Allocations - Learn everything you need to know

March 28, 2024
minutes to read
Jaala Alex
Table of Contents

Are you a small business owner looking to revolutionise your budgeting process? If so, then you're in luck because today, we're diving into the innovative features of Thiday that simplify budgeting, automate profit distributions, and delight customers.

Thiday, the dynamic financial management tool, has introduced a game-changing feature: allocations. This feature isn't just any ordinary addition; it's a strategic tool that empowers small businesses to manage their finances effortlessly, save for tax time, and automate profit distributions to different accounts. Let's delve into how Thiday's allocations feature transforms how small businesses handle their budgets.

Effortless Budgeting and Saving for Tax Time

One of the biggest headaches for small business owners is managing finances effectively while preparing for tax season. With Thiday's allocations feature, this daunting task becomes a breeze. Users can designate specific amounts of their revenue to be automatically allocated to different expense categories, savings, and tax obligations by setting up allocations.

Imagine no longer having to scramble to set aside funds for taxes or worrying about overspending in certain areas of your business. Thiday's allocations ensure you stay on track with your financial goals by allocating funds where they need to go from the get-go. It's like having a personal financial advisor guiding your budgeting decisions every step of the way.

Automating Profit First Distributions

Profit First, the revolutionary cash management system popularised by Mike Michalowicz, emphasises the importance of allocating profit first before any expenses. Thiday takes this principle to the next level by automating profit distributions to different accounts, making it easier than ever for small businesses to prioritise profitability.

With Thiday, you can customise your profit allocations based on your business's needs and goals. Whether you're allocating funds for owner's pay, taxes, profit, or operating expenses, Thiday ensures that your finances are distributed efficiently and effectively. Say goodbye to manual profit distributions and hello to automated financial success.

Customer Satisfaction Guaranteed

It's not just small business owners who are reaping the benefits of Thiday's allocations feature; customers also love it. With seamless budgeting, simplified tax preparation, and automated profit distributions, Thiday is winning over users with its user-friendly interface and powerful capabilities.

Customers appreciate the peace of mind of knowing their finances are in good hands. By automating tedious financial tasks and providing insights into their business's economic health, Thiday empowers users to focus on what they do best—running their businesses.

Final thoughts

In today's fast-paced business world, efficient budgeting and financial management are essential for small business success. With Thiday's allocations feature, small business owners can easily streamline their budgeting process, save for tax time, and automate profit distributions. Customers are raving about Thiday's intuitive interface and powerful capabilities, making it a must-have tool for any small business looking to take control of their finances.

If you're ready to revolutionise your budgeting process and take your small business to the next level, it's time to give Thiday a try. Say goodbye to financial stress and hello to economic success with Thiday's allocations feature. Your business—and your bottom line—will thank you.

DISCLAIMER: Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360 AFSL 241167 (Regional Australia Bank). Regional Australia Bank is the issuer of the transaction account and debit card available through Thriday. Any information provided by Thriday is general in nature and does not take into account your personal situation. You should consider whether Thriday is appropriate for you. Team Thrive No 2 Pty Ltd ABN 26 677 263 606 (Thriday Accounting) is a Registered Tax Agent (No.26262416).

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