How do I record income that hasn’t occurred due to sales?

To record income that hasn’t occurred due to sales, you have to first create an account to track the income. Here’s how:

  • Go to Accountant on the left sidebar and select Chart of Accounts.
  • Click + New Account in the top right corner of the page.
  • On the Create Account page:
    • Enter a suitable Account Name.
    • Select Income as the account type from the Account Type dropdown.
    • Enter the Account Code and provide a Description for the account if required.
    • Click Save.

Now, to record the income:

  • Go to Banking on the left sidebar.
  • Select the bank account in which you want to record the income.
  • Click Add Transaction.
  • Choose Other Income under Money In.
  • Select the new account you created as the From Account and fill in the other required details.
  • Click Save.

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