When businesses have multiple related entities, sometimes one entity (let’s call this Entity A) will pay a bill on behalf of another (Entity B). Or perhaps Entity A will receive income which was actually earned by Entity B. When this situation occurs within a multi-entity business, it can be difficult for finance teams to match the payments or income to their corresponding bills or invoices - a process called bank reconciliation. Finance teams usually have to search through their group to find the bills or invoices to which the transactions pertain, like finding a needle in a haystack.

With BRAG (bank rec across the group), finance teams are able to reconcile transactions that pertain to other entities’ bills and invoices within their existing Xero bank reconciliation page, so that multi-player bank rec is now equally as straightforward as the standard bank rec that we all know and love.

Using BRAG is a piece of cake and we have every confidence that you will take to it like a duck to water, especially with this Quick Start Guide to get you on your way.

Nevertheless, if you would like any additional support or have any questions for the team, please don’t hesitate to get in touch using the chat support function, or via our email: support@getmayday.com

Continue to Step 1: Get Set Up With BRAG