Balanced Labs, a start-up company, is developing a cloud-based tax application. Founded by two former Xero executives, Balanced Labs also plans to develop collaboration and workflow tools for accountants, according to a bare-bones website established by the company, which is based in San Francisco, Calif., and Sydney, Australia.
Balanced Labs was founded by CEO Stuart McLeod, and CTO John Freeman. They co-founded PayCycle Australia, which was purchased by New Zealand-based Xero in 2011. Ian Vacin, VP of marketing and product for Xero since April 2012, has also joined the new organization.
The company has posted a job advertisement for an engineer to work with the CTO on a SaaS-based tax application. They also seek a Senior Front End Developer in San Francisco “to build more intelligent collaboration and workflow tools” for accountants with immediate work on a mobile app.
The website description of the purpose Balanced Labs is that “We are creating new tools for modern accountants and the companies they serve.” It says these are being developed for accountants everywhere. The company also describes itself as growing aggressively and well-funded.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
