Some great tips to take into account when setting up or tidying tracking categories.
Leaine’s Tips:
- Review the Chart of Accounts lists before you add/amend tracking categories
- Understand the hierarchy of the 2 available levels
- Try to limit to not more than 8 options per track
- You don’t have to track every transaction – eg. you may want to cover revenue streams on income codes but not expenses
- Set up custom reports to review Unassigned output before finalising month-end reports
- Find and Recode is useful to update transactions with tracking without having to undo payments
- Great for Not for Profit funding projects – archive once fully completed.
Watch Leaine’s Demo
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