Balance sheet reconciliations for real estate & property businesses
From trust account compliance to complex holdings structures, RecHound gives property businesses the audit-ready reconciliation process they need.
The challenge
Why reconciliations are hard in real estate
Trust account compliance
Real estate agencies are legally required to maintain accurate, auditable trust account reconciliations. Errors or delays don't just cause financial problems — they create regulatory risk and potential licence issues.
Multiple entities and holdings structures
Property groups commonly operate across trusts, holding companies, and operating entities. Keeping intercompany balances reconciled across all of these — and maintaining a clear audit trail — is challenging with spreadsheets.
Prepayments and rent in advance
Rent in advance, prepaid management fees, and deposits held on behalf of vendors all sit on the balance sheet and need to be reconciled and recognised correctly each period.
How RecHound helps
Compliance-ready reconciliations, every period
Complete audit trail
Every reconciliation is timestamped and signed off by a named approver. If a question arises months later, you can show exactly what was reconciled, by whom, and when.
Workpapers and supporting docs
Attach trust account listings, bank statements, and reconciliation reports directly to each account in RecHound — everything in one place for audits.
Intercompany clearing
Automatically match balances across your holding entities and operating companies. Remove intercompany noise from your reconciliations without manual cross-referencing.
Period locking
Lock periods once approved to prevent post-close adjustments going unnoticed. RecHound alerts you if Xero balances change after sign-off.
Join real estate businesses already using RecHound
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