POS, time tracking coming to Reckon

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POS, time tracking coming to Reckon

The cloud accounting software provider is beefing up its portfolio with purchases of point-of-sale and time-tracking systems.

Reckon has closed deals with Pose and MicroManager that give the cloud accounting provider perpetual rights to the source codes for their POS and time-tracking systems.

The company expects to make its own-brand version of these products available sometime in the first half of this year, with full integration with Reckon One.

Pose (pictured above) works with any computer or tablet, including via a native iPad app. In addition to the basic POS functions (cash or card), it supports customer loyalty schemes, gift cards, inventory, employee attendance and performance, and reporting.

MicroManager is designed for anyone that charges by the hour and works for multiple locations. It captures travel, phone calls (Android only) and time spent on-site from the user's smartphone, and provides a stopwatch-like function for tracking work in the office.

Reckon thinks it will be particularly valuable for accountants.

"Accountants bill by the hour, so every minute spent on administrative tasks equates to potential billable hours loss," said Reckon CEO Clive Rabie. "As workforces become more mobile, we are also seeing a growing demand from professionals to capture time on the move. This is especially so with the millennials, who have become so reliant on their smart phones, that soon the lines between work and personal devices will likely cease to exist.

"Reckon works with the top 200 accounting firms in Australia, and they all want to be more mobile, agile and flexible," he added. "The reality is there are now more people working from anywhere and on any device, so an app like this is really going to assist with how the Australian workforce is shifting and evolving."

At this stage there is no indication of how much the POS and time-tracking products will cost, but Reckon One comes at a very competitive price. For reference, Pose charges $49 (presumably $US) a month for the first register plus $19 for each additional register, while MicroManager's paid plans range from $30 a month (presumably $NZ) for one user plus an administrator (probably an accountant or bookkeeper) to $525 for 30 users.

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