Manage your business finances easily with this booming financial tool!

In small business accounting, a seismic shift has occurred, leaving many Australian entrepreneurs and sole traders searching for new financial management solutions*.

The retirement of Xero's ‘Xero Go’ app has created a void in the market, which a newer player is rapidly filling*.

With a staggering 319 per cent increase in new customers, Thriday’s platform is making waves as the new go-to* for those who value simplicity, efficiency, and comprehensive financial tools.



The sudden discontinuation of Xero Go* has caught many small business owners off guard. The app, tailored to the needs of sole traders and freelancers, offered a straightforward approach to accounting.

However, the short notice of its shutdown on 12 September* left users with little time to transition their financial operations to alternative platforms.


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A new platform is becoming the new go-to financial management app. Credit: Thriday


As subscription costs rose, the return on investment seemed to diminish, with small business owners calling for more automation, cost-efficiency, and streamlined accounting tools.

Enter Thriday—a new hope for small business owners*! Designed specifically for their needs, Thriday offers an all-in-one automated banking, bookkeeping, and accounting platform*.

Thriday's user-friendly interface and time-saving features* have particularly resonated with sole traders, who often wear multiple hats and lack the time to delve into the complexities of financial management.

Michael Nuciforo, CEO of Thriday, emphasised the importance of providing small business owners with the tools they need to thrive*.

‘With Xero Go shutting down, many small businesses felt abandoned by a solution they had grown accustomed to,’ he said.

‘At Thriday, we’re focused on empowering business owners with cutting-edge, automated technology* that removes the burden of financial admin. From automated bookkeeping to interest savings accounts, our platform is designed to save time, increase profits, and give businesses the peace of mind* that their financials are taken care of.’



Here's a glimpse into the standout benefits* that are drawing former Xero Go users to Thriday:

1. Automated Bookkeeping and Accounting

At the core of Thriday's allure is its automated bookkeeping and accounting capabilities*. The platform eliminates the need for manual data entry and the tedious task of financial reconciliations.

Expenses are automatically categorised, income is tracked, and financial reports are updated in real time*. This automation is invaluable for sole traders who need to focus on their business rather than the minutiae of bookkeeping.



2. High-Interest Savings Account

Thriday also offers a high-interest savings account with a competitive 3.35 per cent interest rate*, which is a major draw for small business owners looking to optimise their funds.

Instead of leaving profits in low-yielding accounts, Thriday users can benefit from the savings account to grow their earnings while maintaining easy access to their funds*.

3. Automated Allocations

Another revolutionary feature is Thriday's automated allocations*, which allow users to set rules for income distribution across various expense categories, savings, or tax payments.

This automation ensures that business owners are always prepared for tax season* and have a clear understanding of their financial health, all without the hassle of manual budgeting.



The praise for Thriday is not just industry chatter; the platform's growing user base echoes it.

Vanessa, a sole trader from Melbourne, shared her experience: ‘I was really disappointed when Xero announced they were retiring the app. After hearing about Thriday, I decided to give it a try—and I haven’t looked back since.’

The automated bookkeeping is a lifesaver, and the interest savings account has really helped me grow my cash reserves*. It’s been a game changer for my business.’

As the landscape of small business accounting continues to change, Thriday is positioning itself to lead this transformation.

By marrying banking and accounting into a single, user-friendly solution, Thriday is redefining financial management for small businesses*.
Key Takeaways
With its automated accounting services, attractive interest rates, and intuitive design, Thriday is well on its way to becoming a staple in the small business community*.

Try Thriday today, and your financial management will be but a strategic advantage for small businesses*.

Have you explored Thriday’s features yet? Does it make managing finances easier for you? Share your experience with us in the comments below!

*Please note, members, that this is a sponsored article. All content that has an asterisk next to it means we may get a commission when you click on a link—at no cost to you! We do this to assist with the costs of running the SDC. Thank you!
 
Sponsored
SDC members are seniors. A majority of those would be retired, therefore this article would be irrelevant.
 
  • Like
Reactions: Veggiepatch
Thanks for this informative article.. my thoughts are that although many SDC members maybe retired, our brains don't switch off..nor our desire to help others,especially our family members and friends. Also, with such rising costs of living I know I may need to expand into a small business and this article could help me with this transition. Perhaps Thriday could offer a referral bonus? Thanks Ally
 

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