Business Finance Unveiled: Old vs new with Thriday’s Revolutionary System

"Business Finance Unveiled: Old vs new with Thriday’s Revolutionary System"

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Original video:    • TIB578 Michael Nuciforo On How To Aut...   Source: ‪@tradiesinbusiness‬

"But I think the most simple way to explain it would be if you took a NAB business bank account and a NAB business bank account and put it all together into one system. And what we've done is with Thriday, you open a business bank account with us, it's fully government-backed, up to $250,000 per you know, account. You get a Visa Debit card.

And what happens is as you spend money and earn money, so incomes coming in from your invoices or you're spending money on your debit card at Bunnings or wherever, we automatically do the bookkeeping, accounting and tax.

And I'll explain how we do that and why it's so unique. In real-time, as you would say today with your own bank account when a transaction occurs, it appears in your online banking.
And that's what happens with Thriday. Because we're integrated with a bank, we actually can see a variety of extra information about that business that's not, I guess, available to the ordinary internet banking user.

So when a transaction happens on a POS terminal, in the back end, the actual bank gets told, you know, this is merchant X, this is the industry they're in, this is the location of that business, etc, etc.

We actually are able to surface that information and use that informational data to automatically categorise that transaction." DISCLAIMER: Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360  AFSL 241167 (Regional Australia Bank). Regional Australia Bank is the issuer of the transaction account and debit card available through Thriday. Any information provided by Thriday is general in nature and does not take into account your personal situation. You should consider whether Thriday is appropriate for you.

DISCLAIMER: Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360  AFSL 241167 (Regional Australia Bank). Regional Australia Bank is the issuer of the transaction account and debit card available through Thriday. Any information provided by Thriday is general in nature and does not take into account your personal situation. You should consider whether Thriday is appropriate for you.