions any more, if, that payment is a standalone payment and not for the existing bills.

This is because, the payment you record via Quick Coding, will only record as a new transaction, more like making payment to your fuel purchase or grocery run (for which you have not entered a bill in the book). You will not be able to apply this payment to the existing bills in order to mark that bills as paid.

Please note this is the early beta release and more functionality like allocating payments to the bills are on the horizon.

For your 2nd query, although it is in Beta, the transactions you enter via this will still be recorded in the book.

Regards

Shisir
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Dylan Wedel

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Hi mate,
I opened the Quick Coding (BETA) tab in the Reckon One Software and it has modified all of my already inputted transactions for that month: it has deleted all information I've input and changes I've made to totals etc.
Are you able to assist me in reversing this unwanted change?
I did not accept for any of this to happen and have lost information that I spent hours inputting into the software.
All affected transactions show a modification in the "View History" table for the same time.
Cheers,
Dylan
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Rav, Community Manager

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Hi Dylan,
I can see that our Support team have escalated your query to our Reckon One team for further investigation. We'll get back to you on this as soon as possible. Apologies for the delay.