Using tracking categories in Synder Daily Summary can help you track your sales more efficiently and gain more insight into your business performance. In Synder, you can assign tracking categories to Daily Summary lines to provide a detailed breakdown of your sales results.
- How to enable Xero tracking categories in Daily Summary sync
- Best practices of using tracking categories for multichannel businesses
How to enable Xero tracking categories in Daily Summary sync
Here’s how to use tracking categories in Synder Daily Summary:
1. First, you’ll need to set up the tracking categories in your Xero company unless you have already done it.
Click on the “Accounting” menu at the top, then hit “Advanced” and select “Tracking categories”. From there, click on “Add tracking category” and specify the Tracking category name. You can name it based on products/services, payment processors, warehouses, regions, etc. Under “Category options”, enter the necessary names of products, warehouses, regions or other variations and click “Save”.
2. Map your tracking categories in Synder.
Once you have set up the tracking categories in your Xero company, you can map them in Synder. To do this, go to “Mapping” → “Enable tracking categories”. Once the mapping is refreshed, you will see the column labeled “Tracking category.” Here, you can select the appropriate tracking category for each type of the future Daily Summary line.
3. Review your results: After mapping your tracking categories in Synder, you will get tracking categories assigned to all the mapped Daily Summary lines.
The screenshot below is based on the example of an invoice with Xero.
Best practices of using tracking categories for multichannel businesses
Using tracking categories in Synder Daily Summary can provide valuable insights into your business performance and help you or your client make more informed decisions.
You can review the detailed Income statement (Profit and Loss) in your Xero company.
For example, for Xero, go to the “Accounting” tab in the top menu and select “Income Statement (Profit and Loss)” → “Compare tracking categories” and hit “Update”. This report will provide a detailed breakdown of your sales results by tracking categories, allowing you to see how each category is contributing to your overall revenue.
Here are the most common ways to use tracking categories, but you can always use something more specific to your needs:
Profit and loss displaying columns by Sales channel tracking categories
Tip: You can also use tracking categories to see breakdowns by countries or by product groups or other criteria depending on the way you do your books.
By setting up your tracking categories and mapping them in Synder, you can gain a better understanding of where your revenue is coming from and which areas of your business are performing well.
Reach out to the Synder team via online support chat, phone, or email with any questions you have – we’re always happy to help you!