Accounting Sweep is made by Clarum, a CPA practice Your tax, set aside
before you spend it.
Sweep reads your Xero file, works out what to put aside, and moves it into a separate account. Little and often, without you thinking about it.
The tax bill should never be a surprise.
Money for GST, PAYG and income tax sits in the same account as everything else, so it looks spendable. Sweep moves it out of reach, little and often, so it's there when the ATO asks.
Connect once. Then it runs.
- 1
Connect Xero and your bank
Link your Xero file and your business account. Sweep reads what it needs to see your position.
- 2
Sweep works out the amount
Using your Xero figures, it calculates what should be sitting in your tax reserve right now.
- 3
The difference is swept
It moves the gap into your tax account, or sends you a sweep report to action yourself.
Hands-off, or hands-on.
Choose per account. Start with View Only and switch when you're comfortable.
Starting with Wise. Your bank is coming.
Sweep for personal accounts is on the way too: the same idea for your own savings goals and tax.
Your money never leaves your accounts.
Sweep moves money between accounts in your own name. It never holds your funds.
Always the right amount
Worked out from your live Xero figures for GST, PAYG and income tax, not a rough percentage.
Little and often
Small, regular sweeps instead of one painful payment, so your cash flow barely notices.
Overseen by your accountant
Your Clarum accountant sets up your tax reserve and reviews it with you, so the numbers are right.
Sweep comes with Clarum.
Sweep is made by Clarum, a CPA accounting practice working with businesses across Australia, and is available to Clarum clients. Places are limited while we roll it out.
Fixed-fee accounting from $310 a month +GST Your tax reserve set up by your accountant Exclusive to Clarum clients Questions.
Who can use Sweep?
Sweep is available to Clarum accounting clients. If you're not a client yet, start with a conversation about your accounting.
Does Sweep hold my money?
No. It moves money between accounts in your own name, or tells you what to move.
Which banks and software does it work with?
Xero and Wise Business today. CommBank, NAB, Westpac, Macquarie, Wise Personal and Revolut Personal are coming.
What does it cost?
Sweep is exclusive to Clarum clients and set up as part of your accounting. Talk to us about how it fits your business.