Money Tool2023-05-25T13:56:48+12:00

Our Tools

Money Tool

Securely link your bank account(s) to the Money Tool to get your business performance, along with FREE business insights.

Use these insights for loan applications, tax liability calculations, and let Afirmo alert you when there is an action you need to consider.

Understand your complete financial position

By linking all your accounts to Afirmo, you can see how your business in tracking regardless of how many banks, credit card companies or lenders you use. Afirmo’s insight graphs can be individually tailored so you can see what you need to run your business with no guess work.

Use the interactive charts to see your money trends on your terms. Add or remove accounts from the data, see your income and expenses by categories or by vendor/customer for greater depth. You can see such things as:

  • Your aggregate or individual bank balances by date
  • Your income by customer or product category by date
  • Your expenses by supplier or income category by date
  • Your gross and net margin profile by date

What are the benefits of the Money Tool?

How Afirmo links your bank accounts

Afirmo uses a partner called Akahu to provide the technology for you to securely link your bank accounts to the app.

Akahu is New Zealand’s open finance platform. Akahu makes it simple to access the data that organisations hold about you, and to share that data with trusted third parties such as Afirmo. Afirmo is regulated as a Financial Service Provider (FSP1003091) and is governed by the Department of Internal Affairs.

If you chose to connect accounts to Akahu and Afirmo, you can manage those connections by visiting my.akahu.nz. This allows you to stay in complete control of your data and you can withdraw the connection at any time.

Afirmo uses the bank transaction data to power the Business Insights Tool and the Do It Yourself Tax Tool.

Find out more about Akahu

Follow these account linking instructions to link your bank accounts to Afirmo. Afirmo has made the linking process easy with the help of our partner, Akahu.

You can connect accounts from all major banks in New Zealand including:

  • ANZ Bank

  • ASB Bank

  • BNZ Bank

  • Co-operative Bank

  • Heartland Bank

  • Kiwibank

  • TSB Bank

  • Westpac Bank

Frequently Asked Questions

What does Afirmo’s Money Tool do?2023-05-25T13:26:41+12:00

Afirmo has partnered with Bank of New Zealand (BNZ) to offer you a bank wallet account. This means that BNZ has issued Afirmo trust accounts, and Afirmo adds bank accounts under these trust accounts so you can use them to receive sales invoice receipts and save for tax bills.

Why do I need to link my bank account to Afirmo?2023-05-25T13:27:18+12:00

You don’t need to – but it is very helpful if you do. By linking your bank account, or by using Afirmo’s BNZ trust account, we can then see your business bank transactions and you can either match these to sales invoice or expense claims or add a category to them in order to produce a set of accounts. Afirmo uses this data to calculate your GST and income tax liabilities. You can save for these liabilities in the app, so you stay on top of your tax liabilities.

What is a business wallet?2023-05-25T13:27:04+12:00

A business wallet is a sub-account of the BNZ trust account. This means that any cash you hold with Afirmo is held in a BNZ account. Afirmo cannot access these funds as they are held on trust for you as our business customer.

Join Afirmo today