Founded 1987 | Parent organization Reckon | |
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Stock price RKN (ASX) A$ 1.70 -0.02 (-1.34%)24 Mar, 3:47 PM GMT+11 - Disclaimer Headquarters New South Wales, Australia Subsidiaries Reckon, Cost Recovery Corporation Profiles | ||
Reckon is an Australian software company that provides desktop and cloud-based accounting software for accountants, bookkeepers, small to medium businesses, and personal users. The company has offices in Australia, New Zealand, the United Kingdom, and the United States. Reckon is listed on the Australian Securities Exchange. Reckon has over 600,000 businesses using its software across Australia and New Zealand.
Reckon Limited was founded by Greg Wilkinson in 1987 and was its Chief Executive Officer until 2006. Funded initially with the $2,000 dollar credit limit on a friend’s credit card, Greg Wilkinson started selling software packages designed in the UK to the Australian market.
In 1993 Reckon commenced republishing and distributing Quicken software products under a licensing agreement with Intuit.
The release of the 2013 versions of their accounting software was accompanied by a name change following Intuit's use of the QuickBooks brand for its own cloud-based accounting system, now sold to Australian customers. The Australian versions of the Quicken personal finance products were renamed Reckon Accounts Personal in late 2012.
Reckon's 2015 profits dropped 14%. The Australian reports a 5% market share as part of the top three online accounting software providers.