Reckon Limited / Our history | Reckon

 

Our History

1987

Reckon Limited is founded by Greg Wilkinson.

From the second bedroom of his Rose Bay unit, Greg and Phil Hayman start Reckon Software.

The fledgling company is funded by the $2,000 credit limit on Phil's Visa card and a loan against Greg"s old Commodore.

When Reckon Software Pty Limited opens for business, its only other asset is Phil’s delivery van which is used for door-to-door sales.

Greg's co-worker in London, Steve Rickwood, moves to Sydney and joins the company as an equal partner. Steve stayed with the firm until 2000 but remains a major shareholder.

1993

Reckon republishes and distributes Quicken software under an agreement with Intuit Inc. in the United States.

Quicken Personal is released in Australia.

1994

QuickBooks is launched in Australia.

1998

Reckon introduces its software to Singapore and New Zealand.

Quicken Investment Centre is released in November as the first transactional product of Quicken.com.au.

1999

Insurance Mart is initiated in May.

Quicken.com.au and QuickBroker debut in June.

QuickBooks Multi User is launched enabling multiple-user access to the highly successful small business accounting package.

Listed on the Australian Stock Exchange as Reckon Limited at a premium of 167 percent above the issue price on 19 July.

QuickPOS, software for computerised cash registers with full back office accounting, reporting and business management, is re-launched. Payroll Premier software debuts.

Quicken Business Online, an extensive, aggregated information and resource to help small and medium business run more effectively, is introduced in November.

Quicken.com.au is voted Best Brokerage Site 1999 in Australia by PC World Magazine.

2000

QuickBooks Online Banking is initiated in January. Developed jointly with the Commonwealth Bank of Australia, it is the nation's first business accounting package capable of online banking.

GST is introduced and, thanks to QuickBooks, SMEs are able to easily adapt to the new tax system.

QuickBooks Pro is the clear winner in an RMIT independent research study which analysed accounting software packages for SOHO (small office/ home office) businesses. QuickBooks Pro is also voted Editor’s Choice in PC Magazine Australia in April.

2002

Quick.Broker is named one of Money Magazine’s “Best of the Best” as the cheapest online share trading service in Australia.

Reckon announces a strategic partnership in February with Microsoft Australia and demonstrates the powerful integration between QuickBooks 2002 and Microsoft Office XP.

QuickBooks 2002 is released in March with more than 100 product enhancements. The product advances users four years ahead of previous technology.

Quicken Australia and Microsoft Australia join forces in June to offer Smart Tags Technology, a world first, to SMEs. The technology enables Microsoft Office XP software to instantly extract data from the QuickBooks 2002 data file into a Word, Excel or Email document.

QuickBooks Lite 2002, an entry level accounting package which integrates GST tracking with BAS, debuts in June.

Quicken Personal 2002 wins the APC Editor’s Choice award in July and is described as “powerful and packed with time-saving, real-world features”.

QuickBooks Plus 2002 earns the APC Editor’s Choice status in July and is tagged “With complex functions placing it ahead of MYOB, QuickBooks Plus is nevertheless easy to set up. MYOB may be the market leader but it’s far behind QuickBooks in terms of speed and functionality."

QuickPOS Retailer 2002 is initiated in August. The software, designed in Australia specifically for retailers, integrates the QuickBooks Pro and Point-Of-Sale software products.

CashBook Home and Business 2003, a unique home and business software, is released in September. It offers complete control over GST, PAYG and BAS and other reports needed to meet tax deadlines.

2003

Reckon and Microsoft unveil the latest version of Smart Tags for QuickBooks 2003 in March. The technology allows Microsoft Office XP users to marry information from QuickBooks 2003 with Microsoft Word, Excel and Outlook files.

QuickBooks 2003 is launched in April marking the first time that Australian and US versions of the software are released simultaneously.

QuickBooks Enterprise debuts in Australia in August.

Reckon acquires leading accountancy practice management software house, APS.

APC magazine describes the budgeting feature in QuickBooks Pro as "The best we’ve ever seen in small business accounting software”.

2004

Reckon finalises the acquisition of the Australian, New Zealand and United Kingdom operations of the APS companies from APS Group Limited (NZ) in January.

APS is the world's first practice management solution to achieve Institute of Chartered Accountants in England and Wales (ICAEW) accreditation.

QuickBooks Pro is named winner of the Best Small Business Accounting package in Australian PC User’s Top 100 Products review in September.

2005

QuickBooks Premier is rated as the Swiss Army Knife of small business accounting software by In The Black, formerly known as CPA Magazine.

2006

Reckon purchases the Desktop Super product and customers from the Desktop Partnership in February.

Reckon signs an exclusive distribution agreement in February to deliver Quicken SuperLink to QuickBooks customers.

Reckon acquires the Elite business from Elite Practice Solutions Pty Limited in March.

The QuickBooks range is selected as Top Buy by PC User Magazine in August.

2007

Australian PC User magazine honours QuickBooks as the “Best-Value Small Business Accounting Software” in January.

Reckon buys the Shelco business, technology and customer base from Shelco DataBroker Pty Limited and Shelco Services Pty Limited in March.

Reckon purchases the Intrepid business from Intrepid Internet Solutions Pty Limited in March and the business of its New Zealand distributor, Rafael Technology Pty Ltd.

2008

In January, the Australian Financial Review names Reckon as one of the 20 Stocks to Watch.

The QuickBooks QBi series, widely regarded as a major step change in the way accountants, bookkeepers and business owners operate and interact, is launched in March.

Australian PC User magazine awards the QuickBooks QBi series its prestigious Best Buy award in the publication's May issue, and in the July issue, Best Accounting Software.

Reckon purchases Espreon Limited's Corporate Services and Cost Recovery Businesses in November for $18 million.

2009

Reckon completes the earlier acquisition of two Espreon units in January. These will be integrated into Reckon's Shelco and APS businesses. The company now offers a full line of products and services for the accounting, bookkeeping, legal and professional services sectors.

Australian PC User magazine selects Quicken 2009 personal financial management software as a Best Buy in its February issue.

QuickBooks Hosted brought to you by Reckon first launched.

2010

Australian PC User magazine selects Quicken Personal 2009, personal financial management software, as a Best-Value Personal Finance Program in the magazine's February issue.

New dynamic Company Snapshot tool made available in new release of QuickBooks software in April.

Reckon GovConnect completed conformance testing for the Standard Business Reporting (SBR) enabled BAS lodgement application. Reckon's self-certified application was registered with the Australian government's SBR Program in September.

2011

The QuickBook Hosted premium service, that can be used across multiple platforms, launched in May.

Reckon launches the Reckon Financial Statement Designer (RFSD) as part of the QuickBooks Hosted service in April.

CashBook Online is launched at an event held in July at Reckon's North Sydney head office.

2012

Payment summary lodgement through Reckon GovConnect made available in August