After formally severing ties with Intuit in 2014, Reckon Elite is one of Reckon’s own proprietary accounting software lines. Reckon Elite is comprehensive accounting software for accountants large and small.
Reckon Elite caters to more than 4,300 users across Australia. Reckon Elite mostly serves the small and medium-sized tax and accounting firms. It has been designed in such way to provide sophisticated, cost effective, yet customised practice management solution to its users by allowing accountants to pick modules from ‘Elite Packs.’
This particular software requires a total migration time of 1-2 hours and it has a 30 days trial period with full functionality. The latest version of Reckon Elite is 220.127.116.11 and this was released on in 2014. As for the updates and version upgrades, the necessary modifications are done in accordance with the ATO requirements.
Since the upgrade of the latest version of Reckon Elite, linking one tax return with another; for example, linking spouse/beneficiary details and preparation of losses schedule, rental schedule, depreciation schedule and capital schedule has visibly improved. Furthermore, when it comes to offset calculations, it is now possible to get the accurate amount to the proper labels based on the input data provided.
Customer support is available by phone, email as well as remote support. We have found their team is responsive and helpful in terms of solving issues. Reckon Elite is convenient; it is considered more user- friendly as compared with Handi Tax, MYOB AE, Soft Assistant or Practice Manager (WFM).
The Reckon range of accounting software remains a reputable tax, compliance and practice management solution.