Ostendo Operations is designed to integrate with Reckon Accounts so you can extend its operational capability as one integrated system.
Reckon Accounting Link
Ostendo Operations is one of the few systems that integrates with both Reckon Accounts Desktop and Reckon Accounts Hosted. Reckon Accounts was formerly known as Reckon QuickBooks.
Reckon was once Intuit's Distributor of QuickBooks in Australia and New Zealand, but in 2014, Reckon's relationship with Intuit Inc. ended and they could no longer use the QuickBooks brand. Reckon purchased a branch of the QuickBooks source code and rebranded the product as Reckon Accounts Desktop.
Ostendo Operations links with the Reckon range accounting products for both the Desktop and Hosted versions.
- Reckon Accounts Accounting
- Reckon Accounts Premier
- Reckon Accounts Enterprise
Reckon Accounts Desktop and Reckon Accounts Hosted are installed as a software application on your computer. The Desktop version database is installed on premise only, whereas the Hosted version is accessed online with the database being hosted in the cloud. The Reckon Accounts Desktop and Reckon Accounts Hosted databases can be backed up on your server.
The Reckon Accounts interface with Ostendo requires a separate batch process to post that is done manually. The Reckon Accounts interface uses the Reckon SDK.
How the Reckon Accounts Accounting Link Works
Ostendo Operations performs all of the operational functions of the system and posts General Ledger transactions to Reckon Accounts based on mapping rules that are setup. Reckon Accounts is used for financial reporting, BAS/GST returns, bank reconciliations accounts receivable and accounts payable.
Sales invoices are raised in Ostendo Operations for jobs or sales orders and general ledger transactions are posted to Reckon Accounts. Payments for sales invoices are entered in Ostendo Operations which posts to the bank reconciliation in Reckon Accounts.
Supplier invoices for inventory or job costing are entered in Ostendo Operations for three way matching with the purchase receipt and the purchase order. Alternatively, they can be entered directly against a job or work order if there is no purchase order, such as for job disbursements. Supplier invoices are posted to Reckon Accounts where they are paid. Normal expenses, such as electricity or rent, are entered directly into Reckon Accounts.
Supplier records are automatically updated from Ostendo Operations to Reckon Accounts.
The accounting link with Reckon Accounts is not able to support multi-currency with Ostendo Operations because of limitations with the Reckon SDK. However, Ostendo Operations is able to transact purchases and sales in foreign currency and convert to local currency when posting to Reckon Accounts. This is not viable for businesses that use foreign currency bank accounts.
We do not implement or support Reckon Accounts, but we collaborate with Reckon Accounts Partners and accountants who provide those services.