What Does the 'REX' Stand For?

REVREX is a crucial accounting and analytics solution for accurate revenue reporting, protecting businesses from assumptions of under-reporting. Utilizing third-party data, it reconciles revenue, providing a reliable “scoreboard” for quick verification. This streamlines interactions with bankers, taxing agencies, accountants, and brokers. By bridging the gap between SMBs and accountants, REVREX aligns expectations and enhances accuracy in revenue reporting.

REVREX simplifies expense management by syncing bank transactions into a user-friendly register. Users assign codes to effortlessly classify expenses into proper accounts, eliminating the need for a tedious account ledger program. Acting as an all-in-one solution, REVREX replaces traditional bookkeeping software with its simplified general ledger system, enhanced by AI for improved efficiency and accuracy. With financial statements available monthly at a click, businesses gain a comprehensive understanding of their expenses, consistently tracked, classified, and accurately reported as a percentage of revenue.

REVREX simplifies the exit strategy process by monitoring crucial business valuation data such as CAGAR, EBITDA, EBITDA multiple, and cash flow. Whether the exit is voluntary or involuntary, the platform ensures easy access and exportability of all necessary data, facilitating a seamless transition. Recognizing the importance of exit strategies, REVREX encourages planning for both scenarios, providing a comprehensive mechanism to track progress, monitor business health, and estimate basic valuation—all conveniently accessible through a single dashboard. With 24/7 cloud access, users can retrieve essential business valuation data without the need for additional engagements or costs. Know your business value with REVREX.

Less Paperwork, More Control.

Gain the leverage you need to challenge any tax audit.

Taxing Entities Are Digging Deep, Preparing for Audits While You Go About Your Daily Business.

Tax advisors are no longer equipped to react to the demands of increasingly aggressive taxing agencies. With offices running leaner, lengthy audits can irreparably harm a business and the tax advisor’s reputation. A reactionary approach to audits doesn’t work anymore.

All tax returns filed are time bombs. Accuracy is challenged by a taxing agency accessing a third-party data source for compliance. Agencies have the resources to place an extra burden of proof on the SMB in a constricted time period to respond.

Federal and state governments are focused on maximizing tax receipts. Outdated audit manuals, following the “this is how we’ve always done it” procedure are helping them achieve that goal.

New electronic payment methods from emerging online distribution services, such as DoorDash and Uber Eats, complicate tax reconciliation, creating a “grey area” for interpretation by the taxing agency; usually to their benefit.

Mike Rasmussen, CPA

With over 35 years as a CPA, Mike has successfully resolved over 200 tax controversies for small business owners (SMBs) being audited by various taxing agencies. He created REVREX as an online, secure portal to reconcile third-party data and quantify a tolerance score, exposing discrepancies to investigate.

This scoreboard was designed to be a communication tool between the client and his CPA Firm, allowing the SMB owner 24/7 access to results. When a state taxing agency inquiry was received, Mike placed the burden immediately back on the state to prove their third-party database matching tool. REVREX empowered his firm to initiate a culture of accuracy and preparedness, by proactively matching CPA delivered results with third-party databases – beating state taxing agencies to the punch.

REVREX allows better analysis of accounting results for SMB’s and has engaged open dialogue, resolving any points of discrepancy immediately versus addressing these reactively when a state taxing agency issues an inquiry. SMB’s can now focus on operations and profitability instead of looking in the rearview mirror. Peace of mind is increased.