The balance sheet reconciliation process often involves significant challenges for bookkeepers and accountants.  

Preparation may involve spending entire days managing spreadsheets, only to find balances altered by postings, or formula errors causing extensive rework. Monthly revisions are often required, and the volume of checks can become increasingly time-consuming as your business grows. Not to mention, all of this must be completed within the limited timeframe available at month-end.

RecHound is a cloud based balance sheet reconciliation tool created specifically from the pain points of an accountant who had reached his wit's end with spreadsheets.

There has previously been no solution available that’s both affordable and easy to implement. Extensive month end tools are available for accountants and accounting firms, however in the landscape specific to balance sheet reconciliation tools there are an extremely limited number of options. Furthermore, due to the typical size of companies that use Xero, many of these options are ill-fitting at best. RecHound is on a mission to change that using cloud based reconciliations.

Benefits of cloud-based reconciliations:

1. ‍Live Xero balances - no more exporting and dumping data into a reference tab multiple times a month.‍
2. A standardised workpaper for each account - kiss your formatting woes goodbye‍
3. An approver process (if you want it) - bring governance to the forefront with approved recs that can be locked for editing.
4. ‍Live transaction clearing - for the first time with any Xero product, you can clear transactions from your account as they're happening. Suspense accounts have never been quicker to reconcile - and it can be done any time during the month, saving a ton of time at month end.
   

The Cost

RecHound is a fraction of the price of bespoke reconciliation solutions. We're talking in the hundreds of dollars versus the tens of thousands it would cost to create a bespoke reconciliation solution.

In terms of implementation time, the process requires little to no effort - simply link your Xero account with a couple of clicks and RecHound will manage the rest for you.

Get Started Today

If you’re tired of the spreadsheet grind, give RecHound a try. It’s designed to make your life easier, save you time, and help you stay on top of your accounts with minimal effort. Give your team more time to focus on strategic tasks instead of getting bogged down in manual recs. RecHound is here to help you achieve just that. Give it a shot and see how it transforms your reconciliation process!