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