Financial automation systems

You don't have time to do the finances. You don't have time to learn a complicated system. You just want it done.

Spreadsheet guru? Why manually enter data? Why manually categorise and move the data? Why update your snazzy spreadsheet yourself? Even if you're a numbers person, it'll more fun if you could just do the tedious things quickly.

Pay a bookkeeper? Save on your costs by reducing the amount of manual data entry they have to do.

Got an old Windows-based program? It's time to reduce costs on training (why are they always so hard to use?), capitalise on web-based integration, and receive money or invoice people on-the-go. 

No more. Software these days can automatically get your transactions from your bank. Not only that, you can train it to automatically categorise them (rent, entertainment, office supplies, etc.), and you only need a quick 1 second look over and click to okay it. Your month’s transactions take 30 minutes instead of 3 hours - and the profit and loss, balance sheet and any other reports are automatically updated. 

Furthermore, everything is in plain English instead of accounting speak, and the interface is intuitive, meaning you spend less time learning the software and more time on the things you really want to do. 

Key benefits

You save a lot of time. Freshbooks’ users report an average of 2 business days saved per month: or almost 4 hours a week; 192 hours a year. (Freshbooks is just one possible platform - contact us for a consultation to talk about which one is right for you.)

If your time is worth about $50/hour, you will be saving $800/mo, or $9,000 in the year!

You’re always up-to-date. When the BAS is due, or your tax records, or it’s the end of the month, you won’t be running around like a headless chook and burning the midnight oil because all transactions and reports are always up-to-date and ready for download. 

You get paid faster. Freshbooks’ users report an average of 5 days faster payment, up to 11 days quicker. Link credit card or PayPal payment methods if your clients desire this. 

You grow your business. A study into 40,000 Freshbook’s users found that on average businesses double their revenue in the first 2 years. That’s probably because they removed an obstacle to growth and enabled their financial side to scale properly. 

If your revenue is currently $100,000, automating your finances could increase your revenue to $200,000 in 2 years time!

You now have the ability to outsource your finances. Hire a bookkeeper to do the day-to-day finances (or use a semi-automated service) and let your accountant access your data so they can do tax returns and BAS statements. 

Your data is more secure. If someone steals your laptop, they’ll still have to login to access your financial data. Instead of sending financial data via USB or email, you can give a special limited access account.

Your data is more accessible. You can make an invoice right after agreement with a client and even receive payment using just your phone! You can always view a complete dashboard overview or detailed report for any of your bank accounts at any time 24/7.

Fully automated:

  • Transaction data from your bank to your finance system
  • Payment categorisations
  • Linking income with invoices
  • All reports including Profit & Loss, Balance Sheet, and so on

At the end of this all, what do you get?

Most bookkeepers can save on average 3.5 hours per week, which is:

Hours saved per week: Your hourly rate: Saved per year: $