Bookkeeping
Class and location tracking
Transactions tagged by tracking category, location or department for Australian businesses, so profit and loss can be split by the parts of the business that actually matter to you, inside Xero or MYOB. We design the structure around how you think about the business, by shop, trade or project, and tag prior history where practical so comparisons still hold.
Bank reconciliation summary
Illustrative client · August 2026
AUD
| Account | Difference | Status | ||
|---|---|---|---|---|
| Operating account··4821 | 184,220.16 | 184,220.16 | 0.00 | Reconciled |
| Reserve account··0937 | 60,000.00 | 60,000.00 | 0.00 | Reconciled |
| Company card··1006 | (12,418.52) | (12,418.52) | 0.00 | Reconciled |
| Card processor clearing | 8,905.40 | 8,905.40 | 0.00 | Reconciled |
| Payroll clearing | 0.00 | 0.00 | 0.00 | Reconciled |
Last weekly runFri, 28 Aug, every account agreed to its statement.
Two open itemsTwo card receipts requested from you, marked on the card account until they arrive.
Illustrative. An example of the document, not a client's figures.
Splitting one set of books without splitting the entity
An Australian business with several properties, service lines or locations often does not need several separate entities, it needs one set of books that can be sliced by the part of the business that matters. Finbryn sets up tracking categories in Xero, or equivalent job or category tracking in MYOB, so profit and loss can be reported by property, service line, location or department without the cost of maintaining several sets of accounts.
We design a tracking structure that matches how you actually think about the business, whether that is by shop location, by trade, or by project, and tag every transaction consistently at the point of entry rather than retrofitting tags at reporting time. The result is a profit and loss by class or location each month, alongside the consolidated view, so you can see which part of the business is actually carrying the rest.
This is particularly common among Australian franchise operators, tradies running multiple crews, and property owners with more than one rental or commercial site, where the ATO and a lender both want to see performance broken down by property or service line, not just a single blended number.
Setting this up on an existing file
Where the business already has history in Xero or MYOB, we tag prior transactions where practical, so comparisons across periods still hold up once tracking is switched on, rather than starting the split from a blank slate with no baseline to compare against.
A guide for coding correctly
We provide a short tagging guide so new transactions get coded to the right category the first time, rather than needing correction at month end.
Questions
Frequently asked questions: Class and location tracking
What is the difference between tracking categories and a separate set of books?
Tracking categories split one set of books into views by property, location or line of business, without the cost of maintaining several entities.
Can you set this up on an existing Xero or MYOB file with history?
Yes. We tag prior transactions where practical so comparisons across periods still hold up after the change.
Who typically needs this?
Franchise operators, tradies running more than one crew, and property owners with several sites are the most common Australian businesses that ask for this.
Who decides which classes or locations we track?
You do. We recommend a structure based on how you want to see the business split, whether by site, division or cost centre, but the final categories are your call before setup begins.
How is class or location tracking priced?
It is usually included in standard bookkeeping pricing once the structure is set up, since it changes how transactions are tagged rather than adding extra transaction volume.
What is the difference between class tracking and a separate set of books?
Class or location tracking splits one set of books into views by property, department or line of business, without the cost of maintaining several entities.
Can you set this up on an existing file with history?
Yes. We tag prior transactions where practical so comparisons across periods still hold up.
What if our records for class and location tracking are not up to date?
If your records are behind, we scope a catch-up first so class and location tracking starts from a clean, reconciled base. That catch-up is priced and timed separately from the ongoing engagement, so you always know what each part costs.
Who reviews the work before it reaches us?
Every deliverable under class and location tracking is reviewed by a senior reviewer before it reaches you. You keep access to the underlying file at every stage, so nothing about the work happens somewhere you cannot see it.
Related services
- BookkeepingChart of accounts designA chart of accounts built around how your business actually operates, so reports answer real questions instead of forcing everything into generic categories.
- BookkeepingIntercompany accountingBookkeeping across two or more related entities, with intercompany loans, charges and transfers tracked and eliminated so consolidated reports are not overstated.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.