nettTracker - Spring release 2024

Provider Tracking Options

We have had the ability to split accounting journals by 'Class' for QuickBooks users, but due to demand we are happy to announce that you can split journals for the following accounting providers as follows:

• QuickBooks Online - Class, Location (either or both)

• Xero - Up to 2 Tracking Categories and options below them

• Sage - Cost Centre and Department

You will find the option to enable Provider Tracking Options within Company Settings.  This very short video tutorial will show you how.

Editing items and Batch Edits

Within the asset register and accrual/prepayment statement you will no longer see the 'Tools' icon to make edits until you select an item using the tick box on the left.  When you select multiple items you will be able to make 'Batch edits'.  Extremely useful if you wish to update the location of 100 assets at once!  Please see this short video that shows you how to use the new editing and batch edit features.

Option to disable condensed journal postings

A 'Condensed Journal' is a where nettTracker will create a summary of the total debits/credits that need to be posted to a particular chart of account category, and this can result with just one entry appearing in your transaction report.  For fixed assets this is often adequate as the required information is in the asset register, and detailed journals could easily result in thousands of lines.

However, we understand from feedback received that it's important that detailed information is included within the journal entries for prepayments and accruals. So, now you have the option to disable condensed journal entries.  This short video will demonstrate all you need to know.
 

What's next?

nettTracker is just over 4 years old.  We've learnt a lot from customers over the years, and we are currently planning version 2.  We understand that the 'Financial Year' settings can be a tricky one to negotiate, and our plan is to remove the 'Year-End' process as it currently works, and replace with reporting options that will work for any given situation.  nettTracker will have a 'closed books' option similar to accounting providers, but there will not be the constraints currently in place.

The key benefits:

• Run the asset register between any two date ranges to review the movements in between (not just one full financial year)

• Forecast depreciation for mulitple years

• Adjust depreciation at any time

• Continue processing months after the year-end knowing it's easy to go back and make adjustments

• Review Tax and Book Depreciation for each asset

By focusing the next phase of development refreshing, and improving our core product, it will pave the way for the future when we start introducing new features like 'loans'.

We do hope you find these updates helpful.  As always we are always open to suggestions and feedback.  If you have any please feel free to email save-time@nett-tracker.com with any ideas you have. 

We can't promise that we can implement all suggestions, but we do take all ideas on board and give them careful consideration.

In the meantime, thank-you for your continued support.

The nettTracker team