Multi-Entity Accounting Made Easy on Xero
Goodbye spreadsheets! Automate intercompany balances, recharges and cross-entity bank recs to mend month end.
Proven global impact
Reduction in admin time
Xero organisations using Mayday
Saved per month on average
Join over 5,000 organisations
saving time with MayDay
Xero is an incredible product. We love it to bits. But the gap in intercompany functionality was an Achilles' Heel and was meaning we needed to think about moving to NetSuite. Enter Mayday. This is a powerhouse product suite. As a multi entity finance team using Xero, we wouldn't be without it. Saves us so much time and pain.
Mayday is the software that the Xero ecosystem was crying out for. It's 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.
As a fast-growing business, it's imperative we get our management information out fast. But the sheer volume of manual work has always got in the way. Enter Mayday.
We set up a demo and trial with the team and immediately signed up. Mayday has saved us a significant amount of time at month-end, where we need it the most.
I was blown away by the power of Recharger and BRAG. So well considered. So elegantly designed. So powerful. The team were incredibly helpful in arranging a demo with the rest of our team. This is such a great suite of products.
If you're a multi-entity business using Xero, Mayday should be a default part of your tech stack. It massively advances Xero's capability in catering to more complex businesses like ours.
Products
Balancer
Unified dashboard
Easily track your intercompany balances on a unified dashboard.
Instantly spot discrepancies
Quickly locate discrepancies to reconcile posting asymmetry.
Easy intercompany FX/interest adjustments
Simply one-click post any FX or interest adjustments back to Xero.
Recharger
Automate cost and revenue recharges
Create a set of personalised rules to automate your recharges.
Save days at month end
Auto-pull through your Xero transactions - all you need to do is review.
One-click post back to Xero
One click post back to Xero as an invoice & bill, or journal.
Reconcile bank transactions across your group
Manage cross-entity bank recs in Xero
A browser extension to easily manage cross-entity bank recs in Xero.
Match invoices and bills to transactions
Match transactions to invoices and bills in other entities - or simply use the ‘Create’ function if they don’t already exist.
Why Mayday
Mend multi-entity month end
No more spreadsheets or month end headaches! Mayday automates processes for the ultimate accuracy and ease.
Cut your workload by days
Automate repetitive accounting tasks, freeing up your finance team to focus on strategic activities.
Accuracy you can rely on
Reduce manual errors with automated intercompany balances, recharges and easy cross-entity bank recs.
Scale with Xero
Manage multiple entities seamlessly, ensuring your accounting processes scale with your business - without the need to switch to an ERP.
24/5 support
We know your multi-entity business has its own complexities. With 1-1 onboarding and unlimited support, we’re committed to making Mayday work for you.
Quick & easy set-up
Use our on-demand support library or book a 1-1 onboarding. You can be set-up within 10-minutes.
Pricing
Free
Spot discrepancies in your intercompany balances
- 3 intercompany balances (same currency only)
- Not included
- Not included
- Unlimited users
- Access to support library
- Support (via live chat)
Passive
For businesses with few intercompany transactions
- Unlimited intercompany balances
- FX adjustments
- Interest
- Downloadable reports
- Fix asymmetries
- Unlimited users
- 1-hour tailored onboarding
- Support (via live chat)
Active
For businesses with material intercompany transactions
- AR/AP matching
- Unlimited rules
- Post as invoice/bill
- Custom recharge periods
- Post by transaction or rule
- Unlimited transactions
Advanced
For complex groups
with more
bespoke needs
- Bespoke rule creation service
- Unlimited transactions
- Unlimited users
- 2-hour tailored onboarding
- Support (live chat or Zoom)
- Guided setups
- Dedicated account manager
Recharger
Lite
For businesses with few inter-departmental transactions
Full
For businesses with material inter-departmental transactions
& Unlimited Support
Your finance team’s new best friend
Start a Free Trial
Click here to start your free trial
Connect your Xero Account
Login with Xero to activate your trial
Connect your Organisations
Connect your Xero organisations and you're good to go!
FAQs
When you create a rule using a set of conditions to pull certain transactions from Xero or Google Sheets and apportion them in a pre-defined way, that counts as 1 Recharge rule.
When you mark one bank feed item as paid through BRAG on Xero’s Bank Rec screen, that counts as 1 BRAG transaction.
Each transaction (on the left hand side of the screen) you match using BRAG can be matched to as many bills or invoices as you need (or you can create bills or invoices if none exist), and it will still count as 1 BRAG transaction
No! You can sign up to try all of Mayday’s features without adding any payment card details.
The size of your group on Mayday is the number of separate Xero organisations that you will want to connect.
You can change your group size at any time in the app, which will update your plan price automatically. We have lots of growing groups who add entities on a regular basis!
At the moment, Mayday only integrates with Xero, but we’ll be adding more accounting platforms very soon.
Please do let us know which platform you use here to inform our product development and so we can let you know when we go live with that platform.
In the meantime many customers find that they get value from setting their Xero entities up with Mayday. We've also found some great workarounds where you have non-Xero entities alongside Xero entities. Get in touch to discuss how this might work for your group.
If you have any questions or issues while using Mayday you can reach out using our in-app support chat.
You can expect a personal response to any query within hours (often within minutes).
Our customers rave about our quick response times and friendly, knowledgeable customer service.
No, there is no extra cost, every plan includes unlimited users
Yes, please reach out to our team or book a demo to find the best package for your business.
You can set up a free trial of Mayday in as little as 5-minutes.
To get the full the most out of the Mayday platform, implementation times can differ depending on the size and complexity of your group.
A member of the team will be in touch to book in a 1-1 20-minute onboarding call to tailor Mayday to suit your business.
Bundles allow you to bolt-on a limited number of Recharge rules or BRAG transactions. This can be helpful if you feel you don't have a large volume of these transactions, or want to try them out before committing to the Active or Advanced plans.
Feel free to play around with bundles above to see how the prices change for your group.
Generally, rather than adding 4 or more bundles to the Passive plan, it is more cost-effective to upgrade to the Active plan.