features
What does nettTracker do?
These are the main features that nettTracker currently offers, and there is always more in the pipeline. If you need more detail, check out the detailed feature list for each section.
Software integrations
Two-way integrations are available for QuickBooks Online, Sage Cloud Accounting and Xero. nettTracker can also be used ‘Stand-Alone’ providing the ability to import chart of account categories used in other accounting software, and the option to export journals into a csv format that can also be imported.
Fixed Assets - ‘Hands Free’
Once configured fixed assets look after themselves. The easy to use template allows you to import your current fixed asset balances. Moving forward nettTracker can detect asset purchases, add to the asset register and start depreciating. The depreciation schedule is calculated and accounting journals posted every month.
The Asset Register and Depreciation forecast can be downloaded at any time, for any date range.
Just log-in when it’s time to dispose assets or review the asset register.
Right of Use Assets & Leases
IFRS16, FRS102, ASC842 require finance and operating leases to be recognised on the balance sheet. Calculating the value of right of use asset can often require a degree in maths depending on related costs, frequency of lease payments, and so on.
nettTracker takes the hard work out of lease accounting, calculating the right of use asset value, lease liability and automatically accounting for monthly interest, amortisation. Statements are continuously updated and journal entries auto-posted.
Prepayments & Deferred Income
Create prepayments from transactions detected in your accounting software, import via Excel or enter manually. Deferred income adjustments created via Excel uploads or manual entries. Prepaid expenses and deferred income items can be ‘held’ and released at different times, or scheduled to be released over a specified period.
Statements and projections constantly updated that can be downloaded to form part of your working papers at period-end.
Accrued Income & Expenditure
Create items to be accrued, which can also be dated retrospectively if the required adjustments were missed. Accruals can be set to ‘auto-reverse’ or manually released as and when required.
Statements and projections constantly updated that can be downloaded to form part of your working papers at period-end.
Loans
Enter loan value and expected repayments. nettTracker will calculate interest payable and create the required accounting journal entries each month.
Statements and projections constantly updated that can be downloaded to form part of your working papers at period-end.
Ready to reduce your month-end stress?
Let nettTracker handle your recurring adjustments, so you can focus on higher-value work