Midday | Run your business smarter
Midday provides you with greater insight into your business and automates the boring tasks, allowing you to focus on what you love to do instead.
What it is
Midday is a business management platform designed to help founders and small business owners automate financial and administrative tasks. It integrates functionalities like financial overview, time tracking, invoicing, and document management into a single system. The platform connects with over 20,000 banks across 33 countries to provide a unified view of business finances.
Main Features
Financial Management
- Connects to bank accounts to provide a real-time financial overview
- Tracks revenue, burn rate, and expenses
- Provides a unified currency overview across all connected accounts
Invoicing
- Creates and sends invoices to customers
- Tracks sent balances and overdue payments
- Sends payment reminders
- Supports VAT, sales tax, discounts, and custom logos
- Allows users to see if an invoice has been viewed
- Exports invoices as PDF
Time Tracking
- Tracks time and monitors project durations
- Sets billable rates and time estimates
- Shows billable amounts and monthly breakdowns
- Creates invoices directly from recorded time
- Exports time data as CSV
Document Management (Inbox & Vault)
- Provides a personalized email address for receiving invoices and receipts
- Automatically saves invoices and receipts in the vault
- Uses smart search to find receipts and invoice content
- Stores files like contracts and agreements securely
- Automatically classifies documents for easy search
Assistant
- An AI-powered feature that answers questions about financials
- Provides insights into spending, revenue, and profit
- Helps users find specific transactions, receipts, or invoices
Export Functionality
- Exports transactions and related attachments for accountants
- Packages data into CSV files for easy handling
How it works
Automated Financial Reconciliation
Users receive invoices and receipts via a personalized Midday email address. The platform suggests matching transactions, and users can approve the match. The associated files are then automatically saved to the vault, creating a reconciled record.
Project Time and Billing
Users track time spent on projects within the platform. They can set hourly rates and create invoices directly from the tracked hours, streamlining the billing process.
Financial Oversight and Querying
Users connect their business bank accounts to get a dashboard overview of income, expenses, and cash flow. They can use the AI assistant to ask natural language questions about their financial data, such as What's my burn rate? or Find a receipt.
Key Points
- The platform is open-source, allowing for transparency and community contributions.
- It is designed specifically for founders and small business owners to reduce manual administrative work.
- User testimonials highlight time savings of 1-2 days per month on reconciliation and improved financial understanding.
- It automates the month-end process and simplifies exporting data for accountants.
Additional Details
- A free trial is available with no credit card required.
- The platform is identified as version v1.1.
- As an open-source project, it has over 11.5K stars on GitHub.
- It offers a desktop application for download.
- Developers can access documentation, engine details, and community resources.
