Managing cash flow can be hard.
Expensive. One-sided. Unpredictable.
We found another way.
Bulk
Payments
Bulk pay your suppliers
— one weekly
transfer out.
Bulk
Receivables
Bulk receive from your
customers — one
weekly transfer in.
Netting Off
Invoices
Net off your payables against your receivables — one weekly net settlement.
"Clearitt saves us time chasing payments, reduces admin, and keeps our cash in the business."
Yanni Fotiadis
Director, Aqua Solutions
Working together to simplify invoice settlement — like the big institutions cleverly have done for 200+ years. And we made it free.
Best Payment Startup Innovation
Asia-Pacific 2025 (Top 4)
One weekly transfer out | One weekly transfer in | One weekly net settlement | No transaction fees | No chasing | Freed-up working capital | Predictable cash flow
One net payment | Zero chasing | Freed-up capital | No transaction fees | Automatic reconciliation | Predictable cash flow
Your Cash Flow Dashboard
The Benefits Add Up
Each of the three tools delivers its own benefits — and they compound when used together.
For some businesses, the combined effect doubles profits.
Less cash stress. More time. Always know where you stand.
Bulk Payments
- One weekly transfer out — not one per supplier
- Bills available electronically — added by the supplier, already in the system
- Lower labour costs — less time managing supplier payments
Bulk Receivables
- One weekly transfer in — not one per customer
- No more chasing payments
- Lower transaction costs — no card fees taken
- Simplified reconciliation — no matching, no fee accounting
Netting Off Invoices
- Reduced counterparty risk — from gross non-payment risk to net
- Reduced funding needs — less need for invoice financing and loans
- Freed-up working capital — run the business on less cash
- Predictable cash flow — manage the business on net cash flow
Predictable cash flow. Confident decisions. Room to grow.
Bulk Payments
- One weekly transfer out — not one per supplier
- Bills available electronically — added by the supplier, already in the system
- Lower labour costs — less time managing supplier payments
Bulk Receivables
- One weekly transfer in — not one per customer
- No more chasing payments
- Lower transaction costs — no card fees taken
- Simplified reconciliation — no matching, no fee accounting
Netting Off Invoices
- Reduced counterparty risk — from gross non-payment risk to net
- Reduced funding needs — less need for invoice financing and loans
- Freed-up working capital — run the business on less cash
- Predictable cash flow — manage the business on net cash flow
Cleaner books. Better forecasts. More certainty.
Bulk Payments
- One weekly transfer out — not one per supplier
- Bills available electronically — added by the supplier, already in the system
- Lower labour costs — less time managing supplier payments
Bulk Receivables
- One weekly transfer in — not one per customer
- No more chasing payments
- Lower transaction costs — no card fees taken
- Simplified reconciliation — no matching, no fee accounting
Netting Off Invoices
- Reduced counterparty risk — from gross non-payment risk to net
- Reduced funding needs — less need for invoice financing and loans
- Freed-up working capital — run the business on less cash
- Predictable cash flow — manage the business on net cash flow
How a universal contra-account powers all three tools
Bulk Payments, Bulk Receivables, and Netting Off are all made possible by one idea — the contra-account. Here’s how it works.
Bilateral
Contra-Account
2 parties
Two parties net off mutual invoices. You owe me $10, I owe you $15 — netting off what you owe against what’s owed, we just settle the $5 difference.
A mutually beneficial way of trading and settling IOUs using less cash.
Everyone knows how to do this, privately and in business.
Multilateral
Contra-Account
3+ parties, closed group
With 3+ parties, no one can see everyone’s receivables and payables, so it requires coordination.
Banks do this between themselves every day — netting off what they owe against what’s owed across the entire banking system, $300 billion daily. That’s how they earn steady 30%+ profit margins. Same principle, closed group.
Universal
Contra-Account
Unlimited parties, open to any business
Similar to multilateral contra-accounts, but open to any kind of business in Australia. Netting off what you owe against what’s owed — coordinated at scale across your whole trading network, extending the natural benefits of a bilateral contra-account to work across all your invoices and all your trading partners.
One weekly net payment, all cleared.
For more details — see the ‘How it works’ page in the menu →
Are you an accountant or bookkeeper? There is a CPD-accredited course. Reimagining Cash Flow. explaining Universal Contra-Accounts — 1 hour, online, designed for professionals advising SME clients on cash flow.
Do your trading partners already have a UCA?
Enter your ABN to find out if they already want to net off invoices too.
Case Studies
What a Universal Contra-Account could save across industries.
Plumber
$47K saved/year
$150K freed up
Manufacturer
$274K saved/year
$2M freed up
Distributor
$1.1M saved/year
$9M freed up
Builder
$4.2M saved/year
$35M freed up
The cost savings are coming from Reconciliations | Payment Processing | Bills Recording | Chasing Customers | Financing cost savings | Value of freed up working capital
Australian banks have used multilateral contra-accounts between themselves for over 200 years — contributing to profit margins consistently above 30%.
The industries above average 3–10%. The UCA is the same mechanism, now available to every business.
How to get started
1. Check
Enter your ABN to see if any of your trading partners already have a Universal Contra-Account.
2. Join — it’s free
Your UCA is free. Always. Sign up, connect your trading partners, and start settling invoices. Earn up to 2,500 Daler in rewards points just for getting started.
3. Connect your accounting software
Connect to Xero, MYOB, or Reckon — and your invoices sync automatically. Or upload a spreadsheet. Or send invoices from here. You’re ready to go.
In simple terms, it’s like when you go on a weekend away with your mates and different people pay different parts of the trip. It’s that…but for businesses.
What this means for business owners, is there is less cash required to be sitting in the bank at any given time. Which saves a lot of stressing.
We’ve started using Clearitt to clear invoices with our customers and suppliers and it’s already made a big impact. Our last clearing saved us from paying $8,800 out of pocket, and we settled both payables and receivables worth five-figure amounts with a single transaction.
It saves us time chasing payments, reduces admin, and keeps our cash in the business. Being able to offer this solution to others gives us a real competitive edge.
Clearitt is a great tool for reconciling our statements every month.
Clearitt is the tool we’ve been looking for to ease the pressure of cashflow hurdles in our business.
Enter your ABN to check if any of your trading partners already have a UCA.
For 200 years, banks have cleverly been using multilateral contra-accounts between themselves. Every other business has been left chasing invoices, managing complicated accounting and hoping payments would land on time.
I started Clearitt because I think every business deserves better. Not just the big institutions. Everyone.
The best thing is that’s it’s cheaper and mutually beneficial. So let’s fix this together.
Dr Richard Johnsson
Founder & CEO, Clearitt
We work with your existing tools
Clearitt connects directly with Xero, MYOB, and Reckon. Can’t see yours? Every business can import and export invoices via spreadsheet — so if your platform can export a CSV, Clearitt can work with it using our AI reader. More integrations added based on demand — let us know what you use.
How to use a UCA to boost your sales
A Universal Contra-Account doesn’t just simplify your invoicing — it makes you a more attractive business to trade with. Offer your partners a way to settle invoices with less or no cash transfers, and you remove one of the biggest friction points in saying yes to a new supplier.
Security and Compliance
Your trust is our top priority
Secure Technology
Clearitt employs mature, stable and tested technology to safeguard your financial information. Our platform is built with secure components that protect your data from unauthorised access or breaches, and the end-to-end business process has been vetted by security experts.
Privacy
We comply with international and Australian privacy legislation, specifically The Privacy Act 1988 (Privacy Act). We have a declared privacy policy available for perusal on our website. Moreover, your data will be held in a database hosted in Australia and will not be sent overseas.
Data access
Clearitt will not access any of your data held in a third-party cloud-based accounting platform unless you grant us permission to do so. You can revoke this permission at any time, and the protocol implementation by the accounting platforms will ensure that we cannot access your data thereafter.
