Income & Expenses

QualifyMate automatically identifies whether income is from PAYG employment or self-employment (ABN). For PAYG earners, it extracts base salary, overtime, bonuses, and allowances from payslips and employment letters. For self-employed applicants, it analyses tax returns, BAS statements, and financial statements to determine assessable income.

Yes. QualifyMate's overtime calculator analyses payslip data to estimate regular overtime income for serviceability calculations where lenders accept overtime income.

QualifyMate performs a comprehensive analysis of bank statements and credit card statements. It extracts salary credits and cross-references income across a borrower's documents, identifies recurring expenses such as rent, insurance, and loan repayments, and flags high-risk transactions such as gambling and Buy Now Pay Later (BNPL). Results are grouped by account across multiple statement periods.

QualifyMate automatically flags year-to-date (YTD) income discrepancies. When a payslip's YTD figures don't line up with the stated salary, a warning is raised with an explanation, helping brokers catch issues before submitting to the lender.

Yes. QualifyMate extracts commission income from payslips and employment letters. It identifies both base salary and commission components separately, allowing brokers to present income structures accurately to lenders.

HECS-HELP (now called HELP) debts are automatically detected from ATO documents, credit reports, and payslips. QualifyMate extracts the outstanding balance and flags it as a liability. This is important because HECS-HELP repayments reduce borrowing capacity at most Australian lenders.