Tracking categories in Xero can be used for a number of different options, keeping a track of the work you do for a certain job or seeing how much profit you make per job.

For example, you can set up tracking per region. This can be done by adding tracking category options through the settings in Xero. Once done, they will appear in most instances when you are working in Xero, for example, when creating invoices/quotes, raising purchase invoices/bills and even when reconciling the bank.

Editor | 21 October 2016
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If you notice a discrepancy between the statement balance and the balance in Xero please look into why this as there may be important items missing on your Xero Portal.

Xero has recently introduced a new Tracking feature that means you can see in depth detail about your business finances with even more ease...

With less than a month to go before the new Chancellor Phillip Hammond makes his first Autumn Statement, there is growing pressure on him to really get to grips with the tax system and make some radical changes to reinvigorate the post-Brexit economy.

One of the most recent calls for tax reform came from Sage, the business services company that made the popular Sage One cloud accountancy software.

Save time with Xero's Repeating Invoice

If you have regular bills to pay, or send regular invoices to customers - use Xero's repeating invoices or bills. Set up a template and Xero will automatically create an invoice or bill for you according to the frequency you specify and drop the it on the Draft tab (if you need to vary the amount or something else each time) or the Awaiting Payment tab (if it is the same every time).