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 determine regular overtime patterns. It calculates annualised overtime income based on pay frequency and historical patterns, which is useful 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 them against payslip net pay, identifies recurring expenses (rent, insurance, subscriptions, loan repayments), and flags red flag transactions including gambling payments, Buy Now Pay Later (BNPL), dishonour fees, overdraw indicators, and large transactions over $5,000. Results are grouped by account number across multiple statement periods.

QualifyMate automatically flags YTD (year-to-date) income discrepancies. If the annualised YTD figure differs significantly from the stated base salary, a warning is raised with the percentage difference and severity level. This helps 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.