#Reckon
Australian small businesses call for more government support
Over two-thirds (71 per cent) of small business owners say the federal government is not doing enough to support them, in a new study by accounting software provider Reckon (ASX:RKN). Government red tape is considered the biggest obstacle to creating a start-up in Australia, with over half (52 per cent) of SMBs agreeing. The survey, which […]
Small businesses should live for a budget
Any first time business owner will encounter the world of numbers and sometimes, become stuck among the intimidating and sometimes confusing jungle. Budgets; a word no one is thrilled to hear but its presence is critical to the success of a business. It’simportant you live for a budget. Make budgets your ally Financial plans and […]
MYOB’s acquisition of Reckon: ACCC concerned about possible accounting software monopoly
The ACCC has expressed concern about the potential for an accounting software monopoly arising from MYOB’s proposed acquisition of Reckon’s Accountants Group. [Related: MYOB to buy a slice of Reckon for $180m] “If MYOB acquired Reckon’s Accountants Group, it would likely be the only supplier of practice software suitable for medium to large accounting firms,” […]
MYOB to buy a slice of Reckon for $180m
Cloud accounting provider Reckon is selling a 120-person division to rival MYOB for $180 million as it looks to – in the words of Group CEO Clive Rabie – “narrow [its] focus on the small business accounting software market”. Subject to regulatory approval by the ACCC and the NZCC, MYOB will acquire the assets of […]
Death of the spreadsheet: It’s time businesses look to the cloud for a clear accounting view
It’s time to talk about spreadsheets. Or, as one financial modeling company called them, capitalism’s dirty secret. What’s going on between the (spread)sheets to earn the decades-old business application such a sordid reputation? Mistakes. Costly ones. Almost nine in 10 spreadsheets (88%*) contain errors. Yet what do most businesses base their decision making on? Spreadsheets. Consider […]
5 top tips to help entrepreneurs sleep better at night
Looking back to when I started Reckon 30 years ago with a maxed out credit card, a bank loan against a busted-up Holden Commodore and a big idea, it all seemed pie in the sky. Today Reckon is a publicly listed ASX company with strong growth employing over 500+ people across the world and a big, […]
Business after Brexit: what can your SME do?
The UK’s decision to exit the European Union is causing market instability and while much of the focus has been on the valuation of ASX200 companies, SMEs are on the frontline during this volatile period. SMEs are considerably more likely to have direct exposure to lending conditions, greater dependency on a handful of key clients and, given their smaller size, […]
Despite the hype, social media still a low priority for SMBs
It might feel as if all you ever hear about is the importance of using social media, but according to Reckon’s Gerald Chait, the number of businesses actually using social media doesn’t match the hype surrounding these digital worlds. Does this mean it’s not right for every business?
Four in five small businesses optimistic for 2012
A survey conducted by financial software Reckon has found that 66 percent of small businesses have reported either increased (41%) or stable (25%) revenue this year and more than 80 percent of business expect to have positive or stable revenue in 2012.
How well do you really know your business?
Every business wants to grow, but expanding a business too soon, or blindly, can have dire consequences. So before taking the leap, ask yourself how well do you know your existing business?