We recommend using your bank “Bill Pay” to set up accounts payable through your checking account.  Normally there is no charge and your bank will send the check. No more printing checks and stuffing envelopes.  This will save you money and time.  Your checking account interfaces with REVREX, so all checks will be tracked accordingly.

Click HERE to schedule your demo.

Yes, if your POS (Point of Sale) system can export reports in a .csv format, REVREX can use its “Universal .csv Tool” to import and populate the Scoreboard in the dashboard and link your Sales Activity. Simply contact us and send us your .csv file.

Schedule a call with Mike Rasmussen (Founder) to see if your POS is currently mapped to RevRex. This is the next step to creating your accurate REVREX Score!

REVREX utilizes a “Universal .csv tool” to upload data needed from your specific software. This allows us to work with hundreds of accounting software programs, including QuickBooks.  Simply upload your .csv file.

The REVREX application allows you to upload comma-separated value spreadsheets (.csv’s) from hundreds of accounting software programs or check-book reconciliation third-party software. You do not have to stop using your accounting software.

We have (and continue to produce) tutorial videos along with the ability to schedule a 15-minute Zoom call to have your questions answered and assist you with your set up.

Schedule your free 1-on-1 demo for more information.

If you are unsatisfied, stop your subscription through the dashboard, and no further billing will occur.  If you paid for an annual subscription, we will refund to the credit card on file for all remaining months.   

CPAs with multiple clients or businesses with many locations may qualify for a discounted rate. Schedule a 15-minute Zoom with Mike Rasmussen, Founder, to discuss the opportunity.

You can click HERE to book a live demo with Mike.

REVREX consumes third-party data, reconciles the data, and reports accurate, reportable revenue. REVREX uses many of the same third-party sources that the IRS and State taxing agencies use to ensure accuracy.  Our Accounting GL interface available July 2024.

Remember, the IRS can challenge your reported revenue up to 10 previous taxable years.  The sooner you get REVREX, the sooner you get protected.

REVREX does not provide a personal income tax filing service, but the data produced by REVREX can be used by your tax preparer to prepare your SMB federal and state tax returns.

REVREX reconciles revenue from third-party data points and produces a Scoreboard (“REVREX Score”, a business FICO Score) using some of the same third-party data accessed by taxing agencies.

After revenue is reconciled, the Scoreboard is “FROZEN”, and the data is retrievable in the future on the REVREX application. The IRS can challenge reportable revenue for up to 10 years in arrears. It is imperative to have archived, accurate, retrievable data.

Using reconciled, reportable revenue ensures accuracy when dealing with taxing agencies, defending your position.

REVREX will provide you with accurate third party data and analytics needed to defend your reported revenue.  You will have the accurate reconciled data ready to go, saving you unnecessary audit time. REVREX reconciles third-party data that taxing agencies normally use in their calculations to assess under-reported revenue by a small business.

REVREX consumes third-party data and generates a “REVREX Score” which is a business vulnerability score.  The closer your score to 100, the less vulnerable the business is, and the lower the probability for an audit to advance.  We will also securely store your data and offer training on how to create a meaningful REVREX Scoreboard.

This means that the classification process under Dashboard Overview in GL Dashboard has not yet been completed (E.g. Deposit Classification, Expense Classification, Revenue Classification, Credit Card Classification and Bank Reconciliation).

You can request get file from your credit card provider and download the Excel file depending on the needed date range (E.g. Chase Bank, Fidelity etc.). 

To upload and classify credit card charges:

• Locate the credit card CSV file using Windows Explorer.

• Upload the file to REVREX. The system will read the data for the selected date range (e.g., January 2024).

• AI will auto-classify transactions with GL codes, but you must review and adjust any incorrect codes.

• Use the transaction register or production site as a reference to ensure classifications (e.g., “Dues & Subscriptions” as 8075).

• Save and post once all transactions are correctly classified. The CSV file is now reconciled and finalized.

If you see a difference (e.g., $61.05) during bank reconciliation:

• Search for that amount in the Transaction Register.

• Identify and correct any misclassified transaction (e.g., a charge coded to the wrong GL account).

•  Once corrected, re-enter the bank ending balance. The difference should now show $0.00, confirming reconciliation.

• Ensure all transactions are checked and posted before finalizing the reconciliation.

After completing deposit, expense, revenue, credit card classifications, and bank reconciliation:

• Generate a Balance Sheet starting with the prior month (e.g., December 2023) to establish the beginning balance.

• Then generate the Profit and Loss Statement for the target month (e.g., January 2024).

• Ensure the Total Assets = Total Liabilities + Equity and that the Income (Loss) Before Taxes matches between reports.

• Export the Balance Sheet and P&L as PDFs to share with third parties or for audit purposes.

To begin, visit our main website and navigate to the “Get Started” button after reviewing the FAQs and “Pains We Solve” sections. Once you enter your credit card details (note: ensure the discount code is correctly spelled), you’ll receive a series of emails guiding you through the onboarding process. This includes setting up your account and entering your business information as filed on your tax return.

You must enter your exact business information as it appears on your tax return, including your business name, EIN, and banking details. This is critical for accurate setup. You’ll also need your ABA (routing) number, and our system will verify and populate relevant fields automatically.

IBV allows us to securely connect with your bank to retrieve transaction data from January 1st of the current year onward. You’ll be prompted to log in with your bank credentials (as you normally would) to authorize this. It helps us gather necessary data for mapping and ensures your financial records are accurate and up to date.

Yes. You can connect multiple checking accounts and credit cards. Each bank account must be labeled with a four-digit identifier (e.g., -6635) to ensure proper mapping. During the Mapping Verification step, you’ll be asked to identify if you use a POS system or credit cards for sales activity, which influences how we track your sales and deposits.

When importing bank data manually (e.g., via CSV files), you must rename the file by appending a hyphen and the last four digits of the account number (e.g., BankFile-8008.csv). This ensures proper mapping in our system. Our platform also uses AI to classify transactions, and unknown items are tagged under “Ask Advisor” for your review.

Start by selecting the correct bank and month. Enter the ending balance from the bank statement. If all transactions are correctly classified, the system should show a zero difference, allowing you to reconcile. If not, review unclassified or misclassified items and adjust them accordingly.

Open the master account on a second screen. For each transaction in your working account, refer to the corresponding transaction in the master account. Match GL codes and amounts exactly. Use filtering tools to search by amount or description and verify classifications such as expenses, revenue, dues, or personal items.

After modifying transaction classifications, reports don’t update automatically. You must refresh the balance sheet first, which triggers a system recalculation. Once refreshed, revisit the profit and loss report to confirm that the net income or loss now matches the master account.

REVREX uses two primary environments:

• Dev (Development): A testing space where new features and data configurations are validated.
• Production: The live environment accessed at app.revrex.com, where actual financial data is processed and used.
  

Check the URL:

• Dev URLs typically include keywords like dev or a subdomain prefix.
• Production uses app.revrex.com.
  

Matching data ensures:

• Integrity of financial statements
• Safe and successful deployment of updates
• Consistency across testing and live usage
  

• Recheck both environments to confirm the discrepancy
• Review recent deployments or changes
• Contact the development or data support team to resolve sync issues

REVREX supports generating:

• Financial statements by month and quarter
• Comparative data views
• Data validations for audit support
  

Production data reflects live information. Updates are pushed once verified in Dev and approved for release.

No. Changes should be tested in Dev first. Production should only reflect finalized, approved updates.

In the REVREX app, you have to make sure that the months within the date range  are closed

In the GL Dashboard, you need to verify that the classification process has been completed

• Deposit Classification
• Expense Classification
• Revenue Classification
• Credit Card Classification
• Bank Reconciliation

Use the Balance Sheet tab and click the export/download button.

Usually in your browser’s default download folder unless specified otherwise.

Re-import the data into the demo app or verify if the file uploaded included all necessary rows.

• Yes, as long as the CSV is structured clearly per bank. Alternatively, import each account separately for easier reconciliation.

No, it is a cloud-based platform requiring internet access to sync data and access environments.