Features
Accruals
Month-end accruals, out of the spreadsheet and into your rec
Accruals usually live in a spreadsheet next to Xero. You eyeball the P&L for gaps, copy last month's list forward and hand-key a journal. Then you remember the reversal and try to prove the balance to your reviewer. RecHound brings all of that into the work paper for your accruals account.
Three steps. Done.
Review & Add
Build this period's list from the live P&L, last month's accruals and your recurring schedules.
Finalise
Check the list ties to the account balance, then snapshot it to Support in one click.
Post
RecHound builds the accrual journal and its reversal, dated correctly, and posts both to Xero. You can also save them as drafts.
Find what's missing
The P&L view pulls your live Xero P&L and compares this period against last period, a 3- or 6-period average, or several periods side by side. A variance column shows where a bill hasn't landed yet.
Spot a gap? Click Add Accrual on the line and the expense account is already filled in.
Never miss last month's items
Prior Accruals shows what you accrued before, going back up to 12 periods. Re-accrue one item or a whole batch.
The notes and attachments come with it, so the quote or supplier email is still there next month.
Recurring accruals on autopilot
Set up monthly or quarterly schedules once, and they appear in every period's list until they end.
Need to skip a month? Skip this period only and the schedule carries on as normal.
A balance you can prove
The accruals total is checked against the account balance. One click saves the list as a support schedule on the work paper, and it flows into your Audit Report and Excel export.
Once the work paper moves to review, the accruals record locks, so the audit trail can't drift.
Smart nudges
Recommended: Skip
If a supplier on one of your schedules has already billed the period in Xero, RecHound recommends skipping the accrual so the expense isn't double-counted.
Duplicate heads-up
If a new accrual looks like one already on your list, you get a heads-up before adding it.
Everything you accrued, and why
Every accrual carries its name, amount, contact, tracking, notes and attachments. Each one is tagged with where it came from:
Came from a recurring schedule
Re-accrued from an earlier period
Added by hand, e.g. from the P&L view
Suggested by RecHound
Reviewers can see what was accrued, why, and proof it hit the ledger.
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