 The accounting and bookkeeping world is becoming inundated with applications. Maintaining the correct balance within your app stack is a constant battle for firms. There is a constant pursuit for solutions that streamline processes, enhance productivity, and ultimately make life easier, without breaking the bank. The team at Hero Blue, however, feel there is one area of accounting that is still being completed mostly manually, off the cloud, and after the fact, poorly. And the team at Hero Blue are here to fix that! Hero Blue is a cloud based, finance schedule generation and storage solution. They provide real value by moving their customers away from spreadsheets and desktop software and into the cloud. Apart from being cloud-based, their main point of difference is that their solution integrates with Xero via their API to sync your schedules in real time, so that your accounting records are in sync at all times. Hero Blue is a solution dreamt up by Christopher Dodson, a fellow accountant and firm owner. Chris teamed up with a couple of guys who originally called themselves the bearded developers and between the three of them they created a standalone intuitive solution to simplify and automate an otherwise laborious task. The patriotically Australian team are all experts in their fields and are passionate about the innovative solution that they have created today called Hero Blue.  What problem does Hero Blue solve?
Most of the time finance leases, chattel mortgages, hire purchase loans, however you like to refer to them, are reconciled at year end, in bulk, by a tax accountant. Realistically this solution is not efficient, accurate or timely. Expenses are not realised in the correct month, fortnight or week for management accounting purposes and often accountants take shortcuts in the reconciliation process because of the laborious nature of splitting schedules up between up to four liability accounts, per schedule in the balance sheet. Simply put, the value proposition for doing it properly doesn’t often doesn’t add up. Hero Blue is here to fix this problem. In Hero Blue you can generate your schedules, connect your entities to Xero, select the chart of account lines you want to reconcile to, turn on our auto sync feature and then blissfully forget about reconciling the schedule for the term of the loans. Key Features and Benefits Feature 1: Cloud-based generation and storage of finance lease schedules, segregated by organisation, entity. Feature 2: Xero Integration with Auto Sync (set and forget your schedules). Automatically synced to Xero via a spend money transaction straight into the bank on the day the transactions occurs, ready to match off against the bank feed. Feature 3: Unlimited Users, Competitive Pricing and only pay for your schedules integrated with Xero. Hero Blue points of difference
We've heard that they've got a range of features in the pipeline in the coming months, so make sure to keep an eye on their socials and website! If you'd like to find out more about how Hero Blue could benefit your accounting firm, and work within your current App Stack, get in touch with us, or book a meeting here. © Clarity Street 2024 ____ To find out more about Hero Blue, visit their website at www.heroblue.com.au/ Comments are closed.
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AuthorClarity Street was conceived from years of engaging with Accounting firms on a daily basis and a constant desire to make Accounting firms & SME’s more efficient and profitable. Archives
November 2024
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