NEWS & UPDATES
Accounting for Leases - FRS 102 and IFRS 16
Whether you're based in the UK or elsewhere in the world, accounting for leases has changed over the last few years. Back in 2019, IFRS 16 was introduced, and from January 2026 UK accountants now have FRS 102 to contend with.
So what does that actually mean?
Basically, lease/rent costs that were historically treated as expenses against the profit and loss need to be accounted for differently.
Examples being:
Lease of plant and machinery or other equipment
Lease of land and buildings
Lease of vehicles
ASC 842 (Accounting Standard Codification for US GAAP), treats operating and finance leases in different ways, but under IFRS 16 and FRS 102 leases can follow the 'Finance Lease' approach - that's where nettTracker can help. (at no additional cost too)
The 'Lease' needs to be reflected as a liability within the balance sheet, and whatever is being leased is treated as a ROU (Right of Use) Asset.
The payments previously coded directly to the profit and loss, are now recorded against the lease liability - just like repaying a loan. There are some complexities involved with calculating the lease and asset value, however, nettTracker can help make this process straight forward.
This new feature does not just provide tools for brand new leases. If an existing lease has more than 12 months left to run in the current year, then the lease needs to be introduced into the accounts at 'present value' with adjustments required to restate retained earnings.
With the Lease and ROU Asset in place, nettTracker will automatically calculate and post accounting journals every month for interest payable on the lease, and depreciation against the asset.
We've created a detailed tutorial to explain exactly how leases and assets are created in nettTracker. The tutorial includes:
Creating a new lease in the current year
Creating accruals for dilapidations
Recording the 'Deposit' and holding within 'Prepayments'
Creating a lease that is part way through the lease term
Please click on this link to view the tutorial. It is quite a detailed subject so the video is quite long, but there are time stamps available so that you can skip to a section of interest.
The loans and leases features are available within the version 2 subscription with no additional costs payable. We are currently in the process of converting all existing companies to version 2, but if you would like your company updated, please raise a support ticket and we will fast-track for you.
If you've created a trial in the past that may have expired, please contact us and we'll be happy to reinstate the trial so that you can try out all of the new features within version 2.
As always, please don't hesitate to raise a support question if you feel there is anything that we can help you with, and thank you for your continued support.
The nettTracker team
Accountants and FRS 102 Lease Accounting: Is Your Client Portfolio Ready for the changes from January 2026?
f you're managing clients reporting under FRS 102, there could be some uncomfortable conversations on the horizon. The changes to lease and revenue accounting that came into force on 1st January 2026 aren't just technical updates. They'll fundamentally alter your clients' financial statements and potentially trigger loan covenant breaches.
Here's the reality: most practice management and client accounting software isn't equipped to handle these changes efficiently. So here's what's coming and how to manage it across your entire client base.
The Lease Accounting Revolution
Operating leases living comfortably off-balance sheet? - That ends this year. From January 2026, virtually all your clients' leases (offices, vehicles, equipment) need to appear on the balance sheet as both a right-of-use asset and a liability.
What this means for your clients:
That fleet of vans showing up as a simple monthly expense in their P&L? It becomes a substantial asset and liability, calculated at the present value of all future lease payments. Every office lease currently treated as an operating expense becomes a right-of-use asset with a corresponding liability.
The conversations you'll need to have:
Explaining why their EBITDA has suddenly increased (lease costs become depreciation and interest)
Managing their concern about appearing more leveraged on paper
Helping them understand shifting debt-to-equity ratios
Supporting renegotiations with their banks when loan covenants are triggered
Yes, there are exemptions for short-term leases (under 12 months) and low-value assets. But walk through your client list. How many have property leases, vehicle fleets, or significant equipment? That's who you need to be speaking to.
The Practice Management Challenge
Here's the reality check: the software most practices use for client accounting wasn't built for these requirements. Multiply this across 50, 100, or 200 clients, and you're looking at a significant workload.
For lease accounting, you'll need to:
Track and discount lease payments over time for each client
Calculate right-of-use assets and lease liabilities
Apply correct discount rates (the "obtainable borrowing rate")
Manage lease modifications and reassessments
Generate new disclosure requirements
What this means for your practice:
Standardised lease accounting. Automatically calculate present values, track right-of-use assets, manage lease liabilities, and generate required journal entries. Consistently, for every client. No manual spreadsheets, no reinventing the wheel for each engagement.
Revenue recognition made manageable. Track performance obligations, allocate transaction prices, and recognise revenue correctly. Whether your client has bundled services or variable consideration, apply the same robust process every time.
Scalability. Handle FRS 102 compliance for 10 clients or 1000 clients with the same level of efficiency and accuracy. Free up your team to focus on advisory work rather than compliance grunt work.
Client communication. Generate clear, compliant disclosures and explanatory notes that help your clients understand the changes (and justify your fees for the transition work).
We designed this for practices like yours. Intuitive for your team, powerful enough for complex scenarios, and built to handle volume without sacrificing quality.
Your Action Plan for 2026
Time is short. For clients with December year-ends, their first affected financial statements are for the year ending 31 December 2026. That's less than 11 months away.
Here's what we'd recommend:
Client segmentation. Identify which clients are significantly affected (lease-heavy businesses, complex revenue models) versus minimal impact.
Transition planning. Decide on a consistent approach: restate comparatives or cumulative catch-up? Different clients may need different strategies.
Software assessment. Can your current systems handle this efficiently at scale? Or are you looking at hundreds of hours of manual work?
Fee conversations. This is significant work. Plan your pricing strategy and client communications now.
Team training. Your staff need to understand these changes deeply to implement them consistently.
The January 2026 reality:
We're now in the transition year. Clients need their opening balance sheet positions calculated, transition decisions documented, and systems ready to track ongoing lease and revenue transactions under the new rules.
The Bottom Line for Your Practice
These changes are mandatory, complex, and will affect the majority of your FRS 102 clients. The firms that have the right systems and processes in place will handle this transition efficiently and profitably. Those still using spreadsheets and manual workarounds will watch their margins evaporate.
NettTracker v2 was released in January 2026 to help business and accounting firms with FRS 102 compliance. Because when you're responsible for dozens or hundreds of sets of accounts, efficiency isn't optional.
Want to see how NettTracker v2 can streamline FRS 102 compliance across your client portfolio? Book a demo https://calendly.com/nett-tracker/introduction-to-netttracker or learn more at https://www.nett-tracker.com/
ROU Assets - What are they?
Keeping this simple, ROU (Right-of-Use) assets could be cars, vans, equipment, land, or buildings that a business has regular use of but does not legally own. Instead, they are leased.
It’s possible that at the end of the lease there could be an additional balloon payment to purchase the asset, or that leases (particularly for buildings) may be renewed. However, we’ll put those options to one side for today.
Until recently, most items that were leased were simply recorded as expenses affecting the profit and loss account. Under FRS 102, from January 2026, that’s no longer the case. Most leases will now have to be recognised on the balance sheet as a liability, and the leased item becomes a Right-of-Use asset.
If we take a motor vehicle as an example, when purchased (either outright or by hire purchase), the asset is generally depreciated over its estimated useful life based on the original purchase cost, and the business owner has full control over the asset. The owner could sell the asset whenever they wish and settle any loans, if applicable.
When an asset is leased, the lessee only has the right to use the asset during the lease term — they do not have full ownership or control of it. The value of the Right-of-Use asset is not simply the total cost of all expected lease payments. Any deposits, legal fees, disbursements, commissions received, and payments that may be due at the end of the lease must also be considered.
As a result, calculating the initial value of the Right-of-Use asset and its associated lease liability is not as straightforward as it might first appear. Under FRS 102 and IFRS 16, where a finance-style lease model applies, the asset is then depreciated on a straight-line basis over the lease term.
The market value (fair value) of the asset is considered together with all amounts already paid or received, future lease payments, and the frequency of those payments (for example, monthly, quarterly, or annually). Payments are often made in advance, which affects cash flow and the calculation of the lease liability. An interest rate is then applied to discount the payments.
The present value of the lease and the asset is calculated using the fair value of the asset together with all associated costs and future payments. This helps determine the implicit rate in the lease, which effectively represents the return or profit the lessor expects to earn from leasing the asset to the lessee.
If, for example, a bank loan were required to purchase an asset or cover rent payments, a similar interest rate concept would apply over the loan term. However, if the implicit rate cannot be readily determined, the incremental borrowing rate can be used instead (a realistic interest rate based on current lending rates available to the business).
After calculating the asset and liability values, accounting journal entries are required to regularly update the balance sheet. These entries recognise the interest on the lease liability and depreciation of the Right-of-Use asset.
Using spreadsheets and creating journal entries for Right-of-Use assets can take up a significant amount of time, whether you are an accountant or bookkeeper in practice or working in industry.
nettTracker provides tools that help streamline month-end and year-end processes, including the creation of a Right-of-Use asset and lease liability in just a few minutes. Once set up, all required accounting journal entries are generated automatically when connected to Sage Business Cloud, Xero or QuickBooks Online.
To learn more about nettTracker, visit. www.nett-tracker.com You can trial for free - no card payment details required.
nettTracker - full version 2 Update
In 2025, we released a brand new user interface that was completely redesigned and rewritten to be more user friendly. However, there was no significant change to how processing was carried out behind the scenes, nor how we calculated depreciation or other adjustments.
Since that release, we have been working hard to rewrite the parts that you cannot see: bringing together all of the comments and feedback we have received since first releasing nettTracker, as well as our own observations, to create a fantastic new platform for managing your monthly accounting adjustments.
We appreciate that this has taken longer than expected and are grateful for your patience whilst we have worked to create this new platform, however, we are confident that it is going to be worth the wait.
So what can you expect from version 2?
We have made improvements to all aspects of nettTracker. This includes fixed assets and prepayments, where we now calculate all adjustments for the lifespan of the item when it is created not just for a financial year, and also the brand new Loans feature which will be available for all users at no additional cost. The new calculation processes will also make it possible for us to support larger asset registers.
Over the next month, we'll be sending out a weekly newsletter to explain the new features and improvements in more detail, but to get started, below is a summary of what you can expect:
Perpetual 'Year-End'
With this feature enabled, it will no longer be necessary to run the 'year-end process’, which is a current requirement.
Make adjustments to depreciation at any time
With the restriction of the 'year-end' removed, you will be able to make adjustments to depreciation in a previous financial year - nettTracker will recalculate future unposted depreciation as required.
Produce reports over any given date range
We have removed the restriction to only view the movements of the asset register or accruals/prepayments for a given financial year. Instead simply enter the 'to' and 'from' dates. If you just wish to view the movements for a single month or quarter, it will be easy to do.
View forecasts and projections beyond the current financial year
We have removed the restriction to only view the depreciation forecast for the current and previous financial years. You'll be able to view the forecast for several years into the future, with the same ability for the prepayment/accrual projections.
Track 'Tax Depreciation'
In addition to the 'book' depreciation, which is the focus for accounting journal entries, you will have the option to monitor tax depreciation and the tax written down value of assets.
Report against disposals and deletions
We understand that sometimes it's easy to delete or dispose assets in error, but it's not so easy to quickly see when those actions would have occurred. A filtered report will now make it easy to check all deletions/disposals with options to reverse the action if necessary.
Create 'Prepayments' from 'Transactions'
In the same way that fixed assets can be created from a transaction coded to a specified 'mapped' account, a prepayment will be able to be created in very much the same way. This will make the reconciliation of your prepayments much easier.
Monitor loans
Initially focusing on 'Hire Purchase’ loans with known interest charges and repayment terms, nettTracker will calculate the required interest charges and post all of the required monthly accounting journal entries. The interest can be allocated on a straight line basis, or by the ’sum of digits’.
Leases and Right of Use Assets
To help comply with IFRS 16 and FRS 102, for leases with known payments and term, nettTracker will calculate the 'Implicit Rate', the 'Right Of Use' asset value, and in-turn, will calculate and post the required monthly accounting journal entries for interest charges against the lease, and depreciation against the 'Right of Use' asset.
When will all of these features be available to you?
The release date has been set to Thursday 29th January - this is less than a week after our co-founder's (Ash's) birthday, so we'll have two parties this month!
All of our updates are based on feedback from our users, and we hope you'll enjoy making use of the improvements we've made. As always, if you have more ideas or feedback, please forward to us as we do note these and take everything into consideration.
This just leaves us to say 'Happy New Year' to you all, and thank you for your continued support.
The nettTracker team
nettTracker version 2 is now live
Version 2 of nettTracker has just been released, so you may find things look very different the next time you log-in. A new suite of video tutorials have been created, and can be accessed from the 'Knowledgebase' found within the 'Help' menu.
To help you get familiar with some of the most used areas, links to three tutorials can be found below:
QUICK-START GUIDE: This is a 13 minute tutorial that takes you through the basics when setting up a fixed asset register in nettTracker.
DASHBOARD and MENUS: An 8 minute tutorial to help you get familiar with the new layout of the dashboard and menus.
ASSET REGISTER: Within this 6 minute tutorial, we walk you around the asset register, and the functionality found within.
The help menus within nettTracker have also been updated. If for any reason these appear to be unresponsive, you may need to clear the 'cache' within your internet browser.
We hope you are happy with the improvements we've made so far, and we promise there's a lot more to come.
nettTracker version 2 - progress and expected time lines
Good progress has been made in terms of the development of version 2 of nettTracker. Over the coming months nettTracker updates will essentially be released over three phases. Let's explain how that will work:
Phase 1
A brand-new user interface, improvements and simplifications to settings and asset mappings, and slight modifications to the asset register. (release expected mid-late December)
Phase 2
Full migration to version 2 will allow depreciation to be fully calculated on assets for the rest of their useful lives, enabling the depreciation forecast to be downloaded for the next three years. A modification to the year-end process will make it much easier to make corrections after closing the year-end. Depreciation adjustments will be able to made against assets at any time. (release expected late January)
Phase 3
Supplier bills posted to 'Prepayments' will be able to be monitored via transactions in the same way that we do with fixed assets, allowing new prepayments to be created from the transactions area. The loans feature will be in place initially for Hire Purchase loans, and other loan types to follow later. (release expected late February / early March 2025)
When version 2 has been released, new video tutorials and webinars will be made available. In the meantime, below is a taster of what is on the way so that you can see the improvements we have been working on.
If you have any ideas or preferences for the kind of things that you would like to see on the 'dashboard' that would be useful to you, please let us know. While we are spending a lot of time working on things 'under the hood', and with version2 'parked in the garage' now is really the perfect time to make as many changes and improvements as we can.
We do hope you find these updates helpful, and that you like the look of the improvements being made. We are working really hard to make nettTracker best in class and helping you save time on fixed assets and other adjustments connected to your month-end close.
In the meantime, thank-you for your continued support.
The nettTracker team
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
New feature: modify the year-end date of a company
One of the most frequent support queries we get relates to the year-end dates of nettTracker companies…or more specifically “help, I’ve set the wrong date for my year-end!” It’s easily done, but until now, something that had to be resolved to the support team to resolve manually - not the best solution, for either of us!!
Today, we have released version 1.22, which includes a new wizard to help change the financial year end date for your companies. The wizard can be found from the company Settings menu and is really simple to use - simply enter the date that you want to use as your new year-end.
There are a few caveats.
To keep consistency with journals that nettTracker has posted to your accounting package, a year cannot be shortened to a date that is before the posting date of your most recent journal entry. For example, if you have posted to 30 April 2023, you will not be able to bring your year-end date earlier than that.
If there are assets acquired or processed transactions date beyond your requested date, that will not be allowed - you will have to resolve the issue by deleting assets that would now have been acquired in the next financial year.
And lastly, a year cannot be longer than 18 months. We do this to try and keep the projection screen easily readable - more than 18 date columns becomes almost too cluttered to read.
We’ve got quite a few things in the pipeline right now as we try to keep improving and adding value to the nettTracker application.
nettTracker news - March 2023
It may have been a long, hard winter for many of us, but it definitely feels like spring has sprung in the nettTracker camp and we have a bumper release of updates for you this month.
Our aim is that nettTracker should always contain features that are useful and will save time, provide a user interface that is pleasing to the eye, and is also easy to use. We hope you agree that our recent updates tick these boxes. We've created a short video to highlight the updates released, but first here's a quick summary:
Connect to Xero
Firstly, we are pleased to announce that, following resolution of our dispute with Xero that you may have read about in the press and on social media, we have re-instated the ability to create new company files and connect to Xero accounting software.
Daily calculations
Within company settings you now have the option to choose 'Daily' or 'Reporting Period' for your preferred method of calculating the accounting journal entries made each month. When 'Daily' is selected, the adjustment will be based on the number days in the period.
If an asset was purchased or entered service part way through a month, the first month's calculation would be based on how many days since date of purchase. If a month has 28, 30, 31 days, the value adjusted will be slightly different based on the number of days in the month.
This setting will default to Reporting Period, which is the behaviour that you are used to, however, it can be easily changed.
Change accounting provider
If you've set up nettTracker and connected to QuickBooks Online, but the business has decided to use Xero, or Sage Business Cloud, it is now easy to change the software your nettTracker uses for data. If you are moving to a larger ERP but would like to continue using nettTracker, you can change your existing company to operate 'Standalone'.
You could choose to run the prior year asset movements in 'Standalone' first to see how depreciation calculations compare with your current system. Then close the year and connect to your accounting software moving forward.
And if nettTracker was originally connected to the wrong QuickBooks file, simply choose to connect to QuickBooks again and select a different company. This means none of your initial setup effort will have been wasted.
Tabulated 'Groups'
The fixed asset and prepayments/accruals groups are now displayed in a tabulated format in both the statement and the projection/forecast screens. This means if your company holds a lot of assets, there is no longer the need to scroll down the page until you find the next asset group you are looking for.
We have also removed the Accrual/Prepayment ‘type’ grouping from the menu, which means that all of your Accrual or Prepayment groupings are displayed in one place and with much easier navigation.
Cleaner dashboard, with 'Difference' calculator
We've removed the company name from the dashboard as this is always clearly visible in the header bar. We've added a 'Difference' value, being the difference between the balance sheet total, and fixed asset register net book value as at the next reporting period end.
Updated Help & Support
The Help Centre has been refreshed to provide links to a suite of bite-sized video tutorials that can help you get the most out of nettTracker and are always just a few clicks away. Of course, if you do need specific support or access to our professional services, the option is there to raise a support ticket - we'll get back to you as quickly as we can.
Managing Deposits using nettTracker
If you receive a payment in advance (deposit), for a future sale, this can’t be treated as income until the product/service has been delivered. There are lots of different ways in which a deposit can be handled within a business. The below video provides an example of how nettTracker can be used to manage deposits, and then automatcially adjust the P&L when the service is delivered.
Handling Retentions (Retainage)
Retentions are basically elements of payments withheld by a customer until a job has been fully signed off as complete to an agreed level of satisfaction. Retentions are very common in the construction industry, where as an example, 5% of the invoice value will not be paid until the job has been signed off. This could be six months after the job has been completed.
Keeping track of what has been retained by who, and when that retention is due to be released, can take up a lot of work. Using the accrued income tools available in nettTracker, each retention can be listed, together with dates when the payment should be expected. The below video will give an idea of how the process could work.
Retentions
Scaling New Heights - 19 to 22 June 2022
2022 saw the co-founder of nettTracker (Ash Beetson) travel from the UK to Orlando, Florida in the USA to attend one of the largest annual accounting conferences for ProAdvisors known as ‘Scaling New Heights’. It was great not only to meet accountants and bookkeepers and understand some more of the difficulties they face, but to also talk with other accounting software providers, thought leaders and influencers too. Friendships were built and memories made.
Working within a digital environment is great, but nothing beats actually spending some time with people in real life. Hopefully, we’ll be back again next year.
new nettTracker - Prepayments and Accruals
Prepayments and Accruals: A fantastic new feature for nettTracker
We are really excited to announce the release of the most significant update to nettTracker since the software was launched in 2019.
When it comes to producing and reviewing profit and loss reports, we understand that consistency matters. We also recognise the time and effort required to create accounting adjustments to follow various accounting principles and concepts. With this in mind, we have developed a new module for nettTracker that provides tools to monitor the adjustments required for Prepaid Expenses, Accruals, Deferred Income and Accrued Income.
With this feature enabled on your companies, nettTracker will create all the monthly journal adjustments as required and will also produce statements that help to reconcile with values on the balance sheet. If you need to produce monthly/quarterly management accounts, you could potentially save hours of time by using nettTracker to record and monitor these additional balance sheet adjustments.
To support this new feature, we have made some changes to the menus and the dashboard, all of which we hope you will find make the software even easier to navigate. The 'Asset register' will contain all options for fixed assets, and the 'Accruals & Prepayments' menus are specific to that feature.
The Accruals and Prepayments module is a chargeable feature, however, we are offering all of our existing customers one free use of this new feature. If you want to make use of this, our app will guide you through the process of activating it on your chosen company. If you are an accounting firm, and feel that the feature would be beneficial to clients that don't require a fixed asset register, please reach out to us at support@farscape-applications.com and we will see what we can do to help.
We are currently busy creating some pdf guides and video tutorials for the new features. In the meantime, we shall be running a webinar on Tuesday March 15, where we will explain exactly how the features work. The webinar is only scheduled for 20 minutes - the new tools are easy to use, so it wont take long to demonstrate them to you. To register for the webinar, please click below:
The webinar time is 4:30pm GMT. However, if that doesn't work for you, the session will be recorded, and the link for the recording will be available for 30 days. (Registration is required)
As always, we thank-you for your continued support, and we look forward to helping you save more time, and generally making some of your accounting tasks a little bit easier.
The nettTracker team
Increased Consistency and Additional Balance Sheet Reconciliations
nettTracker was created with accountants in mind, and with a core accounting principle being ‘Consistency’. Our mission is to improve the consitency of values as they appear in the profit and loss. This started with depreciation, but we understand that this is just one of many accounting categories that require an adjustment to agree with different accounting principles and concepts.
The team at nettTracker are working hard on the following features to help make the lives of accountants in practice and industry even easier:
Prepaid Expenses
Prepaid Income
Accrued Expenses
Accrued Income
Tools are in development that will make the creation of these adjustments easier than ever, and what’s more there will be a register for each group of adjustments that will reconcile back to your balance sheet.
If you would like to be added to our rapidly growing list of users that would like to be one of the first to see how these features work, please drop an e-mail to support@farscape-applications.com
In the meantime, Happy Christmas and all the best for 2022.
team nettTracker
Reviewing and Reporting Fixed Assets in nettTracker
We’re always trying our best to make sure that using nettTracker is as easy to use as possible. The short video below shows how the nettTracker fixed asset register view can be changed, and how the asset register and depreciation forecast can be exported into Microsoft Excel.
nettTracker meets.......
Here at nettTracker, we are always keen to get feedback on how our subscribers find the app; does it work for them, is it value for money, what else would they like to see? We genuinely love feedback, good or bad, so any opportunity to have a conversation with some of our users is music to our ears.
With this in mind, we reached out to some of early adopters to gain an insight into their use and experiences. Very kindly, a number of these have taken time out of their busy days to speak to us in depth about nettTracker and we have produced some videos of the resulting conversations.
You can find more details on what we discussed, and watch the short interviews, over on our new case studies page. We are sure you will find them interesting and perhaps may give some ideas for how nettTracker could save your business time and money. If it has, please contact support@farscape-applications.com so that we can help set you up with a trial.
Improvements to our asset importing in V1.17
We have released v1.17 of nettTracker this morning, with a couple of updates to hopefully make life easier and improve your experience.
Our asset import tool was lacking the ability to specify an asset’s depreciation start date, nor that its depreciation may be deferred - the asset perhaps not having entered into service yet, despite having been acquired in a previous financial year. We have modified our import template to include the depreciation start date and deferral as new columns. Should you wish to use either of these two fields, simply include valid values into the appropriate columns of the import template.
If you don’t specify a depreciation start date, nettTracker will use your company settings to determine when depreciation should have started. This will either be in-year, meaning calculations are based from the start of the financial year of acquisition, or by-month that will use the date of acquisition for starting depreciation. Our import template contains more information and can be downloaded from the asset import page.
The other improvement is in our management of payment methods. We use Stripe as our payment provider and their toolkits help to insulate us from your card details. We never see your credit card information and keep only a token that represents your stored payment method with Stripe. Our modification is so that we can start storing the expiry date of your payment methods. This will allow us to send out notifications when payment methods are due for expiry, rather than only if the payment method fails when attempting to take your payment.
We will also be able to indicate the forthcoming expiry of a subscription payment method within the UI, so if you see a new status bar mentioning your payment method, that will be why!
Our next major work is going to focus on introducing significant features to our asset register, primarily relating to taxation values. There is quite a bit for us to work out in order to complete this, so we are hoping to release these features around the end of 2021.
As always, if there are new features or improvements you would like to see, please let us know. We are always happy to get feedback and our improvements are driven by you.
nettTracker version 1.15 released with new subscription management tools
After several months in the pipeline, we’re pleased to announce the release of our latest version of nettTracker. This new release incorporates a number of improvements and bugfixes, but also a set of improved subscription management tools.
We pride ourselves on trying to make things as simple as possible, so we really hope you feel the benefits.
NEED MORE COMPANIES?
Updating your subscription resources has involved getting in touch with support to request the change. Now, you can control how many companies you have directly. Our new tools allow you to increase and decrease your allocation of companies, with billing updated to reflect the change from your next billing period. You keep the allocation you have paid for until your next payment.
END FREE TRIAL
We’ve streamlined the process for ending your free trial, allowing you to customise the number of companies that you need to support your needs. A future release will lock journal posting when operating in free-trial mode, so our new tool will make unlocking features much more straightforward.
EXPIRED PAYMENT METHOD
Updating expired payment methods is now a simple case of entering a new set of card details. A new alert strip will advise that your payment method needs updating.
We hope that these new tools will make things easier, but we are always keen to listen to your feedback, so why not drop us a line with your thoughts and suggestions.
Webinar: 2021 Updates and Q&A - Friday 21 May - 4:30pm (British Summer Time)
Please join our resident nettTracker expert to highlight the updates released during 2021. The webinar is scheduled to run for approximately 20 minutes with any further time allowable for open Q&A.
To sign up for the webinar, clickthe button below.
Webinar - Tuesday 6 April - 4:30pm (British Summer Time)
If new to nettTracker, or thinking about how you can simplify your fixed asset processes, Ash will be on hand to answer any questions you have. He will also be covering:
- basic setup
- settings that should be checked
- how depreciation works
- the year-end process
The webinar is expected to run for approximately 30 minutes, but there will also be additional time available to ensure all questions are answered.
To register for the webinar, click the button below.