How do I record income?¶

Step 1. Go to Business in the sidebar and click the Income tab.

Step 2. Click + Add Income (top right). The Add Income panel slides open from the right.

Step 3. Choose a Category (for example, Consulting, Product Sales or Interest Income).

Step 4. Set the Date (it defaults to today) and enter the Amount.

Step 5. Choose the GST Treatment:

• Includes GST (the default) — the GST Amount is worked out for you and shown below; it updates automatically and can't be edited directly.
• GST Free
• No GST (Input Taxed)

Step 6. Optionally add a Description, link a Contact, and choose the Settlement Account — the account the money landed in (this defaults to Cash at Bank).

Step 7. Tick Not assessable for tax if this money isn't taxable income.

Step 8. Click Save. You'll see an "Income added." confirmation and the panel closes.

Note: income that came from an invoice, a bank feed or a pay run is edited in that area (Invoicing, Bank or Payroll), not here. Clicking edit on an invoice or bank row takes you straight there; for payroll income, edit the pay run itself in Payroll.

Related guides¶

• How do I add an expense?
• How do I add a payment?
• What is the Chart of Accounts?