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When would I add an Income account?

In addition to adding Income accounts to track product-related sales, service-related sales, and customer discounts, you might add them to track:

  • Residual income from commissions you receive
  • Leveraged income from work others perform for you, such as sub-contractors
  • Income you receive as a result of franchising your business to others
  • Fees you receive from seminars or classes you give

See also

KB ID# H_COA_INFO_ADD_NEW_ACCOUNT_INCOME
9/29/2016 3:04:57 PM
QYPPRDQBKSWS08 9138 Pro 2017 f233bb