Thriday vs. Bank SA: Which is best for business owners?

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BankSA, established in 1848, has a storied history in South Australia. It follows a customer-centric model, offering a range of financial products, including home loans, savings accounts, and business banking services. Thriday stands out as the ideal platform for small business owners by seamlessly integrating banking, accounting, and tax services, simplifying financial management, enhancing efficiency, and ensuring compliance with ease.

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How to switch from Bank SA to Thriday

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

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Set up Profit First accounts in seconds

Thriday offers a quick setup of Profit First accounts, allowing users to initiate allocation transfers in seconds. Bank SA lacks this feature, meaning you'll need to set up your accounts on your own.

Tax and BAS lodgment to the ATO

Thriday facilitates ATO tax and BAS lodgment from $59.95, streamlining the process. Bank SA lacks this service, leaving customers to manually complete their tax and BAS submissions, adding complexity and time.

Automated bill payments using AI

Thriday's bill manager simplifies bill payment by allowing users to email, upload, or photograph bills. Thriday's AI scans bills and schedules payments accordingly. Bank SA lacks this feature, requiring manual bill payment.

Smart receipt scanning and GST tracking

Thriday enables users to digitise receipts by uploading, emailing, or photographing them, ensuring digital records. The platform's automated features also track GST on these receipts, streamlining expense management and compliance. Bank SA does not provide a receipt scanning feature.

Invoices and quotes with automated reminders

Thriday empowers users with professional invoice and quote templates, coupled with automated payment reminders to enhance professionalism and streamline payment follow-ups, simplifying financial management for businesses. Bank SA doesn't provide any invoicing or quoting features.

Real-time tax, GST and cash flow estimates

Thriday offers real-time tax, GST, and cash flow estimates, providing users with valuable financial insights. In contrast, Bank SA lacks these features, leaving customers without immediate visibility into their finances.

AI bookkeeping and accounting

Thriday employs AI for automated bookkeeping, instantly determining the chart of accounts and taxes from each bank transaction. Bank SA users may need expensive accounting software or professional accountants for similar tasks, potentially incurring extra costs.

Earn interest across all accounts

Any funds you have with Thriday will earn {{interestRate}} across all accounts without losing flexibility or functionality. Traditional banks offer business savings accounts where you may lose functionality like payments and cards and term deposits where your money is tied up for a period of time before the interest is paid. The best part about Thriday is there is nothing for you to do. Just keep your money in your Thriday accounts, and interest is earned daily and paid monthly.

Detailed management reports

Thriday provides customisable, detailed financial reports, encompassing income statements, cash flow statements, and balance sheets. This feature empowers businesses with comprehensive financial insights and reporting tools for informed decision-making.

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?

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.