Definition
Income is money you earn or receive, such as wages, business revenue, interest, or investment income.
Why It Matters
Tracking income accurately helps you understand how much money you are bringing in and compare it with your expenses. For a business, accurate income records are essential for measuring profitability and creating reliable financial reports. Not every deposit is income—for example, loan proceeds or transfers between your own accounts should not be treated as income.
How This Works in Quicken
Quicken uses income categories to identify and organize income transactions. In Quicken Business & Personal, business income can also be associated with your business, clients and projects, invoices, and sales receipts, helping keep business and personal activity separate and supporting reports such as Profit & Loss and tax reports.
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