Rho Close

Rho Close prepares a first pass at transaction coding using the company's chart of accounts, vendor history and previous coding decisions. In Rho's accounting view, generate suggestions, accept them individually or in bulk, and override entries that need another category. Nothing is sent to the accounting system until you approve the sync.

Close works through native connections to QuickBooks Online, NetSuite and Sage Intacct. Exporting CSV files does not enable it. Xero uses a bank feed with coding handled in Xero. This is a focused coding tool: it does not replace the general ledger or the rest of the month-end accounting work.

Cost and account access

Rho lists its in-platform accounting automation at $0, with no subscription or per-user fees. Other Rho services can still carry charges, including foreign-currency transfers and treasury management. Your separate accounting software is also outside that offer.

Apply through Open Account using a work email. The business must be incorporated in the US and either have a US operating address or at least one US-based owner with a valid Social Security number. Rho excludes certain countries and industries, including examples such as betting and cannabis businesses.

Once the company has access, Close follows the permissions of its accounting view. That can include a founder, an employee or an outside accountant managing the company's books.