Add-on log monitoring

Hi all,

This is my first time posting. I have been searching all over the web for an Add-on that work similar to a windows software called bare-tail. bare-tail works by providing a live log monitoring and what a software is doing in the background.

What i am searching for is something similar, however instead of monitoring software. we can see when we use an add-on for example what it is doing in the background etc.

Any ideas?