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:
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Keep your intercompany accounts and AR/AP balances in sync across your Xero files.
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Find and fix any intercompany discrepancies in seconds, eliminating spreadsheets.
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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:
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Setup bespoke rules (like Xero bank rules) to identify and split Xero transactions across multiple entities, account codes and even tracking categories.
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Run recharge calculations which sift through all of your Xero transactions automatically, and apply the rules you've created.
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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 + 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.
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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.
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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.
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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
Getting started
- Sign up to a 30-day free trial using your existing Xero login.
- Connect your Xero organisations and complete a 2-minute setup to get started.
- Book a free onboarding call or if you'd prefer some help, head to our website for guidelines on how to get started.
- That's it!
