Update Reckon Company History

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  • Updated 4 years ago
Dear Reckon Owners,
Having been a user of Intuit's 'In-House Accountant' program prior to 'Quicken's' birth I was interested and a bit confused as to why I am now using and licensed for 'Reckon PP...'  

This prompted me to do some searching. I came across a 7 month old post from 'John G' which explained all. Thanks.

I also came across Reckon's history page but it only goes up to 2012. Perhaps you can update the last 4 years (which might include a reference to the acquisition of the Quicken product?)

regards

Andrew
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Andrew Christie

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Posted 4 years ago

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Andrew

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Well 2012 was when Reckon and Intuit started the 'divorce'. Reckon never made the Quickbooks product, but just licenced it from the USA company Intuit and 'tweaked' it for the local market tax laws etc. There was no real acquisition, Basically Reckon was the wholesaler/tweaker for AU/NZ.

Reckon/Intuit split mean they couldn't use the name anymore but appears they have kept the rights to continue to sell the 'desktop' version, so it was renamed to Reckon Accounts, they also no longer have access to any new code etc. Which is part of the reason I think we don't see any new features flowing into the Reckon Account product myself.

We now see Intuit which is longer linked to Reckon, going head to head in the cloud space with Quickbooks Online product under the old product names, as they are the owners of these names. 

Reckon is focusing on Reckon One, as the future cash cow, but Quickbooks Online has a good head start with its product. So will be a interesting race!

These are my views BTW, I'm sure I'll be corrected in no time at all by Reckon if this isn't correct ;)
(Edited)
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Kay Laws Accredited, Accredited Partner

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yes it is correct Quickbooks Australia amicably parted ways hence the new Branding Reckon, Reckon are investing in developing all products, Desktop, Hosted & Reckon One
Reckon have dates for their current roadshow
http://go.reckon.com/roadshow-au/

Kind Regards
Kay
Reckon Accredited Partner
kay@kmlbookkeeping .com.au

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