Once you’ve logged in to Mayday with your Xero account, you can get started by setting up your loan account code mappings. This lets Balancer know which accounts to monitor and cross-check for discrepancies.

This also informs Balancer which account codes to post your FX adjustments to. In due course, users will be able to use account code mappings in the same way to select where interest adjustments should be posted.

To set up your loan account code mappings, head to settings at the bottom left of the navigation bar.

Once you have set up your account mappings, Balancer will pull through the relevant data from your Xero organisation and start to cross-check your intercompany loan accounts.

Continue to Step 2: View discrepancies between loan accounts