Each agent in Mimo is built for a specific workflow, bookkeeping, VAT, or financial close, and they work together for the full close or on their own for just one job.

Bookkeeping

• Collect: Synced with Xero bank accounts, chases clients for missing records, and sends automatic recurring bank statement requests.
• Scan: Invoice and receipt scanning, with fast coding based on documents and history.
• Bank Reconciliation: Reconciles bank accounts and cards, with AI prompts for quick edits.
• Miscoding Review: Flags miscoded historic transactions.

VAT

VAT Review: Checks every transaction included on the VAT return, cross-checking attachments, supplier history, and HMRC guidelines. Presents an exceptions queue with suggested fixes, an exportable review log, and reconciles the VAT control account.

Financial close

• Adjustments & P&L: Identifies prepayments and accruals, automatically maintains schedules, posts journals, reverses accruals, and explains variances against the previous period.
• Balance Sheet Reconciliation: Aged debtors and creditors, payroll control account, and directors' loan account.

Payments

• Accounts Payable: Invoices captured by email forward or upload, coded automatically, and published to Xero as Awaiting Payment. You or your client approves the payment run before anything moves.
• Payroll: Upload the payroll file, payees are verified automatically, and Mimo runs the pay cycle.