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Reckon (ASX:RKN), an accounting and practice management software provider, has been backed by Hurdle Rate with early success. In August 2025, Hurdle Rate said its decision to increase exposure to Reckon had early success, with strong first-half results showing net profit up 29%. Hurdle Rate earlier highlighted the acquisition of Adelaide-based accounting software provider Cash Flow Manager for $8.8 million and further investment in nQ Zebraworks, as well as advertising positioning Reckon as an alternative for small employers priced out of Xero's payroll plans. Reckon operates in the Information Technology sector within the Software industry, and Thesis Tracker has captured 4 comments from 1 fund manager, Hurdle Rate. Reckon provides accounting, payroll and practice management software for accountants, bookkeepers, legal professionals and small and medium businesses in Australia, and holds an interest in nQ Zebraworks, a legal practice management software business in the United States.
Company figures as of 15 Oct 2026. For information only.
Fund managers including Hurdle Rate have invested in Reckon Ltd (ASX:RKN).
Hurdle Rate highlights strong profit growth, the Cash Flow Manager acquisition and Reckon's positioning as an affordable alternative to Xero for smaller employers.
Hurdle Rate noted strategic shareholder Novatti planned to sell its 19.9% stake to repay debt, creating a potential share overhang.
Reckon Ltd. provides market software solutions for accountants, bookkeepers, legal professionals, and SMEs. Headquartered in North Sydney, Australia, and founded in 1987, the company operates across three segments: Business Group, focusing on accounting and personal finance software; Accountant Practice Management Group, providing APS brand tax, client accounting, and practice management software alongside ReckonDocs and Reckon Elite; and Legal Practice Management Group, offering nQueueBillback branded cost recovery and management solutions. Reckon develops, distributes, and supports these specialized software products to streamline financial and professional workflows.
General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.
11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.