Offermore is a financial health dashboard for Australian businesses that connects to Xero and tracks six insolvency risk indicators, key financial ratios, and debtor and creditor aging in real time.

How does Offermore connect to Xero?

Offermore uses Xero's official OAuth 2.0 authorisation flow with read-only scopes. You authorise the connection once in Xero and Offermore syncs your financial reports automatically. Offermore never sees or stores your Xero password.

Is my Xero data secure?

Yes. Offermore connects through Xero OAuth 2.0 using read-only scopes, transmits data over TLS, and stores access and refresh tokens encrypted at rest. You can disconnect Xero at any time from your account settings, which immediately revokes access.

Who should use Offermore?

Offermore is built for Australian business owners, accountants, and financial advisors who use Xero and want continuous visibility into financial health and insolvency risk indicators without manually pulling reports.

How do I monitor business financial health?

The most efficient way to monitor business financial health is to connect a daily-syncing dashboard to your accounting system. Offermore reads your Xero balance sheet, profit & loss, cash flow, and aged receivables every day and surfaces six solvency indicators, ten financial ratios, and a 12-month health history — so you see trends in cash flow, profitability, and debt without rebuilding reports each month.

What are the early warning signs of insolvency in a business?

The Australian insolvency framework recognises a consistent set of warning signs: ongoing trading losses, poor cashflow or shortening cash runway, increasing debt and liabilities exceeding assets, overdue taxes and superannuation, incomplete or unreconciled records, and problems collecting debts from customers. Offermore tracks all six directly from your Xero data and flags each as green, amber, or red.

What are business solvency indicators?

Business solvency indicators are quantitative signals — drawn from balance sheet, profit & loss, and cash flow data — that show whether a business can meet its debts as they fall due. Common indicators include current ratio, quick ratio, working capital, debt-to-equity, cash runway, and consecutive loss periods. Offermore calculates these continuously from your Xero data alongside six insolvency risk indicators.

How much does Offermore cost?

Offermore is AUD $29 per month and includes a 14-day free trial. No credit card is required to start the trial.

Liquidation is the formal process of closing down a company. A liquidator sells off whatever the company owns, uses that money to pay back creditors in a set order, and once everything's been distributed, the company is dissolved and ceases to exist.

Phoenix activity is when the people behind a failing company shift its valuable assets (equipment, contracts, customer lists) into a new company they've set up, then let the old one collapse with all the debts still attached. It rises from the ashes under a new name, leaving suppliers, the tax office, and employees unpaid. It's illegal in Australia.

Insolvent Trading is the legal trouble directors get into when they let a company keep racking up debts after it's already insolvent. It's effectively the opposite of safe harbour: if you don't qualify for safe harbour protection and you keep trading, you can be held personally liable for those debts, and in serious cases face civil penalties or criminal charges.

ASIC (the Australian Securities and Investments Commission) is the corporate regulator. In insolvency, ASIC registers and supervises liquidators, maintains the public record of company insolvency events, investigates director misconduct, and can ban people from managing companies. Any time a company enters external administration, ASIC is notified and the event becomes part of the public record.

Deed of Company Arrangement (DOCA)

Deed of Company Arrangement (DOCA) is the deal that often comes out of voluntary administration. It's a written agreement between the company and its creditors that says how much will be paid, over what time frame, and on what terms. If creditors vote it through, the company can keep trading instead of being liquidated.

Safe Harbour Protection

Safe Harbour Protection gives directors breathing room. Normally, if you keep trading while insolvent, you can be held personally responsible for the debts you rack up (see insolvent trading). Safe harbour protects you from that personal liability, but only if you're genuinely working on a plan likely to produce a better outcome than going straight into administration.

Small Business Restructuring (SBR)

Small Business Restructuring (SBR) is a streamlined version of the formal restructuring process, designed for smaller companies. Directors stay in charge of day-to-day operations while a restructuring practitioner helps put a debt repayment plan together for creditors to vote on. It's cheaper and faster than full voluntary administration.

Receivership is a separate insolvency process where a secured creditor (usually a bank) appoints a receiver to take control of specific assets they have security over. The receiver's job is to recover what's owed to that one creditor, not to look after everyone. Receivership often runs alongside voluntary administration or liquidation rather than instead of them.

Receiver and Manager is a receiver with the added power to keep running the business while they sort out the secured creditor's debt. A plain receiver might just sell the assets; a receiver and manager can trade the company on, finish contracts, or restructure operations to get a better recovery.

Controller is the broader legal term that covers receivers, receivers and managers, and any other person who's been put in possession of company property to enforce a security interest. If you see "controller appointed" in a public notice, it usually means a secured creditor has stepped in.

Members' Voluntary Liquidation (MVL)

Members' Voluntary Liquidation (MVL) is for solvent companies, businesses that can pay all their debts but the owners want to close shop anyway. Maybe the owners are retiring, or the company has served its purpose. Assets are sold, debts paid in full, and whatever's left goes back to the shareholders.

Winding Up Order is a court order that forces a company into liquidation. It can be applied for by a creditor who's been ignored, by ASIC, or sometimes by a shareholder. Once it's made, the company has no choice. A liquidator is appointed and the business is closed down.

Director Penalty Notice (DPN)

Director Penalty Notice (DPN) is issued by the ATO when a company falls behind on PAYG withholding, GST, or superannuation. It strips away the protection that normally separates a director's personal finances from the company's, making the director personally on the hook for those unpaid amounts.

Proof of Debt is the form a creditor lodges to formally claim what they're owed from an insolvent company or bankrupt individual. Until you lodge one, you're not in line for any distribution, no matter how legitimate the debt is. The liquidator or trustee reviews the claim, asks for supporting documents if needed, and either admits or rejects it.

Garnishee Order is a powerful collection tool used by the ATO and sometimes other creditors. It lets them go directly to a third party who owes the company money (a bank, a customer, a tenant) and demand that money be paid to them instead of the company. A garnishee from the ATO is often the moment cash flow falls off a cliff and insolvency becomes unavoidable.

Bankruptcy Notice is a formal demand issued through AFSA requiring an individual to pay a debt (usually one confirmed by a court judgment) within 21 days. Ignore it and you're presumed insolvent, which lets the creditor file a petition to have you made bankrupt. It's the personal-insolvency twin of a statutory demand.

Sequestration Order is the court order that actually makes someone bankrupt when a creditor has petitioned for it. Once a sequestration order is made, the person's property vests in their trustee, and the bankruptcy is on foot. People who've just been served one often have very little time to react.

Debt Agreement is a formal alternative to bankruptcy for people with relatively modest debts and income. You agree with your creditors to pay back an agreed amount over time, often less than the full debt. It's legally binding and avoids the harsher consequences of bankruptcy, but it still goes on your credit record.

Personal Insolvency Agreement (PIA)

Personal Insolvency Agreement (PIA) is similar to a debt agreement but suited to people with bigger debts, more complex finances, or higher incomes. A trustee is appointed to put a proposal to creditors covering how debts will be dealt with, whether through repayments, asset sales, or some mix of both.

Discharge from Bankruptcy

Discharge from Bankruptcy is the point at which the bankruptcy formally ends, usually three years and one day after the bankrupt's statement of affairs was filed. Most remaining debts are wiped, and the person is free from the restrictions of bankruptcy, although the record stays on the National Personal Insolvency Index permanently.

Annulment of Bankruptcy

Annulment of Bankruptcy is when a bankruptcy is set aside as though it never happened. It can occur if all debts are paid in full, if creditors accept a composition or arrangement, or if the court decides the bankruptcy should not have been made. Unlike a discharge, an annulment removes the bankruptcy status entirely rather than just ending it.

Employee Entitlements in Insolvency

Employee Entitlements in Insolvency are the wages, super, leave, and redundancy that workers are owed when their employer collapses. The law puts these ahead of most other unsecured debts in the queue for repayment, though secured creditors still get paid first.

Unsecured Creditor is someone owed money who has no specific claim over any particular asset. Most trade suppliers fall into this category. They sit near the back of the repayment queue and often recover only a small fraction of what they're owed, sometimes nothing.

Secured Creditor is someone who's locked in a specific asset as backing for their loan, like a bank with a mortgage over property, or a financier with a registered interest in equipment. If the debt isn't paid, they can take and sell that asset. They get paid out of those proceeds before unsecured creditors see a cent.

Insolvency Explained: A Plain-English Glossary of Australian Insolvency Terms

A plain-English guide to Australian insolvency terms, written for business owners, directors, and anyone trying to make sense of what's happening to a company.

Not legal or financial advice.

See your business's insolvency risk in 5 minutes

Fundamentals

The core concepts behind Australian insolvency — what it means for a person or company to be insolvent, who steps in when they are, and the regulators that supervise the process.

Insolvency is when a person or company can't pay their debts on time. It's not about how much you owe overall (you might own valuable assets); it's specifically about not being able to meet payments as they come due.

External Administrator is the umbrella term for any licensed insolvency practitioner appointed to take control of a company in financial distress. The specific title depends on the process: a liquidator runs a liquidation, a voluntary administrator runs a voluntary administration, a deed administrator oversees a DOCA, a receiver acts for a secured creditor, and a provisional liquidator holds the fort while the court decides what to do. They're all registered liquidators (regulated by ASIC), and the same individual will often move between roles on the same matter, for example starting as voluntary administrator and continuing as deed administrator or liquidator.

Bankruptcy Trustee is the umbrella term for the licensed practitioner who manages an insolvent individual's affairs. Depending on the process, they might be acting as the trustee of a bankrupt estate, an administrator of a Part IX Debt Agreement, or a trustee of a Part X Personal Insolvency Agreement. Trustees are registered with and regulated by AFSA. In some bankruptcies, the role is filled by the Official Trustee (a government office within AFSA itself) rather than a private trustee.

Unfair Preference is a payment a company made to one creditor in the months before going under that gave that creditor a better deal than other creditors would get in the liquidation. A liquidator can claw the money back through the courts so it can be shared more fairly. If you're a supplier and you've received a letter from a liquidator demanding you repay money the company paid you, this is almost certainly what's behind it.

Voidable Transactions is the broader category that unfair preferences sit inside. It covers any transaction a liquidator can unwind because it disadvantaged creditors: preferences, uncommercial transactions (selling assets too cheaply), unfair loans, and transactions designed to defeat creditors. The look-back period varies depending on the type of transaction and who was involved. When a liquidator successfully claws funds back through a voidable transaction claim, the recovered money goes into the pool to be shared among all creditors.

AFSA (the Australian Financial Security Authority) is the federal agency that regulates personal insolvency in Australia. It registers and supervises trustees, maintains the National Personal Insolvency Index, administers some bankruptcies itself through the Official Trustee, and oversees the personal property securities system. If ASIC is the corporate-side regulator, AFSA is the personal-side equivalent.

Restructuring

Australian corporate restructuring covers voluntary administration, Deeds of Company Arrangement, safe harbour, Small Business Restructuring, and the receivership processes used by secured creditors.

Voluntary Administration is when a struggling company hands the keys to an independent administrator. That person takes control, looks at the books, and works out whether the business can be saved, sold, or needs to be wound up. The aim is to get creditors a better result than immediate liquidation would.

Liquidation

The four routes a company can be wound up in Australia: creditors voluntary liquidation, members voluntary liquidation, court-appointed liquidation, and provisional liquidation.

Creditors' Voluntary Liquidation (CVL) is when the directors of an insolvent company accept that the business can't continue and call it themselves. Shareholders pass a resolution to wind up, and creditors get a say in who is appointed liquidator.

Enforcement

The notices and orders creditors use to compel payment in Australia — statutory demands, winding up orders, director penalty notices, garnishees, and the personal-insolvency equivalents.

Statutory Demand is a formal letter from a creditor demanding payment of a debt within 21 days. Ignore it and the company is presumed insolvent, which gives the creditor grounds to apply to the court for a winding up order. It's a serious document, not a polite reminder.

Set-off in Insolvency is the rule that lets a creditor who also owes money to the insolvent company net the two amounts off against each other. If you're owed $50,000 and you owe $30,000, you only have to prove $20,000 as an unsecured debt rather than paying the $30,000 in full and then queuing up for a tiny dividend on the $50,000. It can dramatically change the outcome for businesses on both sides of a trading relationship.

Individuals

Personal insolvency and bankruptcy in Australia: bankruptcy itself, debt agreements, personal insolvency agreements, the Part IX and Part X processes, and how a bankruptcy ends.

Bankruptcy applies to individuals rather than companies. If a person can't pay their debts, they (or a creditor) can have them declared bankrupt. A trustee then takes over their financial affairs, can sell certain assets, and distributes the proceeds to creditors. After three years (usually), most remaining debts are wiped.

Rights and priorities

Who gets paid first when a business collapses in Australia — the priority order between secured creditors, unsecured creditors, employees, and the safety nets that protect workers.

Fair Entitlements Guarantee (FEG) is a government safety net for workers whose employer goes under. If a company is liquidated or the owner goes bankrupt and can't pay what's owed (wages, leave, redundancy), FEG steps in to cover most of those entitlements.

Personal Property Securities Register (PPSR) is the national database where lenders and suppliers record their security interests over things other than land: vehicles, equipment, stock, intellectual property. Registering on the PPSR is what makes a secured interest enforceable if the debtor goes under. Forget to register, and you might find yourself ranked as an unsecured creditor when it matters most.

See the warning signs before they become formal terms

Offermore monitors the financial signals behind these terms in real time, drawing directly from your live Xero data. Six insolvency risk indicators — ongoing losses, poor cashflow, increasing debt, overdue taxes and superannuation, incomplete records, and problems collecting debts — tracked daily, so you see trouble building long before a statutory demand or director penalty notice ever lands on your desk. See pricing or start a free trial below.

See your insolvency risk in 5 minutes

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Insolvency Explained: A Plain-English Glossary of Australian Insolvency Terms

Fundamentals

Insolvency

Liquidation

Phoenix Activity

Insolvent Trading

External Administrator

Bankruptcy Trustee

Unfair Preference

Voidable Transactions

ASIC

AFSA

Restructuring

Voluntary Administration

Deed of Company Arrangement (DOCA)

Safe Harbour Protection

Small Business Restructuring (SBR)

Receivership

Receiver and Manager

Controller

Liquidation

Creditors' Voluntary Liquidation (CVL)

Members' Voluntary Liquidation (MVL)

Court-Appointed Liquidation

Provisional Liquidation

Enforcement

Statutory Demand

Winding Up Order

Director Penalty Notice (DPN)

Proof of Debt

Garnishee Order

Set-off in Insolvency

Bankruptcy Notice

Sequestration Order

Individuals

Bankruptcy

Debt Agreement

Personal Insolvency Agreement (PIA)

Part IX Debt Agreement

Part X Personal Insolvency Agreement

Discharge from Bankruptcy

Annulment of Bankruptcy

Rights and priorities

Fair Entitlements Guarantee (FEG)

Employee Entitlements in Insolvency

Unsecured Creditor

Secured Creditor

Personal Property Securities Register (PPSR)

See the warning signs before they become formal terms