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Mayday Academy

Welcome to our information hub, where we provide detailed explanations about various aspects of multi-entity month end

What are intercompany loan accounts?

Intercompany loan accounts occur when multiple business entities, usually companies, are connected by shareholding and form a corporate group

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What is loan account automation?

Loan account automation ensures that intercompany loan accounts will never again fall out of balance. Read on to discover how loan account automation works

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What are intercompany charges?

If you need help understanding the world of intercompany charges, don’t fear! Read on to find out exactly what intercompany charges are.

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What is recharge automation?

Intercompany charges are a critical part of accounting correctly where you have multiple related business entities. While the output is critical, the process for running intercompany charges has historically been cumbersome and time-consuming. It has required:

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What is cross-entity bank rec?

One of the first rules of bookkeeping: reconcile your transactions.

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