The numbers your accountant asks for, ready when they ask.
ReckonOS reports revenue, expenses, profit and loss, the tax charged on your invoices, who owes you and for how long, and each project’s margin, for any date range. Your accountant can open them on a free seat, and US workspaces can export contractor payments for 1099-NEC filing.
Seven reports, one date range
Pick a period and each report covers it; the ageing report always shows today. Amounts are stored in whole minor units, so the totals add up to the cent.
- Revenue
- Cash basis: payments received in the period, less the VAT or GST inside them and less credit notes. Each currency has its own total; currencies are never added together.
- Expenses
- Every expense dated in the period, with the total and count per currency, including the receipts you scanned and confirmed.
- Profit and loss
- Net revenue minus expenses for the period, per currency, with the basis stated beside the numbers. A summary for you and your accountant, not a general ledger.
- Tax summary
- Output tax on invoices issued in the period, less tax on credit notes, less the input VAT on your expenses. Each component (VAT, GST, HST, QST, PST) and rate is listed on its own line.
- Ageing
- Unpaid invoices grouped by how late they are: current, 1 to 30, 31 to 60, 61 to 90 and over 90 days, with the total in each currency.
- Project profit and loss
- One project’s revenue against its Cost of Execution: hours at each person’s cost rate, contractors and filed expenses.
- 1099-NEC export (US)
- A CSV of what you paid each US contractor in a year, ready for your 1099-NEC filing. Admin only, and every export is written to the audit log.
See who owes you, and how late
The ageing report sorts every unpaid invoice by days past its due date. Anything late is marked in red with the word “Overdue”, so the colour is never the only signal. Reminders go out 3 days before the due date, on the day, then 3, 7 and 14 days after.
| Days past due | Invoices | Amount |
|---|---|---|
| Current | 3 | $9,600.00 |
| 1 to 30 days Overdue | 1 | $2,400.00 |
| 31 to 60 days | 0 | $0.00 |
| 61 to 90 days | 0 | $0.00 |
| Over 90 days Overdue | 1 | $850.00 |
What the tax summary is, and is not
The tax summary lists the tax charged on the invoices you issued in the period, one line per component and rate, such as VAT at 20%, or GST at 5% and QST at 9.975% for a Quebec client, because QST is filed separately and PST is not recoverable. Tax on credit notes and the input VAT on your expenses come off. It helps you and your accountant prepare a return. It does not submit one: ReckonOS does not file to HMRC Making Tax Digital, lodge an Australian BAS or file US returns.
Estimates based on the rules for the United States, the United Kingdom, the EU, Canada, Australia and Nigeria as of November 2026. Check with your accountant. Sources: GOV.UK: VAT rates (opens in a new tab); IRS: 1099-NEC instructions (opens in a new tab); Nigeria Tax Act 2025 (opens in a new tab).
Reports questions
Which reports does ReckonOS include?
Revenue, expenses, profit and loss, a tax summary, an ageing report of unpaid invoices, profit and loss per project, and for US workspaces a 1099-NEC CSV of contractor payments. Every report takes a date range.
Can my accountant see the reports?
Yes. Invite your accountant with the Accountant role on a free seat. Accountants and admins can open every report; other team roles cannot.
Does ReckonOS replace my accounting software?
No. ReckonOS covers the money side of client work and gives your accountant clean reports and exports. It is not a double-entry ledger, does not reconcile bank feeds and does not file returns.
How are several currencies reported?
Each currency is totalled on its own and never added to another. Project margins that mix currencies convert with the exchange rate stored on the date of each entry, and say so.
Is revenue reported on a cash or invoice basis?
Revenue and profit and loss are on a cash basis: payments received in the period, excluding the VAT or GST inside them, less credit notes. The tax summary is on an invoice basis: tax on invoices issued in the period.
More of ReckonOS
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