Franchise accounting software that accelerates your growth
Monitor finances, streamline accounting and manage financial performance with franchise accounting software built for growing franchise businesses.
Cleaning
Retail
Food & beverage
Health & wellness
Cash flow reporting
30+ financial reports
Monitor jobs & profiability
Franchise management software with cash flow reporting
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Franchise businesses have recurring costs such as franchise fees, ongoing royalties, loan repayments and overheads. Keeping track of these costs and other financial obligations is essential for making informed decisions and planning for growth. Reckon’s franchise accounting software features a customisable dashboard that gives business owners real-time visibility of their financial position. Track income and expenses, understand your finances and make better-informed decisions about the financial future of your franchise. |
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Powerful financial reporting for franchise growth
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KPIs hold the key to franchise success. Reckon franchise accounting software provides 30+ reports to help franchise owners understand performance, manage accounts payable, monitor costs and meet their financial reporting obligations. Franchisees can use accurate accounting records to track gross sales, expenses and other KPIs required under their franchise agreement, while maintaining the consistent reporting practices often expected by a franchisor or head office. |
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Track jobs and timesheets
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In a busy franchise business, it can be difficult to find time to sit behind a computer and manage accounting and payroll. With Reckon One, franchise owners can break down individual jobs to understand profitability, manage expenses, monitor revenue and keep business costs under control. You can also manage timesheets and track time spent across jobs with accuracy, helping you understand project costs, monitor profitability and stay focused on running your franchise business. |
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Franchise management software with cash flow reporting
Franchise businesses are continuously recurring in costs like franchise fees, loan repayments, overheads and salaries and wages that can make it challenging for decision making.
Reckon’s franchise accounting software has a customisable dashboard that provides real-time insights at a glance, so you’ll always know the financial position of the business.
Powerful financial reporting for franchise growth
KPIs hold the key to franchise success. Reckon franchise accounting software has over 30+ reports available to understand performance, have control of accounts payable and contribute to decision making.
You can also integrate our dedicated accounting system Reckon Insights to track and compare multiple entities – perfect for financial reporting.
Track jobs and timesheets
In the franchise business, it’s hard to find the time to sit behind a computer screen and do your payroll. With our accounting system, you can easily break down each individual job to ascertain profitability, manage expenses and keep an eye on revenue.
You can also keep an eye on your payroll needs, manage timesheets and understand your employee’s workloads with accuracy.
“Extensive research was undertaken to find an online commercial package that would suit the needs of our 94 Scout Groups, but would also be cost effective and not break the banks. Enter Reckon One.”
– Jacqui Wall, Branch Commissioner, Finance Support, Scouts SA.
set-up reckon one
Reckon makes reporting and bookkeeping across multiple sites easy
Scouts SA required a standardised method of financial reporting across each Scouts Group, to move away from shoebox accounting and spreadsheets that some groups were still using. Jacqui transitioned all 94 SA Scouts Groups to Reckon One to streamline their auditing processes and move them to an affordable, easy to use, modern accounting platform.
Learn more about Jacqui’s journey with Reckon One here.
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Plans that fit your business needs and your pocket
30-Day free trial
Cancel anytime
Unlimited users
THE BASICS
$6
For the first 6 months, then
just $12/m with code MOCF506M*
was $12
Enter payments and expenses
Track and report GST for BAS
See cash flow in real-time
Create budgets
20+ insightful reports
Share with accountant
Unlimited invoices & bills
1000 bank transactions*
Unlimited employee expenses
Manage projects & jobs
ESSENTIALS
$15.50
For the first 6 months, then
just $31/m with code MOCF506M*
was $31
Enter payments and expenses
Track and report GST for BAS
See cash flow in real-time
Create budgets
20+ insightful reports
Share with accountant
Unlimited invoices & bills
1000 bank transactions*
Unlimited employee expenses
Manage projects & jobs
ESSENTIALS + EXPENSES
$20
For the first 6 months, then
just $40/m with code MOCF506M*
was $40
Enter payments and expenses
Track and report GST for BAS
See cash flow in real-time
Create budgets
20+ insightful reports
Share with accountant
Unlimited invoices & bills
1000 bank transactions*
Unlimited employee expenses
Manage projects & jobs
PREMIUM
$24.50
For the first 6 months, then
just $49/m with code MOCF506M*
was $49
Enter payments and expenses
Track and report GST for BAS
See cash flow in real-time
Create budgets
20+ insightful reports
Share with accountant
Unlimited invoices & bills
1000 bank transactions*
Unlimited employee expenses
Manage projects & jobs
† Transactions that exceed the 1000 limit will be subject to the BankData Fair Use Policy.
†† Free data migration offer includes 1 year of historical data + YTD only. Paid subscriptions only.
Helping thousands of businesses with their accounting
Frequently asked questions
What is franchise accounting?
Franchise accounting is the process of recording and managing the financial transactions of a franchise business. In addition to standard accounting for sales, expenses, tax and assets, franchisees may need to account for franchise fees, royalties, marketing contributions and other obligations under their franchise agreement.
Accurate franchise accounting can also help a franchisee provide financial reports and KPIs in the format required by the franchisor.
Why is accounting software important for a franchise business?
Franchise accounting is the process of recording and managing the financial transactions of a franchise business. In addition to standard accounting for sales, expenses, tax and assets, franchisees may need to account for franchise fees, royalties, marketing contributions and other obligations under their franchise agreement.
Accurate franchise accounting can also help a franchisee provide financial reports and KPIs in the format required by the franchisor.
How is franchise accounting different from accounting for an independent business?
An independent business owner generally has greater freedom to establish their own accounting and operating practices. A franchisee operates within a franchise model and may need to follow standardised processes established by the franchisor.
This can include specific reporting requirements, approved suppliers, Point-of-Sale systems, marketing contributions, royalty calculations and other compliance obligations. Some franchise businesses also maintain separate accounting records for each location so performance can be compared accurately.
How should franchise fees be accounted for?
The accounting treatment of franchise fees depends on the nature of the payment, the franchise agreement and applicable accounting and tax requirements. For a franchisee, certain upfront franchise fees may need to be recognised as an intangible asset and amortised over an appropriate period rather than treated as an immediate expense.
Because the correct treatment can vary, franchise owners should seek advice from a qualified accountant or tax adviser.
What is a franchise agreement?
A franchise agreement is the legal contract setting out the relationship between a franchisor and franchisee. It can cover franchise fees, royalties, territorial rights, training, ongoing support, approved suppliers, marketing obligations, operating standards and other conditions of running the franchise business.
Prospective franchisees may also receive a franchise disclosure document containing information about the franchise system. Consider obtaining independent legal and financial advice before entering an agreement.
How does the 30-day free trial work?
The Reckon One free trial allows you to try our accounting software for a period of 30 days to ensure it meets the needs of your business. After this period, your subscription will automatically convert to a paid one to avoid any interruptions to your data. However, if you find that Reckon One small business invoicing software is not suitable for your needs, you can cancel your subscription before the billing renewal date and your credit card won’t be charged.
If life got in the way and you weren’t able to use your trial, no worries! Just give our friendly support team a shout and we’ll see if we can get you up and running again.
Can I change my software plan later on?
Definitely! Reckon One offers you the flexibility to change your plan to fit the unique needs of your business. Whether it’s downgrading or upgrading, you can easily make these changes right from your Reckon account.
How do I switch from another accounting software to Reckon One?
Making the switch to Reckon One from your current small business accounting software is a breeze with our data migration service!
Head to our data migration page and see how our free* migration service works.
What do I need to get set up with Reckon One?
There is no software installation required. All you need is a device with an internet connection to access your Reckon One account. Simply sign up for an account on our website and start using Reckon One to manage your business.
Is my data secure?
We use the best technology to ensure your data is safe and secure. Our accounting software for small business, Reckon One, is built with cutting-edge HTML5 technology and hosted on Australian servers powered by Amazon Web Services, a leader in cloud data storage.
Do you provide customer support?
We offer support through email, chat, and phone with our local team and resources such as webinars, a small business resource hub, and an online community to help you succeed from the moment you start using Reckon One.
Expert training is also available through the Reckon Training Academy or our trusted partners (accountants and bookkeepers).
Can I grant access to other people?
What are the advantages of using accounting software for small businesses?
Mobility
Online accounting software like Reckon One gives you the flexibility and mobility to manage your finances from any device. Gain clarity over your business’s financial position, automate your accounting process & reduce data entry, track business transactions, get paid faster, and more.
The latest version
Our small business accounting software Reckon One is automatically updated in the cloud. So you’ll always use the latest version without having to manually download compliance updates and accounting features.
Cost-effective
Reckon One pricing works on a SaaS (software as a service) pricing model. So you pay a low monthly fee instead of a large upfront payment for your software license. Paying month to month also means you aren’t locked into a contract and can cancel anytime.
Security
Your data is safely stored in the cloud so you won’t be affected by theft or accidents to physical hardware. All data servers have 24/7 security and several layers of encryption.
Is there a minimum subscription period?
Enjoy the benefits of Reckon One with the flexibility of monthly payments and if you decide it’s not the right fit for your business, you can easily cancel at any time.
Try Reckon One for free today
Cancel at any time. Unlimited users.
