The core Reckon One solution has a good footprint and high margins
The earnings multiples are also modest
Revenue growth is modest
Reckon has three divisions: The Business Group – which is the Reckon One online accounting platform for small business that covers all aspects of bookkeeping including payroll, invoicing and bills, banking, expenses and reporting. It has over 800,000 subscribers. The Document Management Group which operates a portal for document sharing under the brands Reckon Virtual Cabinet and Reckon SmartVault The Practice Management Group which supplies accounting practice management, tax compliance and allied software under the Reckon APS brand for larger practices and Reckon Elite for smaller firms.