Reckon One Feedback

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  • Updated 4 years ago
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  • (Edited)
you have to be a rocket scientist to work out how to run a supposedly simple accounting program,vis, Reckon one. what is wrong with you people you all live in an ivory tower.
this program makes me feel like an idiot, and just to set the record straight, i am not.
of all the accounting programs i have worked with, this one really suks. and the support is all make believe in a cloud hanging around the ivory tower.
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Jimmy Kass

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Posted 4 years ago

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Qwerty

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Official Response
Hi Jimmy,

The scenario you have mentioned seems pretty straight forward. See if my reply suits your situation.

I have a book setup with the Core module ($5.00 per month) & the Lite Projects module ($3.00 per month).



In this book I have two projects setup, Project 1 & Project 2





I enter a receipt (income) totaling $125.00
* $50.00 of the receipt I have linked to Project 1 & use an income account called 'Miscellaneous Income'
* $75.00 of the receipt I have linked to Project 2 & use an income account called 'Service Income'



I enter a payment (expense) totaling $72.00
* $30.00 of the payment I have linked to Project 1 & use an expense account called 'Miscellaneous Expense'
* $42.00 of the payment I have linked to Project 2 & use an expense account called 'Maintenance Expense'



Now I want to see the Profit & Loss for Project 1 for the current financial year





Now I want to see the Profit & Loss for Project 2 for the current financial year





Now I want to see the Profit & Loss report for both Projects






One thing I haven't yet mentioned is the scenario where you have or want some transactions that aren't linked to any projects.

When you enter receipts (income) or payments (expense), just leave the project field blank/empty.


I enter a payment (expense) totaling $99.00. I use an expense account called 'General Expense' & I leave the project field empty in this transaction.



Now I want to see the Profit & Loss for transactions that aren't linked to any projects for the current financial year





Now I want to see the Profit & Loss report for all transactions in my book regardless if they have projects linked or not






PLEASE NOTE:

One important thing to note is that each book setup in Reckon One should only apply to a single business entity as each book only stores information for a single business entity (i.e. one business name, one business ABN etc...).

Whilst the profit & loss report allows you to report on a project by project basis, other important business reports do not.

For example, tax reports (i.e. GST Summary, Tax code transactions & Activity Statement) cannot be filtered by project. Other financial reports (i.e. Balance sheet & Trial balance) cannot be filtered by project.

So as a general rule only enter transactions into a book that are applicable to the business that is defined in the book.
(Edited)