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Automate your intercompany charges. Do in minutes what used to take hours. Connect your group entities -> Create personalised rules -> Transactions flow through -> Your rules automatically calculate your recharges -> You review and make any tweaks -> one-click post back to Xero

Overview

Mayday Recharger is a simple solution for businesses who have connected entities. Charging costs and revenues between those entities has previously been a time-consuming, manual process. Not any more. You can now get all of the benefits of monthly intercompany charges for a tiny fraction of the time it used to take.

"Mayday is the answer to a larger Xero user's prayers. It's now so easy and smooth to be able to generate our recharges each month." - Troy Swanson, Finance Director at SPM

To start, simply connect the accounting systems of your different connected entities to Mayday Recharger. Similar to the bank rules you use in Xero, you create rules to automate the calculation of your charges; using factors like account code, tracking category, customer or supplier contact and transaction description. Mayday Recharger seamlessly pulls transactions from each group entity's accounting system. The rules you set apply to those transactions. Then, review and make any tweaks, and post back to Xero as an invoice or journal. That's it. Now, it takes only minutes to run your intercompany recharges monthly.

"Mayday has saved us a significant amount of time at month end, where we need it the most." - Kaitlin Grenside, London Green

Mayday Recharger is built on deep industry insight and a passion for building brilliant accounting technology. It's Co-Founded by the former Founder & CEO of Chaser, Xero’s App Partner of the year 2016.

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Mayday Recharger
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Mayday Recharger + Xero

"Mayday gives Xero wings" - Harriet Hope, Financial Controller at Arbolus

Mayday Recharger securely connects to the accounts of your connected entities that use Xero. It pulls details of your account codes, tracking categories and contacts so that you can use them in creating your recharge rules. Each month when you log in to run your intercompany recharges, Mayday Recharger pulls your transaction data from Xero, applying your recharge rules to calculate your intercompany recharges. You can then make any tweaks required, and Mayday Recharger will present you with your final intercompany recharges which can be posted back to Xero with just one click.

Reviews & ratings

5.0 out of 5 stars
19 Reviews
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Yona Levander
Posted
5 out of 5 stars

Exceptional product. So well thought through

This is a great product. It's so valuable to us as a business. Intercompany charges was previously a one day job as part of month end. Now it takes 5 minutes. It was so easy to get set up with Mayday Recharger. If you've used Xero's bank rules, you'll find the Recharge Rules in Mayday so intuitive. And the one click posting back to Xero is such a lovely experience. Familiar in all the right ways with the similarity to the Xero interface. Innovative in enabling both sides of the recharges to be posted with just one click. The perfect combination
MP
Megan Plumridge
Posted
5 out of 5 stars

Mayday is awesome - wouldn't be without it

We were tearing our hair out at month end with convoluted spreadsheets and manual processes to manage our inter-entity recharging for both our own, and our clients reporting. Mayday has really met a need to simplify and automate this task, as well as give visibility and consistency as to what has been on-charged. got a special feeling from this team when I met them at Xerocon Sydney. And that feeling has been proven bang on the money. They are SO helpful. SO responsive. We had a couple of issues in getting setup with the way we do things and the unconventional name of our organisation. I had had a manic week so was trying to do my recharges on Saturday morning NZ time. The team at Mayday, late Friday evening their time, bent over backwards to help me get things sorted. Incredible product. Incredible team. If you are a mutli-entity Xero using business and are not already using Mayday: find a mirror and ask yourself what on Earth you are doing.
BT
Ben Thomson
Posted
5 out of 5 stars

An integral part of our tech stack

We've used Mayday Recharger for 6 months to automate the intercompany charges between our related entities. It makes our lives so much easier. It solves so much pain for us each month end. The customer care is brilliant. It's an integral part of our tech stack.

Additional info

Shared data

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

App details

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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