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 ..read more

The modern accountant's role has never been more multifaceted, and with the introduction of the new TPB regulations, the role has received yet another layer of complexity. As per the TPB Practice Note (TPBPN 5/2022), there's an increasing demand for accountants to verify the identity of their clients. While this measure intends to promote accountability and deter fraudulent activities, it is undeniably introducing a slew of challenges for professionals in the industry. 1. The Manual Effort of Individual Checks The predominant issue lies in the time and effort required to manually complete ..read more

Want your staff to have more time to focus on providing value-add services to clients? More time to be able to progress ATO statement reconciliations (GST, Wages etc) even when the ATO Portal is down? And less time on monotonous data entry work and minimise errors?   Well, Atosa might be for you! Atosa has been designed to save accountants time, and reduce errors by automating the ATO statement reconciliation. It assists in reconciling ATO Online Services for Agents data (Activity Statements and Account Statements) to financial statements. Atosa was developed by Garth Drinkwater, a char ..read more

In today's fast-paced digital economy, businesses and tax professionals are constantly looking for ways to streamline their processes, reduce costs, and stay compliant with the ever-changing regulatory landscape. One such innovation that has been gaining traction in recent years is eInvoicing. The Australian Taxation Office (ATO) has recognized the potential of eInvoicing and has been working closely with software developers to implement this technology across various industries. In this blog, we'll explore what eInvoicing is, its benefits, and how the ATO is support ..read more

We have heard that in the accounting industry there is often a disconnect with client communication. As an accountant, part of the services that you provide is communication with your clients. This may be communication about the ways they will need to access data and information you send to them. Communication about moving your firm to upfront pricing, due to engaging a new piece of software like Ignition. Communication about having to use two-factor authentication going forward, or as a matter of fact, any type of changes that are made within your business. It’s important to communicate and ..read more

In the dynamic landscape of accounting, it's not enough to just crunch numbers. More than ever, clients need trusted advisors who can bring fresh perspectives to their long-standing challenges, envisioning and achieving unlimited possibilities. One such challenge that often goes overlooked is managing renewals. The Challenge: Managing Renewals Enter Manage My Renewals (MMR), a tool designed to help businesses stay organised and in control of their renewals. From insurances, vehicle registrations, licences, to subscriptions and certifications, MMR centralises renewal dates and sends automated ..read more

At Clarity Street, we strive for a best practice approach to practice, and as such, we do our best to keep up to date with all of the latest applications, adjusting our App Stack accordingly.  Our latest App Stack comes with a new addition that revolutionises practice management in your accounting firm.  More details below! For the operational apps that appear on our App Stack, one of the prerequisites is that it needs to integrate with other apps in the stack (ideally practice management, tax or ledgers) to aid in creating an interconnected and efficient client lifecycle process f ..read more

As businesses have grown, they've adopted various digital solutions to tackle specific tasks. However, many of these solutions are specialised, designed to solve only one problem, leaving manual work like data entry and consolidation still necessary to transfer information between systems. Recognising the need for connectivity between traditional legacy and newer online systems, bluesheets was designed as an end-to-end workflow automation solution. Bluesheets uses intelligent process automation (IPA) technology to seamlessly import, digitise, and process data which can be mapped and exported ..read more

At Clarity Street, we strive for a best practice approach to practice, and as such, we do our best to keep up to date with all of the latest applications, adjusting our App Stack accordingly.  Our latest App Stack comes with a new addition that can help improve the operations and effectiveness of your practice.  More details below! Seamlss Seamlss is the latest app to join our App Stack under 'Engagement, Invoicing & Payment'.  It revolutionises client onboarding and re-engagements for accounting firms. Seamlss is a comprehensive client onboarding and engagement platform ..read more

Have you ever found yourself working for free, even though you know you should be charging for your services? It's a common issue that many accountants and bookkeepers face, and it can have hidden costs that we may not even realise. As business owners, we often struggle with the balance between being generous and over-delivering. We want to help people, and we want to build our businesses, but we also have a finite amount of time and energy. This is where the topic of working for free comes in. Working for free is not just about giving away our services without charge; it can also involve gi ..read more