Reckon Limited (RKN.AX) develops and provides cloud-based practice management software solutions primarily for accounting, legal, and allied health professionals. The company offers core products including Reckon One, a cloud accounting platform with features for invoicing, payroll, inventory management, and reporting; Reckon APS, desktop-based practice management software for Australian accounting firms supporting client data handling, tax returns, and compliance; Reckon Elite, tailored practice management for legal professionals covering case tracking, billing, and document management; and Reckon Health, specialized software for allied health practitioners such as physiotherapists and chiropractors, enabling appointment scheduling, billing, and patient records. These solutions are delivered via subscription models, with integrations for payment processing and third-party apps, targeting small to medium-sized practices across Australia, New Zealand, the UK, and the US. Founded in 1991 and headquartered in Sydney, Australia, Reckon operates without major subsidiaries but maintains a focus on SaaS transitions and international expansion.
In recent developments, Reckon completed the acquisition of a minority stake in Storm Technology Group in late 2023 to bolster its Microsoft Dynamics and cloud consulting capabilities, enhancing service offerings for enterprise clients; launched enhanced AI-driven features in Reckon One during 2024 for automated bookkeeping and predictive analytics; and announced a strategic partnership with MYOB in early 2025 to facilitate data migration tools amid Australia's superannuation and tax compliance updates. The company also reported a successful capital raise of AUD 20 million in mid-2024 to fund product development and market penetration in North America. These initiatives reflect Reckon's shift toward integrated cloud ecosystems and AI augmentation, with no significant name changes or reorganizations noted in the past two years.