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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
248
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 00:13
  • Recharger 01:40
  • BRAG 03:05
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
248 Reviews

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Most recent reviews

CM
Cameron McPherson
Posted 9 Dec 2024
5 out of 5 stars

Huge time saver, great for any multi entity setup

I've used the recharge and intercompany balances functions and will never go back. It's a huge time saver. It's much easier to visualise things, and investigating intercompany balances or differences is a complete non-issue now.
ND
Neeta Dhami
Posted 6 Dec 2024
5 out of 5 stars

No more intercompany headaches!

We’ve been using Mayday’s Balancer for a few months now, and I can’t imagine going back. Thanks a lot Mayday!
AH
Ashley Harrow
Posted 5 Dec 2024
5 out of 5 stars

The most excited I've been since I first used Receipt Bank

I've been working with Xero for nearly a decade now. It was 8 years ago that I first used Receipt Bank. It was an absolute game changer for my work. I didn't think I'd experience that same excitement about another Xero ecosystem app. I was wrong. Over the last 2 weeks, we've been setting up Mayday for our 10 entity group. We want to get everything on a great footing as a group before 2025. I've been pushing Mayday to its limits and tried to find every way I can to break it. But it has withstood that testing and then some. It is an absolutely incredible solution. So well considered. So effective. You can tell the huge amount of time that has gone into understanding the customer needs. This is a simply superb suite that I recommend any multi-entity business using Xero looks at implementing into their tech stack as soon as they can.

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

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