Now you can easily dive into the detail of your business with tracking in Xero’s new reports.
All areas of your business, such as departments, cost centres and locations can be quickly and easily split out. The new reports combined with tracking provide even more information, in real time to enable better business decisions.
Checkout our example Financial Statements using Tracking for a property company.
Tracking categories are an addition to the custom report columns we released last month.
Now available in the:
- Profit and Loss
- Balance Sheet
- Movements in Equity
- Statement of Cashflows
As well as adding multiple columns each with different tracking, you can also set one column to consolidate multiple tracking values.
“If you are a not-for-profit, you may want to set-up tracking categories to track grant income and expenditure, and therefore produce profit and loss reports detailing each individual grant or all grants as separate columns.”
Brad Harpur, Laurenson Chartered Accountants, Wellington
Using the recently released custom columns, you can now compare up to 36 columns side by side using actuals versus budgeted numbers, customizable dates, formulas, and notes.
- Xero uses tracking instead of department codes or cost centers. This keeps your chart of accounts manageable and makes reporting on different departments very easy.
- You can have two active tracking categories with many tracking options for each tracking category.
We trust you’ll love the flexibility that tracking columns bring. We’re looking forward to bringing you more reporting improvements in the future.
If you’d like to learn more, head to the help centre for a: