Mayday Recharger is a simple solution for businesses who have connected entities. Recharging 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 recharges for a tiny fraction of the time it used to take.
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 recharges; 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. That's it. Now, it takes only minutes to run your intercompany recharges monthly.
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.