Online version of personal accounting

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  • Updated 3 weeks ago
Hi.  I am a long term user of Reckon Personal Accounts and am due to upgrade shortly.  I was wondering if there is a personal version of Reckon One.  Or more importantly an online version of the personal range.

I would prefer an online version as these days I use multiple machines include several laptops, an android tablet and an iphone.

I have seen plenty of packages by others but would prefer to stay with the Reckon brand and migrate my old data.

Also, while I am at it, can anyone help me with a different issue which is setting my budget to be fortnightly.

Regards
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Davin Slade

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Posted 3 years ago

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Kevin Russell, Accredited Partner

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Are you referring to Reckon Petsonal? Then the answer is no
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Davin Slade

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Yes I was referring to Reckon Personal.  That is a pity.  Thanks for the feedback.
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Rav, Community Manager

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Hi Davin,

Not as yet but I believe we may look at introducing some of the functionality from the Personal Range into Reckon One for users to take advantage of the benefits the cloud platform provides, this is however much more on the longer term in terms of timeframe.
(Edited)
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Allan Hamblin

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There must be a way to access your desktop QB from other machines/places if you were to leave it running. What about a home server - would that work / be necessary?  
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Kevin Russell, Accredited Partner

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Allan theres plenty of ways yes.
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Allan Hamblin

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Care to elaborate. Which do you suggest?
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Kevin Russell, Accredited Partner

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Not here I wont. I dont want to get into trouble. Email me kevin@zappy.com.au
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Kevin Russell, Accredited Partner

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Delighted to be of assistance. Its what I do. Im still using Quicken 2004 for my stuff. Kevin t:0407744914
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Jason Hollis, Head of Product

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Hi David, 

We can migrate data from Personal Desktop to Reckon One. However we need to understand what functionality you require, so please email Rav our community manager at community@reckon.com Attention Jason Hollis; include your contact details and I'll get in touch with you regarding options.  
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kym smith

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Any idea about the internet? Is it because I am still on WinXP and Internet Explorer8? Can I instruct the program to use Chrome as it's default browser?
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Kevin Russell, Accredited Partner

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Did you look at the minimum system requirements?
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kym smith

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In the past, PP worked in WinXP in compatibility mode on my virtual machine. Obviously this year they weren't 'joking' about Win7/8/10. I will need to upgrade. Thanks.
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Johnathon Reeves

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Hi Jason Hollis - me again - six months on.  Any news or updates for a cloud based personal platform that tracks share & property portfolios?  Not having this functionality is leading me to consider an alternate option.  While this may not be a great loss (one personal account) it does mean I will move my four companies also.  
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Johnathon Reeves

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Hi Jason Hollis - me again - six months on.  Any news or updates for a cloud based personal platform that tracks share & property portfolios?  Not having this functionality is leading me to consider an alternate option.  While this may not be a great loss (one personal account) it does mean I will move my four companies also.  
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Jason Hollis, Head of Product

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Hi Jonathon,

We concluded our user research in July and 3 things became clear. Any 'new' personal solution must:
  • Be mobile device ready (phone / tablet).
  • Have live bank feeds.
  • Have an integrated share register.
Current Reckon Personal customers I personally interviewed by in large preferred to stay desktop, however those that did want a cloud / mobile solution all wanted data migrated from Reckon Personal / Home & Business if given the option.

So what have we done so far (as some of the answers above we already suspected)....

Mobile:
  • This year we have built a mobile development team from scratch and in late May 2019 they released our first product in the new suite, Reckon Single Touch Payroll (STP). See HERE for more details. 
  • The next app will be due in early 2020.
  • We will continue to work through the current Reckon One modules until we reach CORE (what is needed for personal finance) however this is likely to be over a year away at least. 
Bank feeds:
  • This a critical to the offering, however unlike some current personal finance apps our customers told us they wanted their data feeds direct from the banks and not via "screen scraping" (where you need to provide your online banking login details to a service provider).
    This was not possible for ALL banks (well it was possible with the agreement of the particular financial institution which isn't mandatory to provide) until the Consumer Data Rights extended to banking. This was due to go live for the majority of "Big 4" accounts on July 1 of this year. This was then extended to Feb 2020 (see https://treasury.gov.au/consumer-data-right for full details and timelines). 
  • The good news... we have been working on open banking for the last few months and we will be in a position to provide these direct feeds via open banking APIs when each data feed comes online.
Share register:
  • It is unlikely we will build our own register with some very good online offerings already available. We will therefore likely partner with an existing vendor and those discussions are ongoing. Unfortunately finding the right fit for our customers, and Reckon, has not been as easy as we would have liked. 
Data migration:

Also refer to the above question from Tony C.
I would like to migrate data from Reckon Personal Accounts.  Can I?
At this time, we can import customers, suppliers, categories (chart of accounts) and opening balances but not transactional data. We also agree that re-keying is not optimal, so we have designed an export from Personal to aid in the migration when we get to this project. 

As you can see there are lots of moving parts, and whilst we know this is important to some users, we want to build the right products at the right time to cater for as many current customers as possible across our entire product range (which is substantial), but also new customers who work in different ways to that of 15-20 years ago. 

So in summary, there is a plan, it is in motion as you can see, and that plan includes a personal product. However it is important to note the delivery timeline of each specific product and service may not suit everyone, and we have to be ok with that in order to deliver on our development strategy. 


Kind regards,
Jason
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Johnathon Reeves

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HI Jason, I really appreciated the reply. 

I can also appreciate the significant number of moving parts.  I also write this as a Reckon user and loyalist from before the spit.  

As an aside, moving my business to Reckon One from H&B was a nightmare with no real data migration other than Reckon charging by the line (and mucking nearly every one of them up) - it was a real issue.      

I assume the reckon personal customers you personally interviewed who wanted to stay on desktop were telling porkies or were cherry picked.  Even my 87 yr old granddad wants a cloud option.     

STP? I use the web version for my businesses. Not sure why you would make that the first stop for a mobile app.  Given the process is anything but single touch - how many business are paying wages on their mobiles.  I'd suggest that may be more gimmick than genuine app. 

Yes, open banking will make data access easier.    However - you already have the ability for bank feeds in One etc.  While they are less than ideal it is still an option.  And to be brutally honest - most Australians would have absolutely no idea about the difference between a live feed and data scraping.  None whatsoever. So again, i think this is another cherry picked sticking point that would apply to a generous 6 people in Australia.  

The complexity comes with the share registry / tracking assets which is tricky.  But surely as you point out an agreement and integration with an existing player should be easy enough for Reckon to manage.  

Actually - while on this - is there a move to get any sort of inventory management / asset tracking in One?  That would be handy for businesses also!!

It seems to me that there isn't much of a plan at all - just crafted excuses as to why Reckon doesn't have a cloud based personal program (share registry or otherwise).  

I may even be so bold as to suggest given Reckon is still struggling to get a cloud based product out in 2019 shows either they have completely dropped the ball or couldn't care less.  

I wonder.