Set up a tracking category to see how your vehicles are performing.
MyTrucking can use the Xero Tracking Categories to allow you to track the revenue generated by each vehicle. In Xero you can then run Profit and Loss reports to see how vehicles are performing.
About tracking categories and options
Xero uses tracking categories and options instead of department codes or cost centres. This keeps your chart of accounts manageable.
You can have two active tracking categories.
You can have up to 100 tracking options for each tracking category.
A tracking category needs at least one tracking option to assign tracking to a transaction.
Set up a tracking category in Xero
Tracking Categories can be used for many aspects of business analysis. A common use for transport companies is to create a Tracking Option for each vehicle in your fleet.
To do this in Xero:
Go to Accounting, then click Advanced
Click on Tracking Categories
Click + Add Tracking Category
Name the tracking category "Vehicles" or "Trucks"
Enter each of your vehicles as a Tracking Option
Click Save.
Tracking is available for nearly every type of transaction in Xero, so your vehicle expenses and revenue can be reported on without creating an overly complicated set of Chart of Accounts.
To find out more about setting up Tracking Codes in Xero try the Xero Help pages or Click here.
Using your Tracking Codes in MyTrucking
The Tracking Code Options can now be assigned to each of your vehicles in MyTrucking. For details on this click here.
Need more help?
Reach out to our MyTrucking Experts from the Messenger or search for more Help Articles.
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