How Thriday Helps You Save 5 Hours a Week on Business Banking
Efficient banking and accounting are crucial for the success of any small business. However, manual banking and accounting processes can be time-consuming and prone to errors. That's where Thriday comes in - an automated banking, accounting and tax software explicitly designed for small business owners. In this article, we'll explore the benefits of using Thriday's software to automate your business banking and accounting processes and how it can help you save time, increase accuracy, and boost productivity in your small business.
The Problem with Manual Banking and Accounting
As a small business owner, you know how important it is to keep accurate financial records. However, manual banking and accounting processes can be time-consuming and challenging. For example, manually entering transaction data, reconciling accounts, and creating financial reports can take hours. In a survey conducted by Thriday, business owners reported spending an average of 6 hours a week on financial admin.
Not only does manual banking take up valuable time, but it can also lead to errors and discrepancies. These errors can have consequences, such as over or underpaying suppliers, failing to notice fraudulent activity, or making poor financial decisions based on inaccurate data.
Moreover, traditional manual banking can also hinder your business growth. When you spend hours on financial admin tasks, you have less time to focus on other aspects of your business, such as sales, marketing, and customer service.
Fortunately, there's a solution: automated banking and accounting software from Thriday. The following section will explore how Thriday's software can revolutionise your business banking and accounting processes.
Introducing Thriday's Automated Banking and Accounting Software
Thriday's automated banking and accounting software is designed for small business owners who want to save time and streamline their finances. With Thriday, you can automate your banking and accounting processes, which means less time spent on manual data entry and more time to focus on growing your business.
Thriday's software automatically pulls transaction data from your bank account and categorises it based on your chart of accounts. This real-time integration with banking means you no longer have to manually reconcile, upload or enter each transaction into your accounting software, saving you valuable time and reducing the risk of errors.
"Thriday's software automatically pulls transaction data from your bank account and categorises it based on your chart of accounts"
In addition, Thriday's software provides you with real-time insights into your business finances. You can track your cash flow, monitor your expenses, and create financial reports with just a few clicks. This level of visibility and control over your finances allows you to make informed financial decisions and confidently grow your business.
Moreover, Thriday's software is designed to integrate seamlessly with the ATO. This means that when it comes time to lodge your BAS, you just need to review your reports for the period, press a few buttons, and lodge your return directly to the ATO. Thriday will even notify you of when your BAS is due.
In the next section, we'll explore the benefits of using Thriday's automated banking and accounting software for small businesses.
Benefits of Using Thriday's Automated Banking and Accounting Software
Using Thriday's automated banking and accounting software can have a range of benefits for small businesses. Here are just a few:
- Time Savings: By automating your banking and accounting processes, you can save up to 5 hours a week that you can use to focus on other areas of your business.
- Increased Accuracy: Thriday's software reduces the risk of human error, meaning your financial data is more accurate and reliable.
- Better Financial Management: With Thriday's real-time insights into your business finances, you can make informed financial decisions and manage your cash flow more effectively.
- Seamless Integration: Thriday's software integrates with the ATO, making it easy to lodge BAS returns and monitor your tax positions.
- Improved Productivity: By reducing manual data entry and providing real-time financial insights, Thriday's software can help you work more efficiently and boost productivity in your small business.
In addition to these benefits, Thriday's software is also affordable, easy to use, and provides top-notch customer support. This makes it an ideal choice for small business owners who want to streamline their finances without breaking the bank.
The following section will explore how to get started with Thriday's automated banking and accounting software.
How to Get Started with Thriday's Automated Banking and Accounting Software
Getting started with Thriday's automated banking and accounting software is easy. Here are the steps you need to follow:
Sign up for Thriday
Visit Thriday's website and sign up for a free account. You'll need to provide some basic information about yourself and the business to get started.
Once you are ready, your bank account* will be set up. This is the account you will use to track income and expenses. Use the BSB and Account Number to transfer funds into the account.
Customise your accounts
Once you've signed up, you can customise your account settings to match your business needs. You can set up sub-accounts for different purposes, including the Profit First method.
Activate your card
Within seven business days of signing up, your Thriday Visa Debit card* will arrive. Activate the card and start using it. You'll see your transactions are automatically categorised.
Sit back and relax
Thriday's software pulls transaction data from your bank account and categorise it based on your settings. This means you no longer have to spend hours manually entering data into your accounting software.
As every business owner knows, managing small business finances can be time-consuming and complicated. However, with the advent of automated banking and accounting software, managing your finances has never been easier.
Thriday's automated banking and accounting software is an excellent option for small business owners who want to save time, reduce the risk of errors, and make informed financial decisions. By automating your banking and accounting processes with Thriday, you can save up to 5 hours a week that you can spend on other areas of your business.
So, if you're a small business owner looking to streamline your finances and boost productivity, we highly recommend Thriday's automated banking and accounting software. To find out how much time Thriday can save you on financial admin, take the time saver quiz.
Sign up today and see for yourself how easy it can be to manage your finances with Thriday.