AI-Powered Cloud Accounting for UK, Africa & Beyond

The Accounting Platform Built for How You Actually Work

15+ modules. 13 financial reports with branded PDF & Excel export. 12 jurisdictions. AI audit with Big 4 methodology. Custom report builder.

FIFO/LIFO inventory costing, rule-based bank reconciliation, period lock enforcement, multi-entity consolidation, cash runway analysis, and financial ratio dashboards — everything Xero, QuickBooks, and Sage charge extra for or simply don't offer.

15+
Modules
13
Financial Reports
12
Jurisdictions
3
Export Formats
30/30
vs Xero 9/30

Pain Points We Solve

We listened to thousands of accountants frustrated with existing software. Here's what they told us — and how Runox fixes it.

Common complaint about Xero

I can't do FIFO or LIFO costing. Xero only supports weighted average for inventory.

Runox: Full FIFO, LIFO, and weighted average costing with cost layer tracking. See exactly which purchase batch each sale draws from.

Common complaint about QuickBooks

Exporting reports to PDF gives me an ugly, unbranded document I can't send to clients.

Runox: Branded PDF reports with your firm logo, professional layouts, summary cards, and page numbers — generated client-side with @react-pdf/renderer.

Common complaint about Xero

I need to consolidate 5 entities but Xero doesn't support multi-entity at all.

Runox: Multi-entity consolidation with elimination entries, inter-entity balancing, and group-level reporting — built in, no add-on needed.

Common complaint about Sage

Bank reconciliation is painful. No auto-matching, no learning from past matches.

Runox: AI bank reconciliation with rule-based matching, fuzzy matching (date window + amount tolerance), duplicate detection, and confidence scoring that learns over time.

Common complaint about QuickBooks

I can't lock periods. My staff accidentally post to closed months and mess up filed returns.

Runox: Period lock enforcement prevents any posting to locked periods. Lock by month, quarter, or year — with admin override for corrections.

Common complaint about Xero

I want to see financial ratios, cash runway, DSO/DPO — but I have to export to Excel and calculate manually.

Runox: 13 built-in financial reports including Financial Ratios, Cash Runway, DSO/DPO, Revenue Concentration, Expense Trends, and Working Capital — with charts and one-click export.

Common complaint about All

I operate in Nigeria and the UK. No single software handles both FIRS and HMRC properly.

Runox: 12 jurisdictions with accurate, researched tax rules. HMRC MTD for the UK, FIRS e-invoicing for Nigeria, and 10 more — all in one platform.

Common complaint about Sage

I can't build custom reports. The built-in reports are rigid and I always need something different.

Runox: Custom Report Builder with drag-and-drop columns, sort/group controls, column reorder, row limits, preset date ranges, and instant PDF/Excel export.

Common complaint about QuickBooks

No comparative reports. I can't show my client this year vs last year side by side.

Runox: Comparative P&L and Balance Sheet with period-over-period variance analysis — shows amount change and percentage change for every line item.

Three Modes, One Platform

Switch between modes with a single toggle — your data stays connected.

Company Mode

Full accounting for your own business

  • Own accounts & chart of accounts
  • Jurisdiction-specific tax (HMRC / FIRS)
  • Integrated HR & payroll
  • Real-time dashboards & reports
  • PDF & Excel export on all reports

Accountant Mode

Multi-client practice management

  • Multi-client dashboard
  • Document hub with client folders
  • Compliance checklists & deadlines
  • Practice billing & time tracking
  • Branded PDF reports for clients

HMRC MTD Mode

UK Making Tax Digital compliance

  • OAuth 2.0 HMRC connection
  • VAT returns (MTD compliant)
  • ITSA quarterly updates
  • Payroll RTI submissions (FPS/EPS)
  • CSV upload → XML conversion

15+ Core Modules

Everything you need to run a modern accounting practice — no add-ons required.

Chart of Accounts

350+ pre-built accounts with jurisdiction-specific templates for all 12 countries

Journal Entries

Auto-reversals, recurring entries, double-entry validation, period lock enforcement

Invoicing & Billing

Professional invoices with auto-reminders, payment tracking, and multi-currency support

AI Powered

Bank Reconciliation

AI auto-match with confidence scoring, rule-based matching, fuzzy matching, and duplicate detection

Accounts Payable

Batch payments, approval workflows, supplier credits, and aged payables analysis

Accounts Receivable

30/60/90 aging analysis with automated chase sequences and DSO tracking

Fixed Assets

Straight-line, declining balance, and sum-of-years depreciation with disposal tracking

New

Inventory

FIFO, LIFO, and weighted average costing with cost layer tracking and real-time valuation

Budgets & Forecasting

Variance analysis with department-level tracking and period-over-period comparison

Expense Claims

Multi-level approval flows with receipt capture and policy enforcement

Document Management

Complete audit trail with version control, 25MB per file, unlimited storage

Enhanced

Financial Reports

13 report types with branded PDF export, Excel download, and comparative analysis

New

Custom Report Builder

Drag-and-drop columns, sort/group controls, filters, row limits, and instant export

New

Period Lock

Lock months, quarters, or years to prevent accidental postings to filed periods

Multi-Currency

11 currencies with real-time exchange rates, unrealised gains/losses, and revaluation

VAT & Tax

Auto-calculated VAT returns, corporation tax computation, withholding tax schedules

13 Financial Reports. Branded PDF. One Click.

Every report exports to branded PDF (with your firm name, professional layout, and page numbers) or Excel — instantly. No more copying data to spreadsheets.

Branded PDF Excel / XLS CSV Print

Core Financial Statements

Profit & Loss

Income vs expenses with category breakdown, net profit/loss, and margin percentages

PDFExcelCSV

Balance Sheet

Assets, liabilities, and equity with sub-category drill-down and balance verification

PDFExcelCSV

Cash Flow Statement

Operating, investing, and financing activities with net cash position

PDFExcelCSV

Trial Balance

Opening, period, and closing balances with 9-column layout and debit/credit check

PDFExcelCSV

General Ledger

Full transaction detail by account with running balance and date filtering

PDFExcelCSV

Aged Receivables / Payables

30/60/90/90+ day buckets with client-level breakdown and total exposure

PDFExcelCSV

Advanced Analytics

New

Financial Ratios

Current ratio, quick ratio, D/E, ROA, ROE, working capital, gross & net margin

Monthly P&L Trend

12-month trend with direction indicators (improving/declining/stable)

Cash Runway

Current cash, average monthly burn rate, and months of runway remaining

DSO / DPO / CCC

Days Sales Outstanding, Days Payables Outstanding, Cash Conversion Cycle

Expense Trends

Top 10 expense accounts with 6-month breakdown and month-over-month change

Revenue Concentration

Client Pareto analysis — see if 80% of revenue comes from 20% of clients (HHI index)

Working Capital

Current assets vs current liabilities by sub-category with visual breakdown

Comparative Reports

P&L and Balance Sheet with period-over-period variance (amount + percentage change)

Custom Report Builder

New

Build any report you need. Select dimensions, metrics, filters, and grouping — then export instantly.

Drag-and-drop columns
Column reorder arrows
Sort by any column
Group by dimension
Row limit controls
Preset date ranges
Filter by account/type
Instant PDF & Excel export
PRESET DATE RANGES
This MonthLast MonthThis QuarterLast QuarterYear to DateLast Financial Year
New

FIFO / LIFO Inventory Costing

True cost layer tracking — not just weighted average. See exactly which purchase batch each sale consumes.

  • FIFO: oldest cost layers consumed first
  • LIFO: newest cost layers consumed first
  • Weighted average: automatic recalculation
  • Cost layer audit trail with quantities & unit costs
  • Accurate COGS for every transaction
  • Opening stock auto-creates initial cost layers
Enhanced

Smart Bank Reconciliation

Three-tier matching engine that learns from your patterns and gets smarter over time.

  • Rule-based matching: exact, contains, starts_with, regex
  • Fuzzy matching: ±1% amount tolerance, 4-7 day date window
  • Duplicate transaction detection with similarity scoring
  • Confidence scoring (85-100%) on every match
  • Auto-create journal entries from matched rules
  • Create, edit, and prioritise matching rules

Enterprise Modules

For multi-entity businesses and complex group structures.

Multi-Entity Consolidation

Consolidate financials across subsidiaries with elimination entries and inter-entity balancing.

Tracking Dimensions

4-axis tracking — department, project, location, and custom — for granular cost analysis.

Intercompany Transactions

Automated matching, netting, and settlement of transactions between group entities.

Paperless & Compliance-Ready

Every Posting. Every Document.

Attach supporting documents to any transaction. 25MB per file, unlimited storage.

Journal Entries
Bills & Invoices
Sales Invoices
Purchase Orders
Expense Claims
Fixed Assets
Sales Orders
Inventory Adjustments
PDFJPEG/PNGExcelWordCSV

Why This Matters for Compliance

Digital record-keeping is no longer optional — it's the law.

  • HMRC Digital Records
    Making Tax Digital requires digital links from source to return. Runox maintains unbroken digital chains.
  • Full Audit Trail
    Every edit, every approval, every attachment — timestamped and immutable for auditors.
  • FIRS E-Invoicing
    Nigeria's Federal Inland Revenue Service mandates e-invoicing. Runox generates compliant XML automatically.
  • Period Lock Enforcement
    Lock closed periods to prevent accidental postings. No more staff posting to months you've already filed.

AI Intelligence Suite

Three AI engines working together to automate, audit, and protect your finances.

AI Bank Reconciliation

Three-tier matching engine with rule learning, fuzzy matching, and duplicate detection.

Rule-based match100%
Exact match95%
Fuzzy match (±1%)85%
  • Custom matching rules (exact/contains/regex)
  • Fuzzy reference matching
  • Amount tolerance matching
  • Duplicate transaction detection
  • Auto-create journal entries
  • Confidence scoring on every match

AI Audit Engine

9-phase audit methodology aligned with ISA standards and Big 4 best practices.

  1. 1Engagement Planning (ISA 300)
  2. 2Risk Assessment (ISA 315)
  3. 3Materiality Setting (ISA 320)
  4. 4Internal Controls (ISA 330)
  5. 5Substantive Procedures (ISA 500)
  6. 6Analytical Procedures (ISA 520)
  7. 7Sampling & Testing (ISA 530)
  8. 8Going Concern (ISA 570)
  9. 9Report & Opinion (ISA 700)

AI Tax & Compliance

Jurisdiction-aware tax engine covering 12 tax authorities.

  • Auto-classify deductible vs disallowable expenses
  • Optimal relief & allowance suggestions
  • VAT return pre-population
  • Corporation tax computation
  • Transfer pricing documentation
  • Year-end tax planning scenarios

Fraud Detection Engine

Six AI-powered vectors to catch anomalies before they become losses.

Benford's Law
Statistical digit analysis on all amounts
Ghost Employees
Payroll anomaly detection and duplicate matching
Transaction Splitting
Detect amounts split to avoid approval thresholds
Vendor Fraud
Duplicate supplier detection and shell company flags
Expense Cloning
Near-duplicate receipt and claim identification
Journal Abuse
Unusual manual entries, weekend postings, round amounts

12 Jurisdictions, One Platform

Accurate tax rules, localised payroll, and compliance for every market you operate in.

🇬🇧

United Kingdom

Full HMRC MTD compliance

  • HMRC MTD VAT returns (OAuth 2.0)
  • ITSA quarterly updates
  • RTI payroll submissions (FPS/EPS)
  • Corporation Tax computation (CT600)
  • PAYE 20/40/45%, NIC, Student Loans
  • Auto Enrolment pension compliance
🇳🇬

Nigeria

FIRS e-invoicing & compliance

  • FIRS e-invoicing (XML generation)
  • PAYE 7-24% with CRA relief
  • Pension 8% + 10% employer
  • NHF 2.5%, NSITF 1%, ITF 1%
  • Withholding Tax schedules
  • Multi-currency (NGN/USD/GBP)
🇬🇧
United Kingdom
GB

HMRC MTD, PAYE, NIC, VAT

🇳🇬
Nigeria
NG

FIRS, PAYE, Pension, WHT

🇬🇭
Ghana
GH

GRA, SSNIT, PAYE 0-35%

🇰🇪
Kenya
KE

KRA, NSSF, SHIF, Housing

🇿🇦
South Africa
ZA

SARS, UIF, SDL, PAYE 18-45%

🇦🇪
UAE
AE

No income tax, GPSSA, VAT 5%

🇮🇳
India
IN

New regime, PF, ESI, GST

🇸🇬
Singapore
SG

IRAS, CPF, SDL, GST

🇮🇪
Ireland
IE

Revenue, USC, PRSI, PAYE

🇦🇺
Australia
AU

ATO, Super, Medicare, GST

🇺🇸
United States
US

IRS, FICA, FUTA, State tax

🇨🇦
Canada
CA

CRA, CPP, EI, GST/HST

GBPNGNUSDGHSKESZARAEDINRSGDEURAUD

Practice Management for Accountants

Run your practice as efficiently as your clients' books.

Client Registry

Centralised client database with contact management, engagement letters, and fee schedules.

Document Hub

Organised document storage with client folders, version history, and secure sharing.

Compliance Checklists

Automated deadline tracking for VAT returns, CT600, annual accounts, and HMRC filings.

Practice Billing

Time-based and fixed-fee billing with WIP tracking, invoicing, and aged debt reports.

What Sets Runox Apart

Features your current software doesn't have — and won't build.

Exclusive

Branded PDF Reports

Professional reports with your firm name, summary cards, colour-coded sections, and page numbers. Generated client-side — no server rendering delays.

Exclusive

FIFO / LIFO Cost Layers

True cost layer tracking with audit trail. See exactly which purchase batch each sale consumes — not just weighted average.

Exclusive

7 Advanced Analytics Reports

Financial Ratios, Cash Runway, DSO/DPO, Revenue Concentration (HHI), Expense Trends, Working Capital, Monthly P&L Trend — with Recharts visualisations.

Exclusive

Custom Report Builder

Drag-and-drop dimensions and metrics, column reorder, sort/group controls, row limits, and instant PDF/Excel export.

Exclusive

Rule-Based Bank Matching

Create custom matching rules with exact/contains/regex patterns. Set priorities, enable auto-journal creation, and detect duplicates.

Exclusive

Comparative Financial Statements

P&L and Balance Sheet side by side — current period vs prior period with variance amounts and percentages.

How Runox Compares

30 features that matter. See who delivers.

FeatureRunoxXeroSageQuickBooksWave
Double-entry accounting
Multi-currency
Bank reconciliation
Fixed assets
Inventory (weighted avg)
FIFO / LIFO inventory costing
Multi-entity consolidation
Tracking dimensions (4-axis)
AI audit (ISA methodology)
AI tax computation
Benford's Law fraud detection
FIRS e-invoicing (Nigeria)
HMRC MTD (VAT + ITSA)
Multi-client accountant portal
Integrated HR & payroll (12 countries)
Intercompany transactions
12 jurisdiction tax engine
Branded PDF report export
Excel / XLS export
CSV export
Custom report builder
Comparative financial statements
Financial ratio dashboard
Cash runway analysis
DSO / DPO / CCC metrics
Revenue concentration (HHI)
Rule-based bank matching
Period lock enforcement
Legal trust accounts
Document hub & checklists
Total30/3010/309/3010/303/30

Frequently Asked Questions

Stop Paying for Software That Doesn't Know Your Tax Law

15+ modules. 13 financial reports. 12 jurisdictions. Branded PDF export. AI-powered audit & fraud detection. One platform.