RecHound is a cloud-based balance sheet reconciliation tool designed for companies using Xero. It replaces spreadsheet-based reconciliations by syncing directly with your Xero data, allowing you to clear transactions mid-month, track prepayments, manage intercompany balances, and store all workpapers securely in the cloud.

How does RecHound integrate with Xero?

RecHound connects directly to your Xero account via Xero's official API. Once connected, it pulls your trial balance and transactions automatically, refreshing every hour. You can also trigger a manual sync for real-time updates. No CSV exports or copy-pasting required.

How much does RecHound cost?

RecHound pricing starts from AUD $10 per company per month for the XL plan (up to 50 companies) and goes up to AUD $35 per company per month for the S plan (up to 2 companies). All plans include unlimited users. A 30-day free trial is available with no obligation, and RecHound is free for registered non-profit organisations.

What is balance sheet reconciliation?

Balance sheet reconciliation is the process of verifying that the balances in your accounting system match supporting documentation and real-world records. It is typically performed at month-end to ensure accuracy of assets, liabilities, and equity accounts. RecHound automates this process for Xero users by pulling live balances and letting you clear, document, and approve each account.

Can I clear transactions mid-month with RecHound?

Yes. RecHound's transaction clearing feature lets you match and clear transactions that net to zero at any time during the month, not just at month-end. This helps keep your balance sheet accounts tidy throughout the period and reduces the workload at month-end close.

Does RecHound support intercompany reconciliation?

Yes. RecHound includes an intercompany reconciliation feature that allows you to match balances and transactions between related Xero entities. This is especially useful for groups of companies that need to reconcile intercompany loans, payables, and receivables as part of their month-end process.

Is RecHound free for non-profits?

Yes. RecHound offers its balance sheet reconciliation tool free of charge to registered non-profit organisations. Non-profits can apply by emailing info@rechound.com with proof of their non-profit status and a brief description of their mission.

How long does it take to set up RecHound?

RecHound can be set up in minutes. After connecting your Xero account, RecHound begins syncing your company's data automatically. The initial sync may take longer for larger entities as it pulls your full journal history, but once complete, ongoing syncs happen hourly.

What accounting software does RecHound work with?

RecHound currently integrates exclusively with Xero. A QuickBooks integration is planned for the future. RecHound is built specifically for the Xero ecosystem and leverages its API for real-time balance and transaction data.

How is RecHound different from using spreadsheets for reconciliation?

Unlike spreadsheets, RecHound syncs live data from Xero so your reconciliations are always current. It eliminates manual data exports, reduces errors from copy-pasting, provides a shared workspace with preparer and approver roles, and lets you roll forward your reconciliations with a single click each month. Users report saving 15+ hours per month compared to spreadsheet-based workflows.

UPCOMING FEATURES

Alex Lacota
Apr 13
3 min read

You've asked, so here it is. A list of everything we're working on, and how we have prioritised it.

You will be seeing a number of (hopefully!) welcomed changes to RecHound in the next few months. Really excited to be sharing them with you now - some of these will be game changers.

👍 Prepayment Auto-Matching

RecHound can now automatically match your amortisation journals to prepayments. The matching engine scores each potential match based on both amount and description, and presents results in a single grid with confidence percentages. You can review and override matches before confirming, significantly reducing manual prepayment reconciliation work.

Release priority - ✅ Shipped

🫡 Transaction Auto-Matching

This one is a big one.

Press the button, matches are found automatically within your account. Take your transaction listing from 100x transactions down to just the ones that matter in only 2x clicks.

It’s a complicated algorithm, but not only do we look for one-to-one matches, but we also look for one-to-many.

For example, just say you have PAYG to pay every 3 months - we can find all 3x monthly expense transactions and match them off to the quarterly payment.

We think this one will save users a ton of time searching for entries that net off to zero in their clearing accounts.

To all unmatched transactions...you're on notice.

Check out my post on LinkedIn for a quick demo of how this one will work

Release priority - Imminent

🎨 Coat of paint

Our visuals are in need of an overhaul. Keeping things familiar but just upgrading the visuals. Here’s a sneak peak of how our homepage will be looking once we push this change through. All existing functionality will remain…just looking sharper.

Release priority - Imminent

📋 Manual Journal Posting

Post variance journals directly to Xero from within RecHound. Select the accounts you want to post to, choose whether to post as a summary line or individual lines, and submit - all without leaving the reconciliation screen. Includes a built-in sync after posting so your data is immediately up to date.

Release priority - High

📃 Accruals Register

RecHound will soon give you a dedicated accruals register for each workpaper period, supporting three types of accruals - once-off, monthly recurring, and accumulating (spread across multiple periods with even or manual splits).

You can attach supporting documents, assign tracking categories, and add notes. When you're done, take a snapshot to lock the support for that period, and generate a ready-to-import journal for Xero with the option to post a reversing entry.

Release priority - High

📝 Workpaper Notes & To-Dos

Add notes and to-do items directly to your workpapers. Cards support recurring due dates (e.g. last day of the month, a specific weekday), can be reordered by dragging, and sit in independently scroll-able columns so Notes and To-Dos never get in each other's way. Everything stays attached to the workpaper period it belongs to.

Release priority - Medium

📊 Xero Reports Viewer & Export

View your Aged Payables and Aged Receivables reports from Xero directly inside RecHound. Save snapshots as your supporting documentation, export to Excel (including comments and GL variance data), and attach reports to workpapers.

Release priority - low

✅ Auto-Certify

Accounts whose balances haven't changed from the prior period can now be certified automatically. Admins can configure which accounts or account groups are eligible for auto-certify, removing the need to manually certify stable, unchanged balances each period.

Release priority - low

Big Thanks:

Thanks again to all of you for your support of RecHound - if you have any ideas that we haven't got on our roadmap, or just want to talk shop, hit me up at alex@rechound.com

Or call me on +61 433 450 198. Nobody loves a chat more than me - day or night..

Thanks for being part of the journey

Alex Lacota

RecHound Co-Founder