What are divisions?
Fathom allows you to import divisions to further analyse and report on the performance of different areas of your business.
Divisions refer to departments, job centres, cost centres, locations, etc., defined within your source accounting system. The terminology of these divisions differs for each source accounting system as follows:
Xero - tracking categories
QuickBooks - classes or locations
MYOB - jobs or categories
Using Divisions Workflow
Using and reporting on divisions in Fathom starts with importing divisional data from your source accounting system. Then, you can set up divisional KPIs, use divisions in the Analysis tools, and report on divisions.
To get the optimal performance out of Fathom, we suggest adding and setting up divisions in your company according to the following workflow:
Advanced features for divisions
Importing divisions as standalone entities will allow you to:
Add budgets to divisions for MYOB AccountRight Live companies. Divisions do not need to be imported as standalone entities for Xero and QuickBooks Online companies to have divisional budgets.
To begin the 'Using Divisions in Fathom' workflow, import your class, location, tracking category, or job & category data into Fathom. If you have already imported your divisional data into Fathom, begin setting up KPIs or performing divisional analysis.
What you want to do:
Where to go next:
Import your divisional data into Fathom
Import budgets for divisions
Set up divisional KPIs
Perform divisional analysis
Report on your divisions
Additional knowledge & common questions