What is the main purpose of Midday?
Midday is designed mainly as an all-in-one tool for freelancers, contractors, consultants, and micro businesses. It facilitates various aspects of running a business including financial health monitoring, project time-tracking, file storage, and invoice sending. It aims at reducing manual work, streamlining month-end procedures, and simplifying the task of preparing exported information for accountants.
How does the Midday Assistant work?
The Midday Assistant works by delivering personalized insights into a user's financial situation. It projects both income and expenses which can help optimize costs and identify opportunities. Users can ask Midday anything and get tailored insights, thereby helping them understand their biggest outgoings, incomings and ultimately their financial situation.
What is the 'Inbox' feature in Midday and how does it use AI?
The 'Inbox' feature in Midday utilizes AI to automatically match incoming invoices or receipts to the right transaction. It intelligently correlates and catalogues your financial records. Incoming receipts or invoices arrive in the inbox and with the AI solution, the invoice matches automatically with the right transaction.
What are the features of Midday's upcoming invoicing solution?
Midday's upcoming invoicing solution is expected to feature web-based invoices, live collaboration, and project synchronization. Though it is still under development, it promises to provide an innovative solution for handling invoice-related needs of businesses.
How does Midday streamline month-end procedures?
Midday streamlines month-end procedures by reducing manual work and simplifying the tasks involved. It automates receipt-to-transaction mapping, consolidates all files, provides financial overviews, and makes it easier to prepare exports for an accountant. All transactions are neatly packaged in a CSV file that can easily be exported.
Which banks does Midday connect with?
Midday connects to numerous banks across the US, Canada, UK, and Europe. It provides users a clearer understanding of their business's financial history and current state by bridging the gap between the bank and their accounting software.
What's the significance of Midday's open-source code?
Midday's open-source code signifies its commitment to transparency and adaptation. Users and developers can access the code, understand the workings of the platform, and even contribute to its development. This fosters a sense of community and encourages continuous improvement of the platform.
Can I adapt Midday to my specific business needs?
Yes, you can adapt Midday to your specific business needs. Thanks to its open-source code, you can clone, fork, and contribute to Midday serving your unique requirements.
How does Midday contribute in maintaining financial health?
Midday contributes to maintaining financial health by monitoring and delivering personalized insights into a user's financial situation. It projects both income and expenses, helping users optimize costs and identify opportunities to improve their financial health.
What kind of business files can be stored in Midday's Vault?
All types of business-related files, such as contracts and agreements, can be securely stored in Midday's Vault.
How does Midday's Tracker help in team collaboration?
Midday's Tracker facilitates team collaboration by providing insightful project overviews. It records project times and allows teams to share and work on these overviews seamlessly, enhancing coordination and boosting productivity.
How does Midday assist in preparing exported information for accountants?
Midday simplifies the preparation of exported information for accountants by taking care of the entire process. It packages all selected transactions from any chosen period neatly in a CSV file, which can be easily understood by accountants.
How does the Invoice feature work in Midday?
The Invoice feature in Midday is still under development. However, it is expected to provide web-based invoices, live collaboration, and project synchronization. The aim is to provide a comprehensive invoicing solution for users' needs.
What kind of personalized insights can the Midday Assistant provide about my financial situation?
The Midday Assistant can provide personalized insights into your financial situation by understanding your biggest outgoings and incomings. It projects both income and expenses and can identify areas where costs can be optimized and opportunities can be maximized.
How secure is the file storage in Midday's Vault?
File storage in Midday's Vault is highly secure. It's designed to keep all your business files safe in one centralized location, making it easier for you to keep track of important documents.
How does Midday contribute in identifying business opportunities?
Midday assists in identifying business opportunities by providing personalized insights into a user's financial situation. By monitoring and projecting income and expenses, it helps users optimize costs and spot potential opportunities.
Does Midday offer project synchronization?
Yes, Midday does offer project synchronization. It's part of their upcoming invoicing solution, which will feature live collaboration and project sync.
How can I contribute to Midday's open-source code?
Contributing to Midday's open-source code is straightforward. Since all of their code is fully open source, you can clone, fork, and contribute to Midday directly. You just need to access their repository to start contributing.