Nett-Tracker

07/05/2026

Less than a week to go.

06/05/2026

Operating Leases or Finance Leases. nettTracker can help you save time calculate values, and create ongoing accounting journal entries.

15/04/2026

Month end made easy...

30/03/2026

FRS102: Basically from January 2026, most leases need to be recognized on the balance sheet as a liability with an associated ROU (Right of Use) Asset.

If a business rents a building, machinery, equipment, vehicles, and currently reflects these costs within 'Rent' or other similar P&L categories, things now need to be done differently.

Even with existing leases that have more than 12 months left, the lease liability and asset should be added to the balance sheet using present values and retained earnings restated. I've created a detailed tutorial on this topic, and how you can use nettTracker to make all of the required adjustments.

The tutorial is a bit longer than I'd like, but it's split into sections that you can skip through on YouTube. In the example shown, the nettTracker file is connected to Sage Cloud Accounting, but works in the exact same way with Intuit QuickBooks Online, and Xero.

We'll be at Accountex in May - stand 1674. Hope to see you there!

From January 2026, FRS102 (UK Accounting Standard), it is a requirement to account fully for leases on the balance sheet. nettTracker includes the tools to ...

30/01/2026

After two years of development and a huge effort from everyone involved, the long-anticipated update to nettTracker has now been released. Further improvements to the core Fixed Asset Functionality, Updates to Prepayments, Accruals, and Deferred/Accrued Income and now with tools to monitor Leases/Right of Use Assets and Fixed Interest/Hire Purchase Loans.

The video below shows the basics of the new loan feature.

14/10/2024

Chart of Accounts - probably not the most exciting topic I've reviewed when comparing Sage, Zoho Books, FreeAgent, Xero and Intuit QuickBooks.

I'm not sure what I expected really as at the end of the day we usually need at least two categories to create a bookkeeping entries for our debits and credits, so I guess it's no surprise that there was a fair bit of similarity amongst them all.

What I did find is that in all cases at least 100+ General Ledger Codes (nominal codes / account categories) are always created by default, and do small businesses really need that many? Personally I prefer the minimal approach on this as spreading costs over too many different categories it can be easy to lose focus on what we should be checking.

This is probably an area where A.I. could really help during set-up and review of bookkeeping software. i.e. based on your business status of 'sole trader' and the industry type of 'Plumber' the most relevant account categories created. Maybe also, at the end of any account period any account categories that have not been used would just 'auto-archive'. Why display accounts that are not in use? - just an idea. Or perhaps display the number of postings made to a category to see how much it's being used.

I guess a lot of this stuff is probably on the way, or partly there. 😀

Without the chart of accounts (GL Codes / Nominal Codes), you can't record bookkeeping transactions. How do they differ when using various bookkeeping softwa...