One of the first rules of bookkeeping: reconcile your transactions. This means matching payments and income to their corresponding bills and invoices. With Xero, this is easy: their bank reconciliation interface allows you to quickly identify which invoices and bills your transactions relate to and instantly reconcile them. When your transactions relate to bills and invoices that have been posted to other group entities, this is a different story.

There are a few reasons why a business with multiple related entities might need this. Entity A might pay a bill on behalf of Entity B if Entity B doesn’t have its own bank account, or perhaps the bill was posted in Entity A’s currency so it makes sense that they would pay it. Whatever the reason, the result is a very difficult reconciliation process. To match payments and income to bills and invoices posted to other group entities, finance teams have to comb through all of the related entities’ Xero accounts to find the information they need to reconcile the transactions. It can take a very long time, and can be incredibly frustrating.

Mayday BRAG is an extension which adds on to the existing bank reconciliation page. This enables users to quickly find the bills and invoices which apply to their intra-group transactions, and immediately reconcile them as they would with their regular payments and invoices.