The Power of One: How Thriday Automates Banking, Accounting and Tax

February 20, 2024
8
minutes to read
by
Alice Surdy
Table of Contents

Time is precious when running a small business, and you know just how time-consuming and complex financial admin can be! It can be a lot to handle, from managing multiple bank accounts to keeping track of expenses and taxes. This is where Thriday comes in. Thriday is an all-in-one financial management platform that automates banking, accounting, and tax. In this blog, we'll explore the benefits of using Thriday for your small business financials. You'll learn how Thriday can save time and money, increase accuracy, and provide real-time visibility into your business's financial health.

Why Financial Admin Eats Up Time

Financial administration can be one of the most challenging aspects of running a business for many small business owners. From managing payroll and invoices to reconciling bank transactions and filing taxes, there are countless tasks that need to be completed. 

Unfortunately, these tasks can also be incredibly time-consuming, often taking up hours of your day that could be better spent on more critical business activities.

According to a survey conducted by Thriday, small business owners spend an average of 6 hours per week on accounting and bookkeeping tasks. This may not sound like much, but it adds up to over 40 business days a year – time that could be spent growing your business, generating new leads, and developing your team.

"According to a survey conducted by Thriday, small business owners spend an average of 6 hours per week on accounting and bookkeeping tasks."

This is where Thriday can make a significant difference. By automating many of these tasks, Thriday can save you time and energy, allowing you to focus on the core aspects of your business. 

The following section will explore how Thriday streamlines banking, accounting, and tax processes, providing small businesses with a fast and easy financial admin tool.

How Thriday Automates Banking, Accounting, and Tax

Thriday is an all-in-one software solution that streamlines banking, accounting, and tax processes all in one place. Thriday's automation technology eliminates the need for manual data reconciliation, freeing up your valuable time and reducing the risk of errors.

With Thriday, you can set up multiple bank accounts*, Visa Debit cards* and get your invoices and payments processed, allowing you to view all of your financial transactions in one place. Thriday then automatically categorises transactions and reconciles GST, providing an accurate and up-to-date view of your financial and tax situation.

Thriday's accounting features include receipt scanning, expense management, financial reporting and BAS lodgment. You can easily do everything you need in just a few taps. Thriday's tax features are incredibly powerful, allowing you to track and calculate taxes owed, file taxes online, and generate tax reports.

You can join Thriday for free and automate these tasks in your business today. If you want to learn more about how much time Thriday can save you on financial admin, take the Thriday time saver quiz.

In the next section, we'll explore the benefits of consolidating banking, accounting, and tax tasks into one platform.

Thriday's all-in-one financial management platform

The Benefits of Having Banking, Accounting, and Tax in One Platform

One of the biggest benefits of using Thriday is consolidating all of your banking, accounting, and tax activities into one platform. This has several significant advantages for small business owners:

  • Efficiency: With Thriday, you can manage all your financial tasks in one place, eliminating the need to switch between multiple platforms or applications. This saves you time and increases your productivity.
  • Accuracy: Thriday reduces the risk of errors by automating many manual bookkeeping tasks. This ensures that your financial data is accurate and up-to-date.
  • Real-time visibility: Thriday provides real-time visibility into your financial situation, allowing you to make informed decisions about your business.
  • Security: Thriday uses bank-level security measures to protect your financial data. This ensures that your data is secure and protected from fraud.
  • Powerful technology: Thriday's automation technology, including AI and ML, provides advanced financial management capabilities that were once only available to larger businesses.
  • Intelligent insights: Thriday's intelligent insights and analytics tools provide valuable insights into your financial performance, helping you identify improvement areas and make informed decisions.
  • No training: Thriday does not require any training or accounting knowledge to get started. You can join for free and immediately get access to these benefits.

The following section will explore what makes Thriday so powerful and how it can benefit your small business.



What Makes Thriday So Powerful

Thriday is a powerful all-in-one software solution that provides fast, easy, accurate, and secure financial administration for small businesses. Here are some of the key features that make Thriday so powerful:

  1. Automated processes: Thriday automates many of the most time-consuming and tedious financial tasks, reducing the need for manual data entry and increasing accuracy.
  2. Real-time data: With Thriday, you can access real-time financial data, making informed decisions about your business.
  3. AI and ML technology: Thriday uses advanced automation technology, including AI and ML, to provide powerful financial management capabilities.
  4. Smart insights: Thriday's intelligent insights and analytics tools provide valuable insights into your financial performance, helping you identify improvement areas and make informed decisions.
  5. Affordable pricing: Thriday is an affordable solution for small businesses, you can join for Free and if you need to use premium features like automated accounting, bookkeeping, invoicing, receipts and tax, it's only $29.95 per month.
  6. Dedicated support: Thriday's customer support team is available to help you with any questions or issues, ensuring that you get the most out of the software.

In the next section, we'll explore how to switch to Thriday and start with fast, easy, and accurate financial administration for your small business.



Thriday FAQs

What is Thriday?

Thriday is an all-in-one software solution for small businesses that provides fast, easy, accurate, and secure financial administration. Thriday helps you manage your banking, accounting, and tax in one powerful platform.

What are the benefits of using Thriday?

Thriday provides various benefits, including automation, real-time data, AI and ML technology, smart insights, affordable pricing, and dedicated local customer support. With Thriday, you can streamline your financial administration and increase your productivity.

Can I connect my existing bank accounts to Thriday?

No, Thriday allows you to open new bank accounts* to separate business and personal expenses. By opening new accounts, Thriday can automate your transaction categorisation, GST reconciliation and tax. This is not possible with your existing bank accounts. Once Thriday processes all your taxes, you can move funds to your current accounts at any time.

Is Thriday secure?

Yes, Thriday is a secure platform that uses industry-standard encryption and security protocols to protect your data.

How much does Thriday cost?

Thriday offers a range of pricing plans to suit your needs and budget. The most popular plan is the $29.95 premium package.

Is there a free trial of Thriday?

Yes, Thriday offers a free 1-month trial, so you can try the platform before you buy. Sign up for a free trial on the Thriday website.

What kind of customer support does Thriday offer?

Thriday provides dedicated customer support to help you with any questions or issues. You can contact Thriday's customer support team via phone, chat or email.


Thriday is a game-changing solution for small business owners who want to simplify their financial administration. With Thriday, you can automate your banking, accounting, and tax, access real-time data, and gain valuable insights into your financial performance. Thriday's AI and ML technology, smart insights, and affordable pricing make it a powerful and intelligent platform that can help you increase productivity and grow your business. By switching to Thriday, you can save time, reduce errors, and focus on what you do best – running your business. So why wait? Join Thriday for free today and experience the benefits of fast, easy, and accurate financial administration.

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.

Why waste time on financial admin when Thriday can do it for you?

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