Ostendo Continuum is designed to link with Reckon Accounts so you can extend its operational capability as one connected system.

Reckon Add On Ostendo

Reckon Accounting Link

Accounting Link Between Ostendo Continuum and Reckon Accounts

Ostendo Continuum 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 Continuum connects with Reckon Accounts, giving businesses a smooth flow of information between operational activity and financial reporting.

Compatible Reckon Accounts 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.

accounting link connection

The Reckon Accounts interface with Ostendo requires a separate batch process that is done manually. The Reckon Accounts interface uses the Reckon SDK.

How the Reckon Accounting Link Works

Operational Transactions Managed in Ostendo

Ostendo Continuum handles all operational processes—jobs, sales, purchasing, manufacturing, and cost management. It then posts the resulting General Ledger transactions and Supplier Invoices directly into Reckon Accounts using pre-defined mapping rules.

Financial Management in reckon accounts

Reckon Accounts is used for:

  • Financial reporting
  • BAS/GST submissions
  • Bank reconciliations
  • Accounts payable

This division of responsibilities allows each system to do what it does best.

accounts receivable processing

  • Sales invoices are created in Ostendo (from jobs or sales orders).
  • Accounts Receivable journals are automatically posted to Reckon Accounts.
  • Customer payments are processed in Ostendo and posted to Reckon Accounts.

accounts Payable processing

Supplier invoices related to inventory or job costing are entered in Ostendo for three-way matching against purchase orders and receipts. Alternatively, supplier charges can be recorded directly on a job or work order when no purchase order exists (e.g., subcontractor charges).

These invoices are then posted to Reckon Accounts for payment processing. Routine business expenses such as rent, utilities, and administration costs continue to be entered directly into Reckon Accounts.

Supplier Cards

Ostendo Continuum automatically updates supplier card files into Reckon Accounts, keeping both systems aligned without double entry.

Multi-Currency Handling

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 Continuum 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.

Collaboration With Reckon Accounts Partners

We implement and support the Ostendo Reckon Accounts accounting link, but we do not support Reckon Accounts directly. Instead, we collaborate with Reckon Accounts Partners and accountants who specialise in Reckon Accounts to ensure a smooth, professional end-to-end connection.

Reckon Accounts Add-Ons

See Ostendo Continuum in Reckon Accounts Add-ons  Ostendo