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Mayday

By Mayday
4.97 out of 5 stars
Free 30 day trial available
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“A multi-entity must have”. Intercompany & intra-entity charge automation | Balance sheet recs | Cross-entity bank rec. Xero Emerging App Partner of the Year 2023.
Rated
5.0
out of 5
Reviewed by
244
Xero users
Try this app
Free 30 day
trial available
Listed for
2 years
April 2022

Overview

Mayday simplifies the painful month-end process for multi-entity businesses and has cemented itself as the best-of-breed intercompany solution for Xero.

With its suite of products: Balancer, Recharger and BRAG (Bank Reconciliation Across the Group), in-house finance teams and accountants can eliminate manual intercompany tasks, as well as those complicated spreadsheets.

Mayday Balancer

Balancer makes reconciling your intercompany accounts and intercompany AR/AP simple and fast. No more toggling between Xero files, downloading transaction listings and manually matching transactions together.

With Balancer you can:

  • Keep your intercompany accounts and AR/AP balances in sync across your Xero files.

  • Find and fix any intercompany discrepancies in seconds, eliminating spreadsheets.

  • Post FX adjustments on multi-currency accounts, and charge interest on intercompany loans in a single click.

“Balancer is a lifesaver for identifying discrepancies” - Katrina Bignasca

Mayday Recharger

Recharger eliminates the painful, time consuming, spreadsheet based, error prone approach to intercompany recharges.

With Recharger you can:

  • Setup bespoke rules (like Xero bank rules) to identify and split Xero transactions across multiple entities, account codes and even tracking categories.

  • Run recharge calculations which sift through all of your Xero transactions automatically, and apply the rules you've created.

  • Review and post your recharges, across multiple entities, to Xero in one-click - all without having to leave Mayday.

“If you’ve used Xero’s bank rules, you’ll find the recharge rules so intuitive” - Yona Levander

Mayday BRAG

  • BRAG enhances Xero’s bank reconciliation, making it easy to match transactions to bills and invoices or create transactions across group entities with just one click.

“BRAG makes the best screen in Xero even better!” - Lauren Harvey

Whether you’re a franchisor, an international group, a chain, managing charges between departments or managing related entities, Mayday can save you days of manual work every month. Get started now with a 30-day free trial.

“Using Mayday across our multiple entities has been transformational. The time savings alone have provided a clear return on our investment, and the accuracy of our intercompany processes has never been better. Glad we don't have to manually reconcile our intercompany transactions any longer!” - Craig Attewell

Watch the video below to learn more. Open in YouTube for:

  • Balancer 00:00
  • Recharger 01:43
  • BRAG 05:02
Mayday
Play Video
, opens in a dialog

Mayday + Xero

“Great product. Easy to set up. Simple to use.” - Luke Hargreaves

Mayday integrates seamlessly with Xero, connecting to your organisations and pulling in all relevant transaction data in real-time.

  • Balancer pulls transaction data for intercompany accounts and AR/AP balances from Xero to match transactions and identify discrepancies. In one-click, Balancer can post FX-adjustments and interest on intercompany loans into Xero.

  • Recharger uses rules to sift through all of the transactions in Xero to post recharges across multiple entities back into Xero via bills or journals.

  • BRAG is a browser extension that works directly within Xero’s bank rec interface allowing you to match transactions with bills/invoices or create transactions across multiple Xero entities.

Mayday doesn’t just integrate with Xero - we enhance it, making your multi-entity month end smoother, faster, and more efficient than ever before.

“There’s software we tolerate, software we appreciate, software we love, and then there’s Mayday!” - Troy Swanson

Awards

🏆 Xero UK Emerging App Partner of the Year 2023

🏆 Rising CFO Tech of the Year, GENCFO Digital Finance Function Awards 2023

Reviews & ratings

5.0 out of 5 stars
244 Reviews

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Most recent reviews

JC
Jesse Chapman
Posted 18 Nov 2024
5 out of 5 stars

Thousands of transactions automated every month

We've got over 200+ recharge rules processing every single month, saving us countless hours of manual review, calculation and posting. Great app if you have multiple entities on Xero!
JB
Jo Budd
Posted 22 Oct 2024
5 out of 5 stars

A real time saver

We replaced our manual spreadsheets with Mayday and have saved so much time! It took a bit of effort to get set up, but was well worth it once we were up and running. The functionality to match transactions across entities is great and it's quick to run the calcs each month.
CA
Craig Attewell
Posted 16 Oct 2024
5 out of 5 stars

Wish we found Mayday sooner!

Using Mayday across our multiple entities has been transformational. The time savings alone have provided a clear return on our investment, and the accuracy of our intercompany processes has never been better. Glad we don't have to manually reconcile our intercompany transactions any longer!!

Additional info

Shared data

Xero
Mayday
Receiptsshared from Mayday to Xero
Paymentsshared from Xero to Mayday and from Mayday to Xero
Invoicesshared from Xero to Mayday and from Mayday to Xero
Accountsshared from Xero to Mayday
Tracking Categoriesshared from Xero to Mayday
Manual Journalsshared from Xero to Mayday and from Mayday to Xero
Journalsshared from Xero to Mayday
Credit Notesshared from Xero to Mayday
Contactsshared from Xero to Mayday
Bank Transactionsshared from Xero to Mayday

Functions

ReportingAccountant tools

Industries

Professional servicesFranchiseAccounting

App details

By Mayday
Added in 2022

Countries

Australia, Canada, Global, Hong Kong, Indonesia, Ireland, Malaysia, New Zealand, Philippines, Singapore, South Africa, United Kingdom, United States

Languages

English

Support

Setup walkthroughContact supportsupport@getmayday.com

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30 day free trial available

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.