![]() ![]() Select “Include Tracking Actuals” and “Include Tracking Budgets”. Import data from Xero or QuickBooks Online. As part of their quarterly review, they want to see how the Cellar Door and Brew Pub are performing against their budgets to see if they’re on track to hit or miss their targets.ġ. This business has three locations: a Brewery, Cellar Door, and Brew Pub. To better understand how it might work for you, let’s work through an example that could apply for a large number of businesses: Locations. The possibilities for Tracking Category Reporting are endless. To make planning and sorting easier, Xero Projects sorts your projects by status. You can also see an overview of the project's profitability from the project itself, if you have the projects admin user role. Want to do a deep dive into your Sales and Marketing departments’ performances? Or maybe look at how your Australian operations are tracking against budget? This new level of business area granularity will reveal trends that could otherwise go unnoticed, so you can adjust tactics accordingly. As the project progresses, you can match actual expenses to your estimates and run reports on your profitability. tracked actual data from Xero or QuickBooks Online. Now you can go to the next level and compare tracked budget vs. actual analysis is a financial reality check for businesses. □ Find meaningful insights with Tracked Actuals vs. You have complete control over the data you want to display in reports, and can find the exact metrics that matter most. You can instantly filter your report, pages, or charts to see data from any of these options: Let’s say you’re preparing a report for a restaurant with three Tracking Categories: restaurant, catering, and delivery. ![]() Once you’ve imported Tracking Categories for your organisation, you can filter your data any way you choose. The big innovation we’re launching today is the ability to utilise the data once it has been imported from your source of truth. Importing Tracking Category data has been possible for a while now in Spotlight. Data superpowers for Accountants and CFOs Visit either the Xero or QuickBooks Online help center for more information on how to get started with Tracking Categories or Locations & Classes. Departments: Sales, Marketing, and Finance.Product lines: garden, hardware, and tools.Types of work: tax, audit, and consulting work.Locations: Online store and brick-and-mortar store.Profit Centres: restaurant, takeaway, and Uber Eats.Here are some common examples of how Tracking Categories can be applied: By using Tracking Categories, you’ll have more clarity on how different areas of the business are performing. Using Tracking Categories in Xero (called Locations & Classes in QuickBooks) allows for grouping of income and expense data based on common characteristics take a look at some common examples below. Many business owners have certain areas of their business that they want to keep a close eye on. Matt Kekana, Spotlight Reporting Product Manager But first, what are Tracking Categories? All without having to jump into a spreadsheet”. “Tracking Category Reporting will give accountants and CFOs the power to do more in-depth analyses by using existing data to produce new insights, not to mention the ability to now import tracked budgets. Now you have the flexibility you need to import, freely explore, and report on the performance of divisions, departments, locations, or any other meaningful breakdown.
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