Midday

Midday is an AI-powered platform that automates invoicing, time tracking, file reconciliation, and financial management for freelancers and small businesses. It connects to over 20,000 banks in 33 countries, providing real-time insights into revenue, expenses, and burn rate. The platform integrates features like Invoicing, Time Tracker, Magic Inbox, Vault, and Assistant to streamline operations. Users can create professional invoices, track project hours, store documents securely, and export data in CSV format for accountants. The Assistant offers tailored financial insights based on user queries.

The Invoicing feature allows users to create web-based invoices, add taxes or discounts, and monitor payment statuses. Time Tracker logs project hours, sets billable rates, and generates invoices directly. Magic Inbox matches receipts to transactions automatically, reducing manual work. Vault provides secure storage with smart search for contracts and receipts. Seamless Export simplifies accountant-ready data exports. The platform’s open-source nature allows self-hosting for advanced users.

Compared to QuickBooks and Xero, Midday focuses on freelancers with a modern, AI-driven approach. QuickBooks offers more robust features for larger businesses, while Xero excels in multi-user collaboration. Midday’s pricing is subscription-based, competitive with similar tools, though specific costs vary.

Users may appreciate the automation and clean interface but could find the initial setup complex. Bank integration limitations may affect some users. The Slack integration adds value for team communication.

To maximize Midday, start with the free trial, connect your bank, and test the Assistant with specific questions. Export a sample CSV to ensure compatibility with your accountant’s needs.