Reckon's new channel banks on GST demand

Reckon's new channel banks on GST demand

Reckon is planning to boost its channel with 200 new partners before October in an attempt to tap into the $14.5 million pre-GST selling environment with its POS accounting software, the company announced today.

Software publisher and developer Reckon is recruiting partners through a nationwide roadshow campaign starting in Sydney on Monday, September 13.

The company is working to make sure its channel can capitalise on demand for GST products and services prior to the new tax system's introduction on July 1, 2000.

Reckon has identified the lucrative selling environment with the help of Australian Retail Association (ARA) research.

The ARA's executive officer for e-commerce, Michael Lonie, said there are 180,000 small businesses, from the corner store upwards, and at best guess they will spend between $3000 and $8000 to be GST-ready. That equates to between $540 million and $1.44 billion.

"To comply with GST requirements, businesses will need to spend between five and 10 hours a week preparing reports," Lonie said.

Reckon's QuickenPOS v2 system provides the complete GST solution, product manager Michael Wills claims.

"It works just like a cash register but is backup with an accounting program enabling the user to run the reports the tax office requires for the GST," he said.

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