Rechargly captures every vendor charge your firm pays on a client’s behalf, invoices the client, collects the payment and reconciles it. Then it puts the cost and the revenue on the same client job.
Price increases are not passed on. Proposals go stale. Clients leave and the subscription keeps running. Here are the four places the money goes missing.
Rechargly moves the money: it captures every vendor charge, invoices the client, collects and reconciles. Practice Connect moves the information: it posts the cost and the revenue to the client’s job in your practice manager, so partners see software margin per client.
RecharglyPractice ConnectXero, Dext, MYOB, BGL and ASIC invoices are pulled the day they issue. One invoice covering many clients is read line by line. Plan changes and price increases are detected on the same pass.
Works on its own. Vendor invoices are pulled the day they issue, price increases flow through the same month, each client is invoiced, the direct debit runs, and the payment is matched in Xero. No practice manager required.
An add-on to Rechargly for firms that want per-client profitability. The vendor cost is posted to the client’s job as a disbursement and the recharge invoice as revenue, in Xero Practice Manager, FYI, APS or any supported practice manager. Your existing reports now include software.
Ignition for fees. Rechargly for software. Software lines leave the proposal, so a price increase never means re-issuing an engagement.
How they fit together →Works withXeroXero stays the ledger. Rechargly does the matching, the price increases and the credit notes between the vendor invoice and the client invoice.
How they fit together →Posts toPractice-management softwareXero Practice Manager, FYI, APS, Karbon, CCH, TaxDome or IRIS hold the client job. Rechargly posts the cost and the revenue to it.
See the integrations →Moving fromGoCardless and spreadsheetsExisting direct debits move across in about a week without new sign-ups. The spreadsheet retires.
Read the migration guide →Per-client net profit is visible in XPM for the first time, including the software the firm pays for on each client’s behalf.
Stuart BrandmanDirector, 542 PartnersPractice Connect · XPM★★★★★A 50-person firm moved its clients from Ignition proposals to direct debit and halved the admin time spent on recharges.
Darriel MendozaOperations, Liston Newton50% admin time · 98.7% direct debit★★★★★An audit found clients still on the 2021 Xero price. Price changes now flow through automatically and the firm recovers about £3,000 a month.
Sam KingDirector, Thorne Widgery£3,000 a month recovered★★★★★Mixed discounts and bundled fees across 500 client groups were replaced with one rule set. Time on disbursements fell 61%.
Jason RobinsonDirector, Future Advisory61% less time on disbursements★★★★★CSV imports into APS were replaced with automated billing for more than 1,000 monthly vendor charges. 95.9% of clients are on direct debit.
Katica BuccheriPractice Manager, William Buck Melbourne1,000+ charges a month, automated★★★★★The first audit found $5,820 in charges that had never been passed on. The monthly recharge run now takes about twenty minutes.
Walker HillBrisbane, Accountants and advisers$5.82K found · 3.2 hours a month back"We're able to track our overall billing against the costs, both human time and recharge subscriptions, and get a net profit."
Three questions about your firm. One number you can take to the next partner meeting, modelled on what firms like Ashfords recovered.
Run the recovery calculator →