Thriday vs. Reckon: Which is best for business owners?

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Reckon is third largest accounting product in Australia. Reckon recently sold their accounting division so it's difficult to establish what the future holds for the brand. Reckon does not provide any automation like Thriday, meaning you are still reliant on a bookkeeper or accountant to do the books.

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Monthly subscription

A better product that costs less, yes it's true! Thriday really does provide a comprehensive end-to-end platform that includes business transaction accounts, Visa Debit cards, in-built receipt scanning, invoicing and quoting, automated reconciliation, cashflow and tax predictions, BAS lodgment and financial reports for only $29.95 a month. Because Thriday was built using all new, modern, cloud based technologies, it's cheaper to run and Thriday can still deliver you a better service. Reckon which costs $51 a month is really lacking a lot of the functionality of Thriday and is more expensive. I reckon you know which platform to choose!

$29.95 per month

$51.00 per month

$29.95 per month

$51.00 per month

Registered tax agent (no. 26262416)

To streamline your tax, BAS and accounting requirements even more, Thriday is a registered tax agent (registration number 26262416) with the Tax Practitioners Board (TPB). This means you can lodge your BAS and taxes directly from the Thriday platform and take advantage of expert support from registered tax agents.

No accountant required

Thriday is so powerful that it can act as an accountant in your pocket. Using artificial intelligence, machine learning and some really clever code, Thriday can do your bookkeeping and tax calculations instantly. If you would still like the peace of mind of an accountant to look over your numbers, Thriday can provide that to. Thriday offers in-built human accountants who can review your BAS or tax submissions for an extra fee. It really is an all-in-one platform. Reckon does rely on an accountant to be used. There is no way around it.

No training required

Thriday was built for small business owners by small business owners. Founded by two business owners who were frustrated by their own experiences with banking, accounting and tax software, Thriday was born in Melbourne, Australia. Reckon was built primarily to be used by accountants and is very complex. You will need to have some experience with accounting and bookkeeping to use the platform.

In built receipt scanning

Unlike other accounting software such as Reckon, receipt scanning is directly integrated into the core Thriday product. There is no separate apps to download or setup, you just log into Thriday, upload receipts and away you go. The best part is, because your transactions appear instantly, you can reconcile your receipts in real-time.

BAS lodgment to ATO

Reckon allows you to generate a BAS statement but then you have to manually submit it to the ATO. This is time consuming and can lead to human error. With Thriday, you can lodge your BAS directly to the ATO. You can do it yourself, or take advantage of having it reviewed by a registered tax agent. Thriday was built to eliminate time wasted on financial admin and this is one of the main ways they do that.

Visa Debit card

Having a Visa Debit card connected to your business transaction account and accounting is one of the unique features of Thriday. As soon as you transact, all your expenses are instantly reconciled. It's so intuitive, there is really nothing to do. Just earn and spend money and Thriday will take care of the rest. Reckon does not provide an integrated Debit card with its product.

Enjoy these great Thriday features

Thriday is completely cloud based and available on web and app

Modern, fast and AI-driven platform that has no legacy systems

Works out of the box with no training or third-party support required

Combines banking, bookkeeping, accounting and tax in one platform

Saves hours each week as no manual intervention required

No bank feeds or manual expense tracking

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Why Thriday?

Running a business is hard enough. We get it. We live it every day! Spending 6 hours a week managing financial admin, usually, after hours, is the last thing you should have to do. And don't get us started on tax time... We built Thriday to eliminate financial admin and help you take back control of your money and time. By combining the tools you need to manage your money in one place, Thriday intelligently automates the tedious admin that sucks away your valuable time.