Reckon for Nonprofits
What Is Reckon for Nonprofits Accounting?
Reckon for Nonprofits accounting means running your charity bookkeeping in Reckon, with jobs, categories and custom fields for each grant, program and fund. Since 2011, Cred Books has paired charities, NGOs, foundations, associations and community groups across Australia and New Zealand with a Reckon Accredited Partner and a dedicated Reckon certified accountant.
We set up Reckon One, Reckon Accounts Hosted or Reckon Accounts Desktop for grant budgets, donor pledges, restricted funds, program costs and event revenue, then handle the daily work and every BAS lodgement. Need another sector? We can also outsource Reckon accounting services.
Blurred restricted funds, late donor receipts and unclear program costs are how charity books break. Through outsourced accounting for nonprofits, we fix them at the source.
How Reckon Handles Grants, Donations and Restricted Funds
We run grant fund accounting, track restricted fund drawdowns, support deductible gift recipient compliance and ACNC reporting, and prepare audit proof board packs with functional expense reports.
We connect Reckon with DonorPerfect, Bloomerang, Classy, Salesforce for Nonprofits and Raiser's Edge, so gifts, pledges, expenses and payroll run through one workflow.
What our Reckon setup includes:
- Grant, program and fund profit and loss reporting in Reckon
- Restricted fund tracking with drawdown and acquittal reports
- Donation receipts and pledge tracking tied to your donor system
- Integration with DonorPerfect, Bloomerang and Classy
- BAS lodgement, GST and STP Phase 2 filings with audit ready workpapers
Trusted by over 1,000 clients worldwide, Cred Books delivers monthly reporting packets, profit and loss statements, cash flow projections and year end audit files.
Our Reckon Services for Nonprofit Organizations and Charities
Every service below runs inside your Reckon file, so grants, restricted funds and donor records stay accurate.
Grant and Program Reporting
Jobs and categories tag income and costs to each grant and program, so funders see exactly how money was spent.
Restricted Fund Accounting
Restricted and unrestricted money is tracked separately, with balances and releases reported every month. This work sits within our Outsource Account Reconciliation Services for Nonprofits.
Donation and Pledge Tracking
Gifts, pledges and recurring donations are recorded from your donor system, with receipts that match the ledger.
Deductible Gift Recipient Support
Gift fund records and receipt rules are kept to support your deductible gift recipient endorsement.
Grant Budgets and Acquittals
Grant budgets are loaded into Reckon and compared with actual spend, ready for funder acquittal reports. Need a full return? We offer Nonprofit Tax Return Filing Services too.
Program Cost and Overhead Allocation
Shared costs are allocated across programs using agreed drivers, so overhead is reported fairly to boards and funders.
Financial Reporting for Boards
Monthly packs show fund balances, program costs, donor income and cash flow for trustees and committees.
Payroll and STP Phase 2
Staff, part time workers and contractors are paid in Reckon Payroll with super and Single Touch Payroll filed on time. We also prepare management packs through our Nonprofit Financial Reporting Services.
BAS and GST Compliance
GST on events, fees and purchases is reconciled and each BAS lodgement is prepared and reviewed before filing. Our Nonprofits & NGOs Payroll Processing Services cover pay runs, filings and cost allocation.
Software Expertise
Cred Books vs In House Reckon Accounting: Which Suits Your Cause?
Outsourcing suits charity leaders and boards who want transparent funds without hiring a finance team. We also offer Offshore Nonprofit Accounting Services.
| Factor | In house team | Cred Books (Reckon for Nonprofits) |
|---|---|---|
| Cost | Salary, benefits, software and training | Accounting costs reduced by 40% to 60% |
| Reckon expertise | Depends on one or two staff members | Reckon Accredited Partner and Reckon certified accountant on every account |
| Nonprofit knowledge | Generalist staff often blur restricted and general funds | Fund accounting, grant tracking and GST handled to a nonprofit checklist |
| Reporting delivery | Board and funder reports are late and inconsistent | Monthly fund and grant reports delivered on an agreed schedule |
| Program growth | New grants and programs strain a small finance team | Add programs and funders without adding back office headcount |
| Coverage | Business hours, with gaps during leave | Dedicated team with trained backup |
| Audit readiness | Depends on the individual | Audit ready books with documented workpapers |
Why Nonprofits Choose Cred Books for Reckon
Cred Books has served more than 1,000 clients since 2011. These are the reasons nonprofits stay with us.
Reckon Accredited Partner
Every client is paired with an experienced Reckon Accredited Partner and a dedicated Reckon certified accountant who set up, review and run the Reckon file.
Nonprofit Accounting Specialists
Our team knows fund accounting, grant acquittals, donor records and DGR requirements inside Reckon.
Over 15 Years of Experience
Cred Books has been operating since 2011 and has refined its nonprofit organization accounting checklists on real files across several countries.
In House Team of 100+
More than 100 in house certified accounting professionals means cover for leave, peak periods and growth. No freelancers and no handoffs to strangers.
Transparency and Trust
Clear fund reporting and documented workpapers give boards, donors and funders confidence in how money is used.
Lower Accounting Costs
Clients cut back office accounting costs by 40% to 60% without lowering quality, because they pay for expertise instead of desks and recruitment.
Which Nonprofits Benefit Most from Reckon?
These nonprofits see the biggest gains when Cred Books runs their Reckon file.
Registered Charities
Clear fund reporting and donation records for the board.
Community Organizations
Grants, memberships and events tracked in one ledger.
Foundations and Trusts
Restricted gifts and distributions recorded correctly.
Associations and Clubs
Membership fees, events and sponsorships reported clearly.
Faith Based Organizations
Offerings, restricted gifts and outreach costs tracked. See our Year End Accounting Services For Nonprofits Businesses for closing the books cleanly.
Cost Conscious Nonprofits
Cut back office costs by 40% to 60% without lowering quality.
Our Reckon Setup Process for Nonprofit Organizations and Charities
A five step onboarding process that moves your charity books into Reckon without disrupting donor receipting.
Reckon File and Fund Review
We review your Reckon file, fund balances, grant agreements and donor records.
Funds, Jobs and Accounts Setup
We set up jobs, categories, custom fields and ledger rules for each grant, program and fund.
Donor System Integration
We connect DonorPerfect, Bloomerang or your donor database so gift data reaches Reckon.
Daily Bookkeeping and Reconciliations
We code transactions, reconcile bank and gateway accounts and chase missing receipts.
Monthly Board and BAS Reporting
We deliver fund reports, board packs and your BAS lodgement.
Related Services for Nonprofit Organizations and Charities
Frequently Asked Questions
Which Reckon products do you support for nonprofits?
We support Reckon One, Reckon Accounts Hosted, Reckon Accounts Desktop and Reckon APS, and we recommend the one that fits your funding mix and reporting needs.
How do you track restricted funds in Reckon?
We use jobs and categories to record restricted income and spending by fund, keep balances separate and report releases to your board each month.
Can you prepare grant acquittal reports?
Yes. We load grant budgets into Reckon, record spending against them and prepare acquittal reports in the format your funder expects.
Do you support deductible gift recipient requirements?
Yes. We keep gift fund records and receipt rules in order, which supports your deductible gift recipient endorsement and annual reporting.
Do you integrate Reckon with DonorPerfect and Bloomerang?
Yes. We connect Reckon with DonorPerfect, Bloomerang, Classy, Salesforce for Nonprofits and Raiser's Edge so gifts and pledges reach the ledger cleanly.
How are shared costs allocated across programs?
We pool shared costs and allocate them to programs using agreed drivers such as staff time or floor area, then report them to your board.
Do you process payroll and Single Touch Payroll for charities?
Yes. We run pay cycles in Reckon Payroll, calculate leave and super, and file Single Touch Payroll STP Phase 2 data after each pay run.
What is a Reckon Accredited Partner?
A Reckon Accredited Partner is an accounting firm or professional recognised for its training and experience with Reckon products. At Cred Books, every nonprofit organization client gets an experienced Reckon Accredited Partner, plus a dedicated Reckon certified accountant who handles the daily work.
How much can outsourcing Reckon accounting save a nonprofit organization?
Cred Books clients typically reduce back office accounting costs by 40% to 60% compared with running the same work in house. The saving comes from skipping salaries, benefits, software training and recruitment, while still getting certified accountants and a monthly review of every file.
How long does it take to move a nonprofit organization to Reckon?
Most Reckon onboarding handled by Cred Books takes between 3 and 7 business days. The timeline depends on how much history you bring across, the number of locations or entities, and how clean your existing records are.
Is Reckon or Xero better for a nonprofit organization?
Xero suits smaller charities that want a simple cloud tool. Reckon suits Australian and New Zealand nonprofits that want strong BAS and GST handling, desktop or hosted options and job based fund reporting. Cred Books supports both and can advise on the best fit.
Why choose Cred Books for Reckon for Nonprofits?
Cred Books has run outsourced accounting since 2011, with more than 100 in house certified accountants and over 1,000 clients worldwide. You get a named Reckon Accredited Partner, a Reckon certified accountant, a monthly senior review and nonprofit organization specific checklists rather than a generic bookkeeping service.