Record Income

Created by Level 1 Support Team, Modified on Thu, 28 Sep, 2023 at 5:03 PM by Level 1 Support Team

Any form of income which cannot be recorded in any other dedicated screens (like Fee Payment, Invoice, Customer Advance, etc) can be recorded using the Record Income Screen.

Any income recorded would need to be deposited to an appropriate account using the Payments Deposited screen.

How to create Record Income?

Payments-->Record Income-->Create New

To Record Income

Select the Customer - If you dont deal with a customer, then create a default customer
Select accounting area if applicable
Enter the income details
Use the Bulk Select icon to search for the respective income accounts against which you want to record income and add them to the grid
Enter the amount against the heads
Select Job and Area if applicable
Click on Add button to Save.
To deposit this amount to a Bank/Cash account, refer to the Deposit Payment document

This will create the income Entry and ledgers would be updated

Any income recorded would need to be deposited to an appropriate account using the Payments Deposited screen.

Depositing Income

Go to Payments -> Deposit Payment -> Create New
Select the account you want to deposit this income to in the Deposit To dropdown
In the grid below, click on the Bulk Select icon and select and add the Income entry you just created.
Click on save.
This will now deposit that income entry to the Deposit To account you selected and also update that accounts balance

For more details refer to the Deposit Payment document.

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