Start saving time today
Eliminate financial admin with Thriday's automated banking, accounting and tax platform.
No credit card required

A business account alternative to Up bank

See why Thriday is better for small businesses than Up
Supported by some of Australia's most trusted brands

Up is a new brand under the Bendigo Bank stable that provides a retail banking service targeted at millennials. Up has proven popular with younger customers who want a great user experience and basic banking features built around their lifestyle. Thriday is a great alternative for Up customers who are looking for a business banking alternative. Like Up, Thriday provides an awesome user experience and clear information without all the fluff. Thriday is available on web and app, which is handy if you want to manage your finances anytime, anywhere. Thriday provides a number of great features for startups or entrepreneurs - features like receipt scanning, expense tracking, automated bookkeeping, invoicing and quoting and BAS lodgement. There is really nothing else you need when you sign up to Thriday.


Find out how much money you could save by switching to Thriday


Business bank accounts

Up only provides bank accounts to consumers. There is no option to open a business bank account. Thriday on the other hand does offer business bank accounts*. This allows businesses to avoid co-mingling of personal and business transactions, keeping the books clean and making it easy to stay compliant when it comes to tax time.

GST reconciliation

Keeping accurate records of your GST is super important as a business because you can claim that back against the GST you earn. Thriday does all your GST reconciliation automatically and then calculates the totals and gives you the ability to lodge your BAS to the ATO. Up does not provide and features to support GST reconciliation.

Bill management

Paying bills with other platforms often results in a lot of time wasted, and human errors. Copying details from an invoice to your online banking service is fraught with risks as you could copy the wrong information. Thriday has resolved this issue by creating bill manager. Bill manager allows you to upload, forward or scan you invoices and then pay them immediately. No double handling, no confusion and most importantly no ABA files. Up does not provide a bill management feature like Thriday.

Automated receipt reconciliation

It's annoying but you have to do it. Having a copy of a receipt is required for any business expense of $75 if you want to claim it as a work expense. With Thriday, this is super easy as you can upload, forward or take a photo to keep a digital copy. Thriday will even reconcile the receipt to your business transaction account. Up does not provide any receipt scanning functionality as Up is not design for small businesses.

Unlimited invoices and quotes

Because Up is focused on consumers, there is no ability to create, personalise and send invoices or quotes to clients. Thriday on the other hand provides a full end-to-end invoicing and quoting platform that makes it easy to get paid on time, and track your exact earnings. Thriday's invoicing product even includes handy features like be able to view if an invoice has been read or not, and even automated payment reminders when an invoice is overdue.

Cash flow and tax predictions

Show me a business owner that doesn't worry about taxes, and I'll show you a business owner who doesn't run a business. Not knowing your tax position is one of the most stressful parts of running a business, because you are always nervous that a big tax bill could creep up out of nowhere. Thriday handles this challenge like a champ, all your taxes are immediately calculated, so you know exactly where you stand at all times. Up does not provide any cash flow or tax prediction features for small businesses.

Real-time bookkeeping

You traditionally only had two options when it came to bookkeeping. You could either do it yourself, or you could pay a bookkeeper to do it for you. Either option was going to take you a lot of time and cause a lot of headaches. With Thriday, there is now a new way. All your bookkeeping can be automatically completed by Thriday's advanced categorisation engine. As transactions hit your account, everything is taken care of. Up doesn't provide any bookkeeping functionality with their business bank account and banking apps. So you would have to export your data and do it yourself.

Management reports

Thriday was built by small business owners for small business owners, and Thriday knows that management reports make it super easy to determine how your business is performing. Thriday allows business owners to generate their income statement, cashflow statement and balance sheet in seconds. This gives business owners the superpower of data to make informed management decisions. Up does not provide any business specific management reports as Up is designed for consumers.

Real-time bookkeeping

Up is designed as a personal bank account, and therefore does not offer any specific business banking or accounting services. Thriday is designed for small businesses who want to eliminate financial admin, so you can generating all your bookkeeping and categorisation directly from the Thriday platform based on the business transaction account data that is captured as you spend or earn money via your Thriday Visa Debit card.

Chart of accounts

Because Up is designed for consumers, they do not provide an in-built chart of accounts feature. So if you are a business, it becomes extremely difficult to track all your outgoings and prepare for tax time. With Thriday, all your transactions are automatically assigned to a chart of accounts in real-time. This reduces your administrative overhead, and it also means clean and accurate reports.

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
Having Thriday’s support around my tax, super, and invoicing is literally a DREAM!
Rise Coaching

Why Thriday?

Do you love running a business but hate the 'business stuff'? 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 categorise all your transactions and apply them to a chart of accounts. This means that as you earn or spend money, all your books are processed without lifting a finger. Thriday takes care of everything for you, giving you the peace of mind to focus on what matters.

Join the Aussie community growing their businesses with Thriday

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

Already have an account? Login here
Thriday Debit Card