Month-end reconciliations for pubs, bars, restaurants & hotels
RecHound is used by hospitality groups across Australia and the UK to manage high-volume balance sheet reconciliations across multiple venues — faster and with a complete audit trail.
The challenge
Why reconciliations are hard in hospitality
High transaction volumes across multiple venues
Hospitality businesses process hundreds of transactions daily across bars, kitchens, and event spaces. Tracking which inter-venue charges, supplier invoices, and card settlements have cleared — and which haven't — is a full-time job when done manually.
Group entity complexity
Pub groups and restaurant chains operate with multiple legal entities sharing costs, intercompany loans, and management fees. Reconciling these relationships at month-end — especially across Xero organisations — creates significant risk of misstatement.
Prepayments and deposits left untracked
Venue hire deposits, seasonal prepayments, and event bookings paid in advance create balance sheet balances that need to be recognised correctly over time. In spreadsheets, these are easily missed or incorrectly released.
How RecHound helps
Built for the complexity of hospitality
Transaction clearing built for volume
Clear transactions that net to zero any time during the month — not just at month-end. Perfect for clearing intercompany charges, reversals, and settlement batches as they come in.
Intercompany reconciliation
Automatically match and clear intercompany balances across your group entities. No more manually cross-referencing between Xero organisations at the end of each period.
Prepayment schedules
Manage venue hire deposits and prepaid costs with automated amortisation schedules and journal posting back to Xero — so nothing gets recognised in the wrong period.
Multi-entity dashboard
See every venue's reconciliation status in one place. Assign account owners, track approvals, and lock periods — all from a single Rec HQ dashboard.
Join hospitality businesses already using RecHound
Free for 30 days. No credit card required.