Midday - Short Review

Finance Tools

Midday is a comprehensive, all-in-one tool designed to help freelancers, contractors, consultants, and micro businesses manage their operations more efficiently. Here’s an overview of what Midday does and its key features:

Purpose

Midday integrates various business management functions typically scattered across multiple platforms into a single, cohesive system. This integration aims to streamline financial management, project tracking, file storage, and invoicing, making it easier for small businesses and solo entrepreneurs to run their operations smarter.

Key Features



Time Tracking

Midday includes a robust time tracking feature that allows users to track project time in real-time, boosting productivity and facilitating collaboration among team members. This feature provides insightful project overviews, helping users manage their time more effectively.

Invoicing

Although currently an upcoming feature, Midday’s invoicing system will enable users to create web-based invoices, collaborate in real-time, and synchronize projects seamlessly. This will simplify the invoicing process and enhance financial management.

Magic Inbox

The AI-powered ‘Magic Inbox’ automatically matches incoming invoices or receipts to the correct transactions, simplifying financial tracking and organization. This feature significantly reduces manual effort and enhances the accuracy of financial records.

Vault

Midday offers a secure storage feature called ‘Vault’ for important business files such as contracts and agreements. This keeps all critical documents in one place, ensuring easy access and secure storage.

Seamless Export

Users can easily export financial data, which is packaged neatly in CSV files, making it convenient for accountants and other financial professionals to work with the data.

Assistant

The Midday Assistant provides tailored insights into financial situations, helping users understand spending patterns, cut costs, and find documents. This feature is crucial for making informed business decisions and optimizing financial health.

Financial Integration

Midday connects with over 20,000 banks across the US, Canada, UK, and Europe, allowing users to access real-time financial insights and manage their financial transactions effortlessly. This integration is facilitated through partnerships with banking providers such as GoCardless, Plaid, and Teller.

Technology and Architecture

Midday is built using a range of modern technologies, including:
  • Bun, React, TypeScript, Next.js, and TailwindCSS for the frontend and application architecture.
  • Supabase for database, storage, real-time capabilities, and authentication.
  • Cloudflare for hosting, workers, and caching.
  • Trigger.dev for background jobs, and Sentry for observability and error tracking.


Additional Services

Midday leverages several external services to enhance its functionality, including:
  • Typesense for search indexing.
  • Unkey for API key management and rate limiting.
  • OpenStatus for monitoring and alerts.
  • Novu for notifications, and Polar for payment processing.


Open Source

Midday is fully open-source, which allows for community contributions and continuous improvement. This transparency and collaborative approach make Midday a versatile and adaptable solution for small businesses. In summary, Midday is a powerful tool that streamlines various aspects of business operations, from time tracking and invoicing to financial management and secure file storage, all while providing real-time financial insights and automated matching of transactions. Its open-source nature and integration with multiple banking providers make it an ideal solution for freelancers, contractors, and micro businesses.

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