Mayday has an ever growing list of products helping you run month end in a breeze
Mayday eliminates the pain of manual accounting adjustments, saving finance teams a whole day of work each month and improving accuracy. Multi-entity with Xero has never been so easy.
Never again will your intercompany loan accounts fall out of balance: Balancer cross-checks your intercompany loan accounts to ensure both entities show equal amounts.
Discrepancies clearly visible: quickly find the culprit that unbalanced the accounts and rectify posting asymmetry.
Simplified adjustments: any FX and/or interest adjustments are auto-calculated for you to one-click post back to Xero.
Automate intercompany charges: removing the manual work of recharging costs and revenues between group entities. Reducing scope for human error, and average recharge time by 98%.
Create your own rules: like the bank rules you use in Xero, create rules to automate the calculation of your intercompany recharges.
Aligned with Xero processes: your recharge rules will pick up the relevant Xero transactions and calculate your recharges. Then one-click post back to Xero. A task which used to take a whole day is now a tick-box task which takes just minutes.
Cross-entity bank rec made simple: easily and efficiently match transactions where one group entity pays a bill or receives money for an invoice posted in another group entity, eliminating the risk that a bill could be paid twice.
Xero extension: the bill or invoice can be matched by the entity that paid or received it directly from that entity's Xero bank rec, and marked as paid without the need to switch Xero files.
Automate loan account postings: matching payments across entities with BRAG automatically generates the relevant loan account postings.
Mayday is built on deep industry insight and a passion for building brilliant accounting technology. Proud winners of the Xero Emerging App Partner of the Year Award 2023.
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