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Mimo

By Mimo
5 out of 5 stars
So accountants can do more, and their clients can do better. Mimo removes the admin that slows firms down and the financial friction that holds small businesses back by automating month-end, unifying payments and simplifying financing.
Rated
5.0
out of 5
Reviewed by
25
Xero users
Listed for
2 years
March 2024
Key functions
Accountant tools
Payments

Overview

Close the books in a fraction of the time with Mimo Associate.

Mimo Associate is a system of AI agents that runs month-end close for accounting firms. Not a single bolt-on tool, but a connected set of agents that work across the whole close and remember how each client works.

  • Collect documents and client context automatically: Agents chase missing documents, gather explanations from clients, and pull files straight from connected inboxes. Every upload is sorted to the right request, so your team stops chasing and starts reviewing.

  • Scan and match in one pass: Documents are read, extracted, and matched to the right transaction. Your team has complete, accurate information before any adjustment begins.

  • Adjustments, drafted and evidenced: Associate reads the ledger and surfaces the accruals, prepayments, and deferrals worth posting, each with the evidence behind it and a drafted journal ready for review. Accept, edit, or dismiss, and Mimo posts to Xero for you.

  • Review the P&L and balance sheet with confidence: Get a clean P&L and balance sheet with the variances that matter already flagged, plus VAT and coding issues caught before sign-off. Editable AI commentary is ready to drop into a client pack. Close faster, and trust the number.

  • Bank Reconciliation that ends the detective work: Get every bank and credit card account to zero unreconciled. Mimo reconciles to the statement, surfaces the exact lines that are missing or extra, and lets you create the fix without leaving the workflow.

Mimo Pay

Mimo also handles the money movement around close. Pay suppliers in one click and in any currency, run payroll, and set approval flows across your team. Send branded payment requests, track receivables in one view, and get paid faster. Every payment reconciles back to Xero automatically.

Mimo + Xero

Mimo maintains an instant, two-way sync with Xero. Invoices, bills, expenses, and payments sync live and automatically for a connected bookkeeping, payments, and reconciliation experience. Adjustments posted in Mimo flow straight to Xero, and edits in Xero sync back, so both stay in step through the close. Documents published to Xero link directly back to Mimo, so you can move between the two in a single click and always work from one set of numbers.

Pricing plans

*All prices are exclusive of tax

Mimo Associate

Contact for pricing
  • Automated month-end close, start to finish
  • Agents chase and collect client documents
  • Scans and matches documents to transactions
  • Drafts accruals and prepayments with evidence
  • Balance sheet review with AI commentary
  • Bank reconciliation to zero unreconciled
  • Remembers each client across every close
  • Posts journals straight to Xero

Reviews & ratings

5.0 out of 5 stars
25 Reviews

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Most recent reviews

LI
Luke Irving
Posted
5 out of 5 stars

The ultimate time-saver

If you are using Xero but still doing manual payments, you need Mimo! It's a no brainer, you will save loads of time and their support team are super responsive for any problems or queries
MS
Manchula Sivalogarajah
Posted
5 out of 5 stars
Easy to use and excellent support!
AD
Alison Davidson
Posted
5 out of 5 stars

Great App

Super set up with Mimo - really easy to use, extremely helpful people and saving so much time on making payments compared to before. Highly recommend!

Additional info

Shared data

Xero
Mimo
Bank Transfersshared from Mimo to Xero
Paymentsshared from Xero to Mimo and from Mimo to Xero
Invoicesshared from Xero to Mimo and from Mimo to Xero
Accountsshared from Xero to Mimo
Reportsshared from Xero to Mimo
Receiptsshared from Xero to Mimo
Bank Transactionsshared from Xero to Mimo and from Mimo to Xero

Functions

Accountant toolsPayments

Industries

RetailHospitalityAccounting

App details

By Mimo
Added in 2024

Countries

United Kingdom

Languages

English

Support

Setup walkthroughContact supportsupport@mimohq.com

Follow

LinkedIn

Get started with Mimo

Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.