Tracking categories for bank accounts
i need tracking categories for bank accounts - my client has three different branches within the organisation and all have their own bank account. i have managed to create tracking categories for income and expenses but Xero hasnt provided the function for bank accounts. So when drawing the Financials the bank accounts dont reflect with each relevant branch. Is there a way that this function could be created/considered or has anyone have any recommendations on how to bypass this problem?
Annette Gifford
shared this idea
Appreciate seeking options from your community here too.
Trying to think into this one - when you draw funds these statement lines would be reconciled to an equity account in the business? In theory the Tracking would be recorded when the item is reconciled to this account ?
Please do let me know more detail if there's something I'm missing in here?
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Michael Harrington
commented
When viewed from a balance sheet perspective filtering on the tracking code currently lists all transactions for assets and liabilities with that code. This would simply mean that cash kept in that bank account, which after all is the most current of current assets, lists with that tracking code. I think this is relatively simple?