is the expense for a program, administration or fundraising. That first tracking category is going to be for the functional area i.e. To create reports in compliance with ASU 2016-14 we are going to use the first of the two tracking categories available in Xero. The new FASB ASU 2016-14 will require all nonprofit organizations to present expenses by nature and function in a single location, commonly called a Statement of Functional Expenses, and tracking categories make that easy! See the related articles section "Xero | Initial Integration Setup + Application Sync" for further information.Xero tracking categories is an incredibly powerful feature of Xero and can give you real-time reports on revenue and expenses by program and by grant/funder. From there, they can be assigned to the required role(s). Once the tracking category is set up in Xero, along with the tracking category option, and assigned as a payroll tracking option for time sheets, an 'application sync' can be performed which will add the tracking category to the Easy Employer cost centre code list. See the related articles section "The Organisation Structure | Cost Centre Codes" for further information.ĥ) How to import tracking categories from Xero in to Easy Employer. Tracking categories are assigned to the cost centre field in Easy Employer located on the role in the organisation structure. Cost centre reporting in Easy Employer can be used.Ĥ) What do tracking categories relate to in Easy Employer. □ Allowances are sent directly to the pay slip, not the timesheet, and because the pay slip in Xero does not allow for tracking, allowances are not tracked. Cost centre reporting in Easy Employer can be used. □ Any role rates that are sent directly to the pay slip, as the timesheet does not allow a rate override, will not be tracked. □ Any rate overrides that are sent directly to the pay slip, as the timesheet does not allow a rate override, will not be tracked. Cost centre reporting in Easy Employer can be used. □ Leave costing cannot be tracked by tracking category as leave does not go through the Xero timesheet. The category needs to be created, with the category options, then assigned as a payroll tracking option used in the timesheet.ģ) Limitations of Xero tracking categories.Īs Xero tracking categories are assigned to the timesheet and not the pay slip, the following limitations apply: Tracking categories are created in Xero following the relevant Xero guide. As per the Xero guide, "Set up tracking categories to see how different areas of your business are performing (such as departments, cost centres, or locations)."Ģ) How to create Xero tracking categories. Tracking categories can be assigned to an employee or an employee timesheet to track payroll expenses by employee groups or time sheets. The Organisation Structure | Cost Centre Codes □ VENDOR ARTICLESġ) What are Xero tracking categories and why is this important? Xero | Initial Integration Setup + Application Sync 1) What are Xero tracking categories and why is this importantĢ) How to create Xero tracking categoriesģ) Limitations of Xero tracking categoriesĤ) What do tracking categories relate to in Easy Employerĥ) How to import tracking categories from Xero in to Easy Employer
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