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Management

Midday ✓

Run your business smarter with AI automation.

Source rating 5.0 (1) 2.5k views 22 saves Freemium
Freelancers Micro Businesses Financial Health Monitoring
More categories (4)
Invoice Sending Financial History Tracking File Storage Management
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Free + from $30/mo

Verdict

A quick read before you dig into the full page.

Best if
Run your business smarter with AI automation
Skip if
Limited integrations with other tools
Pick this when
Personalized financial insights

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Overview

Midday is a comprehensive tool designed for freelancers, contractors, consultants, and micro businesses to facilitate various aspects of running a business.

It prioritizes financial health monitoring, project time-tracking, file storage, and invoice sending. Its core features include the Midday Assistant that delivers personalized insights into a user's financial situation, projecting both income and expenses to help optimize costs and identify opportunities.

The 'Vault' securely stores all business files in one place, making it easy to retrieve things like contracts and agreements. The tool has an 'Inbox' feature that utilizes AI to automatically match incoming invoices or receipts to the right transaction, correlating and cataloguing your financial records.

There's a 'Tracker' for recording project times, providing useful overviews to enable seamless team collaboration. Midday also incorporates an invoicing solution, currently under development, that is set to offer web-based invoices, live collaboration and project synchronization.

Overall, Midday stands as a platform that helps reduce manual work, streamline month-end procedures, and simplify the preparation of exported information for accountants.

Moreover, it connects to numerous banks across the US, Canada, UK, and Europe, offering a clearer understanding of your business's financial history and current state.

With its open-source code, users can contribute and adapt the service to their needs.

Midday website

Access & connections

Where you can use Midday.

Platforms

Web

Capabilities

What this tool accepts, produces, and is strongest at.

Input

  • Tabular

Output

  • Tabular

Pros & cons

Pros

  • Personalized financial insights
  • Project income and expenses
  • Cost optimization
  • Business opportunity identification
  • Secure file storage
  • Auto-matching invoices
  • Project time-tracking
  • Seamless team collaboration
Show 19 more
  • Web-based invoice under development
  • Live invoice collaboration
  • Project sync in invoices
  • Reduces manual work
  • Streamline month-end procedures
  • Export information automation
  • Numerous Bank connections
  • Bridges bank & accountant software
  • Personalized assistance
  • Open-source code
  • Community contributions
  • Receipt-to-transaction automatic mapping
  • Secure file storage
  • Easy file retrieval
  • Time-tracking solution
  • Clear financial overview
  • Features under development
  • Seamless export preparation
  • Easy attachment access

Cons

  • Invoicing feature under development
  • Limited to US, Canada, UK, Europe banks
  • Requires bank connection
  • No standalone mobile app
  • Reliance on community contributions
  • Unproved live collaboration functionality
  • Limited integrations with other tools
  • Data security concerns with open-source
Show 1 more
  • Dependent on third-party storage (Vault)

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Releases 1

Initial release March 25, 2024 Current
Initial release of Midday.

FAQ 12

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 'Vault' feature in Midday?
The 'Vault' feature in Midday is a secure storage space for all business files. It collects all important files in one place which makes it easier for users to retrieve items such as contracts and agreements. It eliminates the need to scramble for files across different drives.
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.
How does Midday's 'Tracker' feature help with time-tracking of projects?
Midday's 'Tracker' feature is designed to record project times effectively. It provides useful overviews which can foster seamless collaboration amongst team members. Team projects can be time-tracked boosting productivity and project efficiency.
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.
Midday Free + from $30/mo
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