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RecHound

By RecHound
5 out of 5 stars
Free trial available
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Modern balance sheet reconciliations. Support every balance, automate month end, and keep audit-ready workpapers in one secure place.
Rated
5.0
out of 5
Reviewed by
18
Xero users
Try this app
Free trial
available
Listed for
3 years
May 2023

Overview

RecHound is a reconciliation management tool that integrates directly with Xero to streamline and standardise the month-end process.

It replaces spreadsheet-based reconciliations with a cloud platform built specifically for accounting and bookkeeping workflows. Every account, every balance, and every workflow is in one place - always up to date and easy to follow.

Key features:

Live Xero integration

RecHound pulls balances directly from Xero and refreshes hourly. You can manually sync on demand for real-time updates. No CSV exports or copy-pasting required.

Substantiate your balance sheet accounts:

Whether it's for your audit or best practice monthly governance, RecHound helps you support every account every month, all with the right evidence.

Workflows:

Automate and bring best practice to your standard month end workflows such as:

  • Intercompany
  • Prepayments
  • Accruals
  • Revenue Recognition
  • Journal postings

Multi-entity support and intercompany clearing:

Manage the transactions from within your intercompany accounts by clearing in just 1 click. No need to pull data into spreadsheets, validate all intercompany accounts from the one screen.

Prepayments and Revenue Recognition:

Create and maintain prepayment and rev rec schedules directly from within RecHound - no spreadsheets needed. Post your monthly ammortisation directly from RecHound.

Approval and review history:

Each reconciliation has a clearly defined lifecycle - from preparation through to review and lock-down. Changes are logged, and balances that change after approval trigger alerts and require re-submission.

Intended users:

RecHound is designed for:

  • Bookkeepers managing multiple clients
  • Internal finance teams performing month-end reconciliations
  • Accounting firms preparing workpapers for review or tax compliance

It is particularly useful for teams currently using spreadsheets, Google Sheets, or PDF workpapers - and looking to consolidate their process in one secure, purpose-built environment.

RecHound
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RecHound + Xero

Pull your monthly trial balance directly from Xero, and ensure that all accounts are up to date when performing your balance sheet reconciliation process.

Xero provides RecHound with all transactions from within every account, ensuring that you can reconcile your transactions within RecHound for any account with 100% accuracy.

Post and clear variance journals directly from within RecHound with our latest Post Journals feature.

RecHound pulls intercompany transactions for you to clear directly within RecHound.

Pricing plans

This app includes a free trial

*All prices are exclusive of tax

30 day trial

Free
  • All Features

Reviews & ratings

5.0 out of 5 stars
18 Reviews

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Most recent reviews

KO
Kiercie Olpindo
Posted
5 out of 5 stars
Rechound has been a great help to ease balance sheets reconciliation of our clients. I am wondering if Rechound can possibly integrated to Quickbooks too?

Response from RecHound

Fantastic to hear Kiercie! Unfortunately no Quickbooks integration yet, although this will be coming at some stage in the future!
LG
Linda Gell
Posted
5 out of 5 stars

The new way of reconciling

We have been using Rechound for a few months and love the way that we can save time with intercompany reconciliations, prepayments and reconciling clearing accounts. Gone are the days of exporting to static spreadsheets. With the direct link to Xero, any updates are in the reconciliation to match to. Alex has been great to work with. So responsive to any suggestions. Highly recommend
SL
Storme Lee
Posted
5 out of 5 stars
Alex was super great and engaged at connecting with me and touching base to see how RecHound was working for my needs. Super clean interface and very use-friendly, has some awesome points of difference from other products on the market and things to get excited about!
One person found this review helpful.

Response from RecHound

Amazing to hear - thanks Storme!

Additional info

Shared data

Xero
RecHound
Accountsshared from Xero to RecHound
Usersshared from Xero to RecHound
Tracking Categoriesshared from Xero to RecHound
Receiptsshared from Xero to RecHound
Paymentsshared from Xero to RecHound
Manual Journalsshared from Xero to RecHound
Journalsshared from Xero to RecHound
Invoicesshared from Xero to RecHound
Credit Notesshared from Xero to RecHound
Bank Transfersshared from Xero to RecHound
Bank Transactionsshared from Xero to RecHound

Functions

Reporting and forecastingAccountant tools

Industries

Professional servicesHospitalityAccounting

App details

By RecHound
Added in 2023

Countries

Australia, Canada, Global, Hong Kong, Indonesia, Ireland, Malaysia, New Zealand, Philippines, Singapore, South Africa, United Kingdom, United States

Languages

English

Support

Setup walkthroughContact supportinfo@rechound.com

Follow

LinkedIn

Try RecHound for free

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