Thriday automates Xero switching

Why is Thriday growing so fast?

Thriday has quickly become the go-to platform for Australian small businesses due to its innovative approach to financial management. The platform seamlessly integrates banking, accounting, and tax into one automated solution. By leveraging advanced AI technology, Thriday eliminates the need for manual tasks, saving business owners valuable time.

Thriday's growth is also fuelled by its affordability and focus on customer satisfaction. With outstanding reviews highlighting ease of use, robust features, and exceptional support, it's no wonder more businesses are switching to Thriday. Word of mouth and glowing recommendations have significantly impacted its rapid adoption.

Additionally, Thriday's ability to adapt to the needs of modern businesses has set it apart. With continuous updates and innovations, it remains at the cutting edge of automated accounting solutions. Features like real-time financial tracking and tax forecasting are indispensable for small business owners who want to stay ahead.

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What benefits does Thriday have over Xero?

Thriday offers several advantages that make it the ideal alternative to Xero:

1. Automation: Thriday uses advanced AI to automate invoicing, expense tracking, and tax calculations. This reduces the time spent on bookkeeping and frees you up to focus on growing your business.
2. Cost-effectiveness: Thriday is significantly cheaper than Xero, making it an attractive option for cost-conscious small business owners. You know precisely what you're paying for with no hidden fees or complicated pricing tiers.
3. Ease of use: The platform is designed with simplicity in mind. Whether you're tech-savvy or not, you'll find Thriday easy to navigate.
4. All-in-one solution: Unlike Xero, which often requires integrations with third-party apps, Thriday combines banking, accounting, and tax in one place. This eliminates the need for multiple subscriptions and reduces complexity.
5. Customer support: Thriday'sThriday's customer support team is highly responsive and dedicated to helping users succeed. Many customers have praised the team for going above and beyond to resolve issues and provide guidance.
6. Faster processes: Thriday's streamlined workflows automatically complete tasks like reconciliations and reporting. This efficiency is a game-changer for busy entrepreneurs.
7. Customisation: Thriday allows you to tailor its features to your business needs, making it an incredibly versatile tool.

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Why is Xero losing popularity?

While Xero remains a well-known platform, it has faced challenges recently. With a US-centric product focus, and frequent price increases, many small businesses are fed up and are looking for alternatives:

• Cost: Xero's pricing has increased over time, making it less accessible for small businesses. Many users find the costs don't justify the features offered, especially when compared to Thriday.
• Complexity: Xero's interface and features can be overwhelming for users who don't have an accounting background. Small businesses often need a simpler, more intuitive solution.
• Third-party dependency: Xero relies heavily on integrations with other apps, which can lead to additional costs and potential compatibility issues.
• Customer support: Some users have reported dissatisfaction with Xero's support, citing slow response times and limited assistance.
• Limited innovation: As newer platforms like Thriday emerge with advanced automation and AI capabilities, Xero risks falling behind by not innovating at the same pace.

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Why do small businesses prefer Thriday?

Small businesses prefer Thriday because it aligns perfectly with their needs. The platform simplifies financial management, reduces costs, and provides exceptional support. Thriday's use of AI ensures accuracy and efficiency, while its transparent pricing offers peace of mind.

Thriday's ability to combine banking, accounting, and tax into one seamless platform means business owners can avoid the hassle of managing multiple systems. This convenience is a game-changer for time-strapped entrepreneurs. The positive reviews and high satisfaction rates show the platform's ability to deliver real value to its users.

How did Thriday automate switching from Xero?

Thriday has made switching from Xero straightforward by developing a fully automated migration process. The platform allows you to transfer your data quickly and securely without technical expertise. Here's how it works:

1. Data mapping: Thriday's system automatically maps your Xero data to its equivalent in Thriday. This ensures a smooth transition without manual intervention.
2. Validation: Thriday validates the data before completing the migration to ensure everything has been transferred accurately. This step eliminates errors and ensures consistency.
3. Guided setup: Thriday provides step-by-step guidance to help you set up and customise your new account once the migration is complete. The platform also offers resources and tutorials to make the process even easier.
4. Ongoing support: Thriday's support team can assist with any questions or challenges during the migration process. Their dedication ensures you'll have a stress-free experience.

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What are the steps to switch from Xero to Thriday?

Switching to Thriday from Xero involves just a few simple steps. Here's a detailed breakdown:

1. Sign up: Join Thriday for free by visiting their website and following the registration process. The sign-up process is quick and user-friendly.
2. Log into your Xero account: Log in to your business on Xero. Select your organisation name (top left), then Settings, and Users. Select Invite a user.
3. Invite Thriday:  Enter the first name: Thriday and last name: Accounting, then the email: accounting@thriday.com.au. Go to permissions and select: Business and accounting. Under 'How much access do they need'? Select Advisor. Send the invite.
4. Connect your Xero account: Thriday's system securely connects to your Xero account. This allows the platform to access and retrieve the necessary data for migration.
5. Data migration: Thriday's automated tool transfers your Xero data, including invoices, expenses, bank transactions, and tax records, into your new account. This process is seamless and eliminates the need for manual input.
6. Validation and review: A Thriday tax expert will then review the migrated data to ensure everything is up to date. Thriday's system highlights any discrepancies and offers solutions to resolve them.
7. Customise your account: Adjust your settings, such as invoicing templates, and payment preferences, to match your business needs. Thriday's intuitive interface makes this step straightforward.
8. Training and resources: Familiarise yourself with Thriday's features by accessing its extensive library of resources, tutorials, and guides. These materials help you get the most out of the platform.
9. Start using Thriday: Once the setup is complete, you can begin managing your finances with Thriday's powerful tools. From automating tax calculations to generating insightful reports, the platform is ready to support your business.

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How much cheaper is Thriday than Xero?

Thriday's pricing is designed with small businesses in mind. On average, Thriday is up to 50% cheaper than Xero, depending on the subscription tier. Unlike Xero, which charges extra for additional users or advanced features, Thriday offers a straightforward pricing structure with no surprises.

For example, if you're paying $65 per month for Xero, switching to Thriday could save you hundreds of dollars annually. In addition, Thriday significantly reduces the cost of an accountant, as bookkeeping and accounting tasks are automated. Thriday's cost-effectiveness doesn't come at the expense of quality. Instead, it delivers more value for less using AI, making it the clear choice for budget-conscious business owners.

Key takeaways

Thriday has revolutionised how Australian small businesses manage their finances. Automating tasks, reducing costs, and offering exceptional support provide a superior alternative to Xero. The automated switching process makes it easier than ever to transition without disruption. If you're looking for an affordable, efficient, and user-friendly solution, Thriday is the perfect choice. Switching to Thriday isn't just a wise financial decision; it's an investment in your business's future. Make the move today and experience the benefits of a platform designed to simplify and streamline your operations.