Welcome to Balancer
Balancer is the safety net that ensures your intercompany loan accounts will never again fall out of balance
Balancer is providing peace of mind to finance teams everywhere
User interface is very simple to understand and just being able to see what both sides have in terms of postings on ONE screen is great!
We've just finished our first month-end using Balancer. We really like it so far, it's quick and simple and we are looking forward to being able to post journals directly in Xero using it!
When I joined the company, the rest of the finance team were excited to show me Mayday. I can see why. This is such a great solution for the pain points of being multi-entity with Xero. It is really helping us scale seamlessly with Xero as a business.
How does Balancer work?
1: Balancer monitors your intercompany loan accounts
Set your loan account mappings and let Balancer do the work for you
Set your loan account mappings
This lets Balancer know which intercompany loan accounts to compare for discrepancies
Balancer keeps track
Balancer cross-checks your intercompany loan accounts to ensure equal amounts are displayed in all entities
2: You review any discrepancies
Balancer will highlight any discrepancies for you to be able to quickly find the culprit
Locate any discrepancies
View how the discrepancy varies line by line
Rectify posting asymmetry
Easily spot which posting needs to be corrected
3: One-click post any adjustments
Simply one-click post any adjustments back to Xero or Quickbooks Online.
FX
One-click post your FX adjustment journal
Interest
Set the interest rate that should apply to the loan and Balancer will auto-calculate the adjustment for you to one-click post
