There has been a lot of talk about Custom Controls and Sub Accounts and I will admit that I don’t entirely understand the difference between the two. I will download the latest version of Manager onto my laptop to review the Sub Accounts.
However, what I would like to raise in this topic is how people are planning to use Custom Controls, Sub Accounts and Tracking Codes to categorise income and expenses.
For example, I currently use Tracking codes to track income and expenses from my divisions which are IT Support, Installations Service, Website work, Sales of laptops, whiteboards, projectors, computers etc.
However Lubos has suggested that I use custom control accounts instead of tracking codes especially for my inventory sales. My one concern with custom control accounts is I don’t want 20 sales categories on my summary page or on the profit and loss statement this is why tracking codes work reasonably well for me. However I have to manually add tracking codes for inventory.
In short, I would like to know what other people use or will be using Tracking Codes, Custom Control Accounts and Sub Accounts for, so that I can see what methods would be the most optimal and I have no doubt that this topic would interest other people.