Thriday vs. Parpera: Which is best for business owners?

vs.

Parpera does not provide Financial Claims Scheme (FCS) guaranteed bank accounts like Thriday can. Any funds you store in your Thriday transaction account is protected by this guarantee up to $250,000 per account holder. Parpera is only available via an iPhone or Android app which makes it hard if you want to review your finances in a bit more detail. Thriday offers a desktop and mobile website, in addition to iPhone and Google apps. This means you can pick the device you prefer to access your finances. Parpera does not provide any automated bookkeeping, accounting and tax features like Thriday. Thriday is also a registered tax agent (registration number 26262416) with the Tax Practitioners Board (TPB). This means you can lodge your BAS and taxes directly from the Thriday platform and take advantage of expert support from registered tax agents.

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Web and mobile apps

Thriday is perfect for checking your accounts on the run, or if you want to sit down and go into a bit more detail, you can also access all the same functionality on app and web. It’s your choice! With Papera, you can only access your information on a mobile device, and you are required to download an app.

App only

Registered tax agent (no. 26262416)

To further streamline your tax, BAS, and accounting needs, Thriday, a registered tax agent (registration number 26262416) with the Tax Practitioners Board (TPB), allows you to lodge your BAS and taxes directly from the Thriday platform and access expert support from registered tax agents.

Automated receipt reconciliation

Parpera does not offer any receipt tracking functionality. This means you have to literally keep your receipts in a shoe box or glove box. If don’t have time for that, then Thriday offers automated reconciliation where you can just forward or scan a bunch of receipts and Thriday takes care of the rest. Thriday will even scan the details to determine what GST was paid, so you can track this for tax time. Keeping receipts is required to make a valid tax deduction claim. With Thriday, it's all taken care of. What a win!

Cash flow and tax predictions

The best way to make smart business decisions today, is to understand where you expect your business to be tomorrow. Thriday’s inbuilt cash flow and tax prediction are purpose built for business owners who like to keep their finger pulse. Parpera does not provide any cash flow or tax predictions features.

Real-time bookkeeping

Don’t wait until the of the quarter, or the end of the year to know exactly where you stand financially. Thriday takes care of all your bookkeeping, accounting and tax every time you spend money or earn money. With Parpera, you would still need to set up a bank feed with Xero, then code transactions manually, and then sit down with an accountant at tax time to figure out the rest.

Straight-through BAS lodgment to the ATO

If you are registered for GST, it’s essential that you lodge your BAS either monthly, quarterly or yearly depending on how much you earn. If you ask a traditional accountant to do your BAS, it can cost you in excess of $300 per BAS lodgment. That’s a lot. With Thriday, you get you BAS automatically calculated, and you can lodge it directly to the ATO for only $59.95 per lodgment. Talk about a hassle-free experience. Parpera does not provide straight-through BAS lodgment to the ATO. You either need to DIY, or use their accounting partner, Day One Advisory.

Generate financial reports

Income statements, cashflow statements and balance sheet reports are an essential part of running a business. Besides being informative for yourself, they are required when you apply for a loan, or are seeking funds from investors. In Thriday, these reports can be generated for free, at the tap of a button. Parpera does not provide any management account reporting.

Call centre support

Small business owners are time poor and require prompt assistance. Thriday offers call centre support from 9 am to 5 pm, Monday to Friday, reachable at 1800-THRIDAY. This ensures that you can easily connect with a representative whenever you need help. All our call centre staff are based in Australia, ensuring that you receive the appropriate support you require. In contrast, Parpera does not have a direct phone number for assistance.

1800-THRIDAY

No number

1800-THRIDAY

No number

Enjoy these great Thriday features

Thriday is completely cloud based and available on web and app

Modern, fast and AI-driven platform that has no legacy systems

Works out of the box with no training or third-party support required

Combines banking, bookkeeping, accounting and tax in one platform

Saves hours each week as no manual intervention required

No bank feeds or manual expense tracking

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Why Thriday?

Managing your financial admin can be a real drain on your time and job satisfaction but there is a better way. Thriday is a new solution for a centuries old problem – managing your banking, accounting and tax. Thriday uses artificial intelligence to instantly interpret your transactions and apply them to a chart of accounts. This means as money hits your account, all your books are processed without lifting a finger. Thriday takes care of all your financial admin for only $29.95 a month. Say goodbye to time wasted, and say hello to Thriday.