Thriday For Companies

February 20, 2024
5
minutes to read
by
Alice Surdy
Table of Contents

Are you a small business eagerly awaiting Thriday's expansion to cater to companies, partnerships, and trusts? You're not alone! Thriday, the innovative accounting platform that has been transforming the lives of sole traders, is on the verge of making its services available to a broader audience. In this blog, we'll explore what Thriday currently offers to sole traders, discuss the highly anticipated launch for companies, delve into the exciting features that will soon be available, and touch upon Thriday's future plans for partnerships and trusts.

Thriday's Support for Sole Traders

As a sole trader, you've likely already experienced the convenience and efficiency that Thriday brings to your accounting and financial management. Thriday has established itself as a trusted companion for sole traders, offering a range of features designed to simplify their financial lives. 

  • Income and Expense Tracking: Thriday allows sole traders to track their income and expenses effortlessly, providing a clear and up-to-date view of their financial health. With an integrated bank account* and Visa Debit card* gone are the days of juggling paper receipts and manual calculations. 
  • Tax Calculation and Filing: Thriday's intuitive BAS and tax calculation and filing capabilities make tax season a breeze. No more sleepless nights worrying about complex tax forms; Thriday guides you through the process, ensuring accuracy and compliance. 
  • Invoicing and Payment: Thriday enables users to create professional invoices, send them to clients, and even receive payments through the platform. Say goodbye to the hassle of chasing payments and managing invoices in multiple places. Thriday will even send automated payment reminders so you don't have to bug your clients!
  • Financial Reports: Thriday generates detailed financial reports, helping sole traders understand their business performance and make informed decisions. These reports provide valuable insights into areas where you can optimise your operations. 

The Exciting News: Thriday for Companies

Let's talk about what you've been eagerly awaiting – Thriday's expansion to support companies. The good news is that Thriday is committed to delivering a seamless transition for businesses of all sizes. While an exact launch date is not yet set in stone, you can rest assured that the Thriday team is working tirelessly with its partners to bring this service to you as soon as possible.

Thriday for Companies promises a wealth of features and capabilities that will empower businesses to thrive. Here's a sneak peek at some of the exciting features you can expect: 

  1. Multi-User Access: Companies will be able to grant access to multiple team members, allowing for collaborative financial management. This feature enhances transparency and facilitates teamwork. 
  2. Asset & Liability Register: Bigger businesses tend to have more assets and liabilities. With this new feature, you can easily track your assets and 'automagically' see Thriday's auto-depreciation tracker do its thing! 
  3. Enhanced Reporting: Expect more robust reporting tools that provide in-depth insights into your company's financial performance. Customisable reports will enable you to track key metrics tailored to your business needs. 
  4. Corporate Cards: Bigger businesses can track their expenses and virtually issue corporate cards to employees. It's super easy and will make expense tracking a breeze.
  5. Payroll Management: Simplify payroll processing, making paying your employees accurately and on time easy. Thriday automates calculations, tax deductions, and compliance, reducing the risk of errors. 
  6. Integration Options: Thriday will offer integrations with popular business software, allowing you to connect your accounting data with other essential tools. This streamlines your workflow and eliminates manual data entry.

While these features represent just a glimpse of what Thriday for Companies has in store, they illustrate the platform's commitment to providing comprehensive financial solutions for businesses.

Thriday's all-in-one platform is perfect for companies

Partnerships and Trusts: What's Next? 

Although Thriday's immediate focus is on expanding support for companies, the team recognises the importance of partnerships and trusts. While there isn't a specific timeline available, Thriday has expressed its dedication to catering to these entities in the near future. This means that, down the road, you can expect Thriday to offer tailored accounting solutions for partnerships and trusts, just as it does for sole traders and companies. 

Key Takeaways

Thriday is on the cusp of transforming the accounting landscape for companies, and the wait will undoubtedly be worth it. As a dedicated user of Thriday's services, you can look forward to an array of features that will streamline your business operations, enhance financial visibility, and save you valuable time and effort. Keep an eye out for announcements from Thriday regarding the official launch date for Companies, and stay excited about the platform's future plans for partnerships and trusts. The future of accounting is bright, and Thriday is leading the way! 

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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