Mayday mends month end for in-house finance teams at complex businesses scaling with Xero at their core, including those managing multiple entities or high transaction volumes.

For these teams, month end is dominated by hours spent manually identifying transactions, calculating adjustments and posting journals.

Mayday reduces these manual workflows to one-click, enabling a faster, error-free close. Here's how:

𝗖𝗼𝗿𝗲 𝗪𝗼𝗿𝗸𝗳𝗹𝗼𝘄𝘀:

𝗗𝗘𝗙𝗘𝗥𝗥𝗘𝗗 𝗥𝗘𝗩𝗘𝗡𝗨𝗘 & 𝗣𝗥𝗘𝗣𝗔𝗬𝗠𝗘𝗡𝗧𝗦: Automate the creation and recognition of your deferred revenue and prepayment schedules.

Problem: Posting expense and revenue journals requires manually identifying relevant transactions, calculating schedules, and posting to Xero.

Solution: Instantly identify which transactions require treatment. Apply recommended schedules and post to Xero in one click.

“Deferred Revenue is easy to use and flexible, it handles any situation you throw at it.” Martin Goodwin

𝗜𝗻𝘁𝗲𝗿𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀:

𝗕𝗔𝗟𝗔𝗡𝗖𝗘𝗥: Ensure your loan accounts never fall out of balance.

Problem: Loan accounts frequently fall out of balance due to posting asymmetry, FX errors, or missed interest.

Solution: Instantly flag discrepancies, pinpoints the culprit transaction, and post FX or interest adjustments to Xero in a single click.

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

𝗥𝗘𝗖𝗛𝗔𝗥𝗚𝗘𝗥: Automate your cost and revenue recharges.

Problem: Completing recharges manually means exporting transactions, identifying treatment, calculating in spreadsheets, and posting manually line by line.

Solution: Setup rules to identify relevant transactions and automatically apply recharge calculations. Review calculations and post as invoice, bill or journal back to Xero.

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

𝗕𝗥𝗔𝗚: Reconcile bank transactions across your group.

Problem: In Xero's bank reconciliation screen, users can’t see cross-entity matches. Finance teams must switch entities to find corresponding invoices or bills.

Solution: BRAG extends Xero’s bank rec screen to group level, so you can instantly match transactions to other entities’ invoices and bills, or create a new bill, invoice, or intercompany transfer in the right entity.

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

𝗛𝗤: Easily manage Chart of Accounts and Tracking Categories across every entity.

Problem: Misnamed or missing Chart of Accounts and Tracking Category codes across entities lead to reporting errors and blind spots.

Solution: HQ unlocks full visibility across your group, so you can easily fix or add codes and post directly to Xero.

“Loved the grid form and traffic-light system — helped enormously with clean up.” Katherine Parry

Watch our demo to see more. Balancer 00:41 Recharger 01:28 BRAG 02.42 HQ 04.13 Deferred Revenue & Prepayments 04:05