Mayday vs Stacks Financial Close

Mayday is a web-based month-end platform for finance teams using Xero, QuickBooks Online or Intuit Enterprise Suite. It identifies missing or incorrect entries, calculates adjustments for review and approval, then posts approved journals to Xero or QuickBooks. Its products include Flux, Prepayments, Accruals, Deferred Revenue, Balancer, Mayday HQ, BRAG and Recharger. Mayday AIR suggests actions using accounting principles and business context; the maker says it will not train AIR on private customer data without permission. The platform supports approval workflows, audit trails, multi-entity close and recurring templates. The Basic plan is £0/mo, and a 30-day free trial does not require card details. The pricing note lists paid access from £12.50/mo when billed annually, while several listed plans are £10/mo. QuickBooks Online has restrictions: BRAG and Mayday HQ are unavailable, and some functions in Balancer, Recharger, Deferred Revenue and Prepayments are limited. Mayday says its service runs on AWS, with data storage and processing in the London region. It lists encryption, SSO and MFA via Xero and Intuit, role-based access controls and 24/7 infrastructure monitoring.

Stacks Financial Close coordinates finance close tasks, journals, and reconciliations through AI agents and a live calendar. The calendar tracks owners, dependencies, deadlines, and status across the team. Teams can import an existing calendar, assign owners, link policies, and carry workflow improvements into later periods. Tasks can retain a preparer, reviewer, supporting evidence, and linked policy for reuse. The workflow enforces role separation and approvals, with journals staged for review before posting to the general ledger. Timestamped records cover tasks, approvals, supporting documents, reconciliations, working papers, and journals. Listed ERP connections include NetSuite, Microsoft Dynamics 365 BC, SAP S/4HANA, and Workday; other connections include spreadsheet, storage, data, and analytics services. The close management page describes read-only access, centralized controls, and no changes to ERP configuration. Stacks lists SOC II Type II, ISO 27001:2022, GDPR compliance, SOX-ready controls, and SAML-based single sign-on. It runs on the web. Pricing is on request; the site invites prospective customers to book a demo.