Reckon bookkeeping services is a well-known, highly reputable suite of bookkeeping and accounting software that makes report generation a breeze and keeps you up-to-date with the financial status of your business at any time. Offering a robust cloud-based software solution, Reckon allows you to provide secure online access to your business’s financial records to anyone you choose.
That’s why combining Reckon accounting software with outsourced bookkeeping services makes so much sense. Read on to find out how outsourcing your bookkeeping and using Reckons cloud-based software can assist your business’s cash flow.
The Benefits of Reckon for Bookkeeping
No Upfront Expenses
Gone are the days when setting up a full professional suite of accounting software for your business meant an enormous upfront expense, sometimes into the thousands. Today, getting set up with Reckon bookkeeping software is simple, hassle-free, and – perhaps most importantly – does not require an upfront payment.
Reckon software starts from just $5 per month with no setup fees. From there, you can add additional modules for an extra $2-3 per month depending on your business’s needs. This helps keep software costs down as low as possible since, for example, there is no need to pay for merchant services if your business doesn’t need to accept credit card payments.
Easy Invoice Creation
Invoices are completely customisable within the Reckon software and can be sent on the go from your computer, tablet, or even your phone. Preset tax codes allow for GST and other taxes that may apply to your industry, and discounts and payment terms can be set up in advance or customised for each invoice. Invoice payments are automatically tracked back to Reckon, giving you an up-to-date snapshot of the payment status of every one of your clients at a moment’s notice.
Payroll is a Snap
If you’re managing a team of employees, Reckon makes payroll easy. Fully compliant with the Australian government’s 2018 Single Touch Payroll and PAYG requirements, Reckon easily handles all aspects of employee management including superannuation, various types of leave, wages, and tax compliance. Pay runs can be set up in advance or created on the go.
Simple Bank Reconciliation with Reckon Bookkeeping Services
Reckon’s bank reconciliation features draw all relevant data directly from your online banking, giving you a complete snapshot of all financial transactions on one page. After the one-time initial set up, new credit card and other banking transactions will flow directly from your online banking into the Reckon suite without the need for manual reconciliation.
Generate Reports to Manage Profitability
Report generation is where all your ongoing bookkeeping work really pays off. No matter what type of report you need, Reckon makes it simple. Find out the profitability of your business by client, job, or overall, or create an up-to-the-minute profit and loss report to forecast profitability and cash flow in the future.
Whether you’re applying for a loan, getting ready for your end of financial year tax obligations, or just want an accurate snapshot of the financial health of your business, an appropriate Reckon report can be generated with the touch of a button.
Why You Should Outsource your Reckon Bookkeeping Services
Reckon is a full-service bookkeeping and accounting suite that is completely cloud base. This means that you have the freedom to give secure access to any or all parts of your financial records to other people, including your bookkeeper and accountant. Gone are the days when bookkeepers would have to be physically present in your office to access your financial data. With cloud-based Reckon bookkeeping services software, you can take advantage of the drastically reduced costs associated with outsourced bookkeepers, and have your bookkeeping done offshore at a fraction of the price of an Australian-based bookkeeper.
That’s where Free My Cloud comes in. We work with a dedicated team of professional, university educated bookkeepers based in the Philippines, who are completely up-to-date with Australian accounting and bookkeeping requirements yet don’t charge the exorbitant rates associated with Australian bookkeepers. To find out how Free My Cloud can facilitate outsourced Reckon bookkeeping services for your business, contact us today.
We service all areas including Sydney, Melbourne, Brisbane, Perth and all other Australian towns and cities.