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RecHound

By RecHound
Featured app
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
22
Xero users
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Featured app
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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.

Reviews & ratings

5.0 out of 5 stars
22 Reviews

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Most recent reviews

LY
Lynette Yap
Posted
5 out of 5 stars
We use RecHound for our balance sheet reconciliations instead of the traditional Excel method. It is easy to use and navigate, which keeps everything organised at month-end. The journal posting and the accruals, prepayments and deferred revenue schedule management are also very useful, bringing more of the close into one place. It works well as audit support too. The team is very responsive and offered us a consultation to help us get the most out of the product, and they are always looking to upgrade and add new features that benefit users. Highly recommended for any finance team.
SL
Stuart Lister
Posted
5 out of 5 stars
I've been using rechound for 2 entities. As the lone finance individual it has been incredibly helpful as a central "safe" space that relevant people can access in my absence. Overall the functionality is great and a very helpful tool
NH
Niamh Hoyne
Posted
5 out of 5 stars
We’ve been using Rechound with Xero and it’s made the reconciliation process so much easier. It saves a lot of time when matching transactions and makes it much easier to keep on top of everything without having to manually work through every payment on excel, the support has also been really helpful whenever we’ve had any questions or issues. Definitely worth giving it a try and would reccomend

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

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Try RecHound for free

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.