The first thing we’ll ask you to do is to install the Mayday extension for your browser. This is currently available for Chrome and Microsoft Edge. This will automatically add the ‘Mayday’ tab to the bank rec interface of your Xero account, which is where the multi-player magic will happen.

You’ll need to reconnect with Mayday on a regular basis, roughly once a day whenever you use BRAG. We recommend pinning the Mayday extension to your browser’s toolbar so you’ll be able to easily reconnect it when you need to.

Secondly, you’ll need to set up your loan account code mappings. When a payment in one organisation relates to a bill in another, these accounts will be debited and credited as appropriate.

You will need to Enable Payments to the nominal codes you set here. To do this, head to the Chart of Accounts section of Xero (Accounting > Chart of Accounts), select the account code that you have set in your loan account code mappings for Mayday, and check the box that says ‘Enable payments to this account’

After you have finished setting up your account, you’re ready to get started with your multi-player bank reconciliation.

Continue to Step 2: Using BRAG to reconcile intra-group transactions

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