MYLEDGERChart of accounts & the ledger
Tracking categories (Segments)
Create tracking categories, such as location, department, job or cost centre, tag transactions and split the P&L and Balance Sheet into a column per option.
The problem it solves
Clients want to see how each location, department or job is performing, without a second set of books.
How it works
- Create a tracking category and its options.
- Tag transactions with an option in the reconciliation grid.
- Turn on "Split by segment" on the P&L, or tick the by-segment sections in the financial statements.
What your practice gets
- A column per location, department, job or cost centre.
- Runs alongside the chart of accounts, not a second ledger.
- Untagged rows appear in an (Unassigned) column, never dropped.
Watch it in the product
A short recording of tracking categories (segments) in use.
Questions accountants ask
Do the columns add up to the total?
Segment columns add across to the Total, and the Total is computed independently from the full transaction set, not by summing the columns. A transaction counted into the wrong number of columns shows up as a line that does not tie, rather than being hidden by the arithmetic.
Can journal entries be tagged?
No. Journal entries land in the (Unassigned) column and the Total.
Is this statutory segment reporting?
No. Inter-segment dealings are not eliminated and a segment column is not a standalone balance sheet. It is a management view by tracking category.
Related features
Features that work alongside tracking categories (segments).
Chart of accounts
View, add, rename, reorder, merge and delete accounts, and apply tax return labels, for each client.
VideoRemembered segment view
MYLEDGER remembers how you prefer to view tracking categories for each client between sessions.
Profit and loss by tracking category
Split the profit and loss into a column per location, department, job or cost centre, one tracking category at a time.
VideoRental property and managed fund register
Register rental properties and managed funds with the accounts that belong to each, for use in schedules.
VideoATO suspense summary
A summary of ATO-sourced items waiting in suspense for you to classify.
Transaction change history
See who or what changed a transaction, including bulk lookups across many lines.
See it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.