For Australian directors & their accountants
Automated insolvency risk assessment for Australian companies
Connect your Xero account and Offermore monitors six insolvency-law indicators every day — so you see trouble building months before it becomes a crisis, not after.
6 indicators · refreshed daily · AUD $29/mo · 14-day free trial · no credit card
Are you an adviser? See Offermore for accountants & advisors — monitor every client's indicators from their Xero.
How it works
Three steps to daily monitoring
01
Connect Xero
Sign in with your Xero account through its official OAuth 2.0 login. Offermore requests read-only access — you approve it once, and your password never passes through us.
02
Daily sync
Every day your profit & loss, balance sheet, cash flow, aged receivables and bank data are pulled across automatically. No spreadsheets, no month-end scramble.
03
Read the dashboard
Six insolvency-law indicators are scored green, amber or red, alongside supporting ratios and an overall health score — so you see where the pressure is at a glance.
What gets assessed
Six insolvency-law indicators
Each indicator is modelled on the warning signs Australian courts and the ATO weigh when assessing whether a company can pay its debts as and when they fall due. Every one is scored green, amber or red from your live Xero figures.
- 01Ongoing Losses
- Counts consecutive loss-making periods in your Xero profit & loss, most recent first. Sustained net losses signal a company that may not be able to trade its way back to health.
- 02Poor Cashflow
- Turns operating cash flow and cash on hand into a runway in months. Flags amber under six months of operating cash remaining, and red under three.
- 03Increasing Debt
- Compares total liabilities against total assets and the prior period. Red when liabilities exceed assets — balance-sheet insolvency — and amber when debt is trending up.
- 04Overdue Taxes & Super
- Reads GST, PAYG, superannuation and other tax liabilities from your balance sheet and cross-checks the tax report for confirmed overdue amounts — a common precursor to a director penalty notice.
- 05Incomplete Records
- Counts unreconciled bank transactions. Books that are not kept up to date are themselves a recognised warning sign and weaken any later solvency defence.
- 06Problems Collecting Debts
- Measures the share of your receivables that is 30+ days overdue, from your aged receivables report. Slow-paying customers are an early drag on the cash you need to meet your own bills.
Why automate it
Automated monitoring vs. one-off manual assessment
A manual assessment tells you where you stood on the day someone ran it. Insolvency risk moves faster than that. Continuous monitoring catches the drift in between.
| Automated monitoring | One-off manual assessment | |
|---|---|---|
| Frequency | Refreshed every day from live Xero data. | A snapshot on the day it is run — stale within weeks. |
| Effort | Connect once; the calculations run themselves. | Pull reports and rebuild the spreadsheet each time. |
| Coverage | Six indicators plus supporting ratios, every day. | Whatever you remember to check that time. |
| Trend | See each indicator move over time. | No history between one assessment and the next. |
| Early warning | Amber flags appear weeks before red. | Often only run once trouble is already obvious. |
Your data
Read-only, encrypted, reversible
Read-only access
Offermore uses Xero’s official OAuth 2.0 login and requests read-only scopes only. Nothing in your Xero can be created, edited or deleted from our side.
Encrypted, in transit and at rest
Traffic runs over TLS, and your Xero access and refresh tokens are stored as AES-256-GCM ciphertext. The encryption key is derived at runtime and never kept in the database, so a leaked backup alone yields only ciphertext.
Disconnect anytime
You approve the connection once and can revoke it whenever you like. Disconnecting cuts off access straight away.
No sign-up required
Two-minute manual self-check
Want a rough read before you connect anything? Answer ten honest yes/no questions and you will get a clear risk rating, along with the answers that carried the most weight. It runs entirely in your browser — nothing is sent anywhere and no account is needed.
Not legal or financial advice.
- 1. Are creditors or suppliers currently chasing you for overdue payments?
- 2. Have you deferred any ATO payments (BAS, PAYG, super) in the last 6 months?
- 3. Is your current ratio (current assets ÷ current liabilities) below 1?
- 4. Have you used personal funds or a personal loan to cover business expenses in the last 3 months?
- 5. Is your business revenue lower than it was 6 months ago?
- 6. Do you have outstanding loan repayments you are struggling to meet?
- 7. Have you received a Director Penalty Notice or formal demand from a creditor?
- 8. Are you relying on one customer for more than 40% of your revenue?
- 9. Have you had a month in the last 6 months where you could not pay all staff on time?
- 10. Are you unsure whether your business can pay its debts as and when they fall due?
Questions
Insolvency risk, answered
- Am I insolvent?
- A company is insolvent when it cannot pay its debts as and when they fall due — even if it still looks profitable on paper. Only a court or a registered liquidator can make that determination formally. Offermore does not declare you insolvent; it surfaces the same warning signs an accountant or court would weigh, so you can act while you still have options.
- How is insolvency risk calculated?
- Offermore reads your Xero profit & loss, balance sheet, cash flow, aged receivables and bank transactions, then scores six indicators — ongoing losses, poor cashflow, increasing debt, overdue taxes and super, incomplete records, and problems collecting debts — as green, amber or red. Supporting ratios such as the current ratio, working capital and cash runway are calculated alongside them, and the whole picture is refreshed daily.
- What are the warning signs of insolvency?
- The recognised warning signs are a run of trading losses, tight or negative cash flow, debt creeping up against assets, tax or super falling behind, books that are not kept up to date, and customers who are slow to pay. Offermore monitors all six from your Xero data and flags each one green, amber or red.
- Is an automated assessment a substitute for professional advice?
- No. An insolvency risk assessment is not legal or financial advice. It is an early-warning tool to help you spot pressure sooner. If your indicators turn amber or red, the most valuable step is to speak with your accountant or a registered insolvency practitioner while you still have runway.
- Do I need to be an accountant to use it?
- No. If your business runs on Xero, you connect it once and Offermore does the sums. The dashboard is written in plain English for company directors, and accountants and bookkeepers use it too to keep an eye on the clients they look after.
- Is my Xero data secure?
- Yes. The connection is read-only, so nothing in your Xero can be changed from our end. Your data is encrypted in transit over TLS and your Xero tokens are encrypted at rest with AES-256-GCM. You can disconnect at any time, which cuts off access immediately.
Weighing up a formal debt restructure instead? Check your company against the Small Business Restructuring eligibility criteria — including the $1 million liability cap — in about two minutes, free and without signing up.
See where your business really stands
Connect Xero and get your first insolvency risk assessment today. AUD $29/month after a 14-day free trial — no credit card to start.