Balance sheet reconciliations for retail and eCommerce businesses
From prepaid inventory to multi-channel revenue, RecHound helps retail and eCommerce businesses keep their balance sheet clean — month after month.
The challenge
Why reconciliations are hard in retail
Prepaid inventory and supplier deposits
Retail businesses frequently pay suppliers in advance for stock that hasn't yet arrived. These prepayments sit on the balance sheet and need to be tracked, reconciled, and cleared against incoming goods.
Multi-channel revenue recognition
Online, wholesale, and retail sales channels create complexity in how revenue is recorded and recognised. Deferred revenue, gift cards, and returns add further balance sheet accounts that need monthly attention.
International entities and currencies
Growing retail brands often expand internationally, creating multi-currency balance sheet accounts and intercompany balances between domestic and overseas entities.
How RecHound helps
Smarter reconciliations for modern retail
Prepayment schedules
Track supplier prepayments and inventory deposits with automated amortisation. As goods arrive and costs are recognised, RecHound keeps the balance sheet clean.
Revenue recognition
Manage deferred revenue — from gift cards, subscriptions, or advance payments — against recognition schedules directly from your reconciliation.
Transaction clearing
Clear high-volume payment gateway settlements, returns, and adjustments any time during the month. No more saving it all for month-end.
Intercompany for multi-entity retailers
Automatically match and clear intercompany balances between your domestic and international entities. No manual cross-referencing between Xero organisations.
Join retail businesses already using RecHound
Free for 30 days. No credit card required.