For in-house finance teams and multi-entity groups in the "M of SMB", 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.

Through Mayday's partnership with Xero, we are offering new Mayday customers 50% off all plans for a limited time. Use these codes at checkout: ◆ 𝐗𝐄𝐑𝐎50𝐌𝐎𝐍𝐓𝐇𝐋𝐘 → 50% off for the first 6 months of a monthly plan ◆ 𝐗𝐄𝐑𝐎50𝐀𝐍𝐍𝐔𝐀𝐋 → 50% off the first year of an annual plan

𝐇𝐞𝐫𝐞’𝐬 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐲𝐝𝐚𝐲:

𝐂𝐨𝐫𝐞 𝐰𝐨𝐫𝐤𝐟𝐥𝐨𝐰𝐬:

𝐃𝐄𝐅𝐄𝐑𝐑𝐄𝐃 𝐑𝐄𝐕𝐄𝐍𝐔𝐄 & 𝐏𝐑𝐄𝐏𝐀𝐘𝐌𝐄𝐍𝐓𝐒 Automate the creation and recognition of 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. “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, pinpoint the culprit transaction and post FX or interest adjustments in one click. “𝑨 𝒍𝒊𝐟𝒆𝒔𝒂𝒗𝒆𝒓 𝐟𝒐𝒓 𝒊𝒅𝒆𝒏𝒕𝒊𝐟𝒚𝒊𝒏𝒈 𝒅𝒊𝒔𝒄𝒓𝒆𝒑𝒂𝒏𝒄𝒊𝒆𝒔.” —Katrina Bignasca

𝐑𝐄𝐂𝐇𝐀𝐑𝐆𝐄𝐑: Automate cost and revenue recharges. ◆ 𝐏𝐫𝐨𝐛𝐥𝐞𝐦: Completing recharges manually means exporting transactions, identifying treatment, calculating in spreadsheets and posting line by line. ◆ 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: Set up rules to identify relevant transactions and automatically apply calculations. Post as invoice, bill or journal 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 rec screen, users can’t see cross-entity matches. ◆ 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: BRAG extends Xero’s bank rec to group level for instant matching or creating new documents in the right entity. “𝑩𝑹𝑨𝑮 𝒎𝒂𝒌𝒆𝒔 𝒕𝒉𝒆 𝒃𝒆𝒔𝒕 𝒔𝒄𝒓𝒆𝒆𝒏 𝒊𝒏 𝑿𝒆𝒓𝒐 𝒆𝒗𝒆𝒏 𝒃𝒆𝒕𝒕𝒆𝒓!” — Lauren Harvey

𝐇𝐐: Ensure consistency across your group Chart of Accounts and Tracking Categories. ◆ 𝐏𝐫𝐨𝐛𝐥𝐞𝐦: Misnamed or missing COA and Tracking codes cause reporting errors. ◆ 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧: HQ lets you fix or add codes and post directly to Xero. “𝑳𝒐𝒗𝒆 𝒕𝒉𝒆 𝒈𝒓𝒊𝒅 𝐟𝒐𝒓𝒎 𝒂𝒏𝒅 𝒕𝒓𝒂𝐟𝐟𝒊𝒄-𝒍𝒊𝒈𝒉𝒕 𝒔𝒚𝒔𝒕𝒆𝒎” —Katherine Parry

Watch our demo to see more.