Income Report
Overview
The Income report shows all the money coming in—across your personal finances, your business, or both—in one place.
Use it to quickly understand your income sources:
How much income you’ve received
Where that income is coming from
How it’s changing over time
Whether you're reviewing paychecks, tracking client payments, or analyzing business performance, this report gives you a clear, actionable view of your income.
Where to find this report
Go to Reports in the left navigation, then select Income Report.
Why The Income Report Matters
It’s easy to estimate what you earn. It’s harder to see exactly:
What came in
Where it came from
How consistent it is
The Income report isolates your income sources from everything else so you can focus on what’s coming in—without the noise of spending.
This becomes especially valuable if you manage both business and personal finances togehter (Quicken Business and Personal users). You can:
View business and personal income together for a full financial picture
Or separate them to evaluate each independently
Use this report when you want to:
See total income for a specific time period
Identify your largest income sources
Compare business vs. personal income
Spot trends or seasonal patterns
Prepare for taxes or financial planning
Confirm expected payments were received
Who Should Use This Report
Personal finance users (Simplifi)
Use it to verify income, track changes over time, and make informed budgeting decisions.
Business owners and self-employed users (Quicken Business & Personal)
Use it to monitor both personal and business income sources. For business, use the income report to monitor revenue, evaluate clients or income streams, and stay on top of cash flow—one of the most important indicators of business health.
What You’ll See In The Report
When you open the Income report, you'll see two main sections:
The summary chart at the top displays your total income for the selected period along with a visual breakdown by income type — for example, how much came from Business Income versus Personal Income. The chart makes it immediately clear which income source is larger without having to read through individual transactions.
The "Income transactions by category" table below the chart lists every income transaction in detail. Transactions are grouped by category by default — Business income first, then Personal — and each row shows the date, account, payee, any tags applied, and the amount. You can expand or collapse category groups to focus on what you need.
Customizing The Report
The Income report is built to be flexible. A handful of controls at the top of the report let you shape the data to match exactly what you're trying to understand.
Choose Accounts to Include
Use the All Business/Personal dropdown to control which accounts are included:
All Business/Personal — Full view across everything
Business(es) — Business income only
Personal — Personal income only
Tip: Reviewing business and personal separately makes performance and tax prep much clearer.
Set the Date Range
Use the date selector to choose how far back you want to look.
Common options:
Month to date — Track current progress
Quarter to date — Monitor business performance
Year to date — See the big picture
Last month / quarter / year — Review completed periods
Recent 3, 6, or 12 months — Spot trends
Custom — Define your own range
Tip: The date range drives everything in the report—always set this first.
Applying Filters
Click Filters to narrow your view.
You can filter by:
Categories — Focus on specific income types
Payees — See income from a specific client or employer
Tags — Track projects or revenue streams
Accounts — Include specific accounts only
Clients & Projects — Business-specific tracking
Advanced — Additional options
Filters can be combined to answer very specific questions. Example: “How much did I earn from one client last quarter?”
Switch Between Transaction and Summary Views
Use the Transaction / Summary toggle:
Transaction — Shows every individual transaction
Summary — Shows totals only
Use Transaction for verification.
Use Summary for quick analysis.
Changing How Data is Grouped
Use the Category dropdown to reorganize the table:
Category (default) — Income types
Account — Where income landed
Tag — Projects or use cases
Payee — Who paid you
This doesn’t change your data—just how you view it.
Adjust Settings
Click the gear icon in the upper right of the transaction table to access additional display and calculation settings.
Accounting Method
Cash basis — Income appears when received (default)
Accrual basis — Income appears when earned
💡 Most users should use Cash basis. Accrual is typically for invoicing businesses.
Display Options
Show expenses as negative
Hide cents
Table Settings
Manage columns
Alternate row color
Expand/collapse groups
Adjust row height
Saving, Exporting, and Printing
Once you've customized the report the way you need it, you have three options for preserving or sharing it.
Saving a Report
Click Save (or select Save as new report from the three-dot menu) to save your current report configuration — including account selection, date range, filters, and view settings — as a named report. Saved reports appear in the Reports tab bar so you can return to the same view anytime without reconfiguring it.
Why save a report? If you review your business income every month, save the report once with your preferred settings. Next month, just open it and update the date range — everything else is already set.
Exporting a Report
Select Export from the three-dot menu to download the report data. Exporting is useful when you need to share income data with an accountant, import it into another tool, or include it in a spreadsheet for further analysis.
Printing a Report
Select Print from the three-dot menu to print the report or save it as a PDF. This is helpful for record-keeping, sharing with a financial advisor, or including in a loan application or business plan.
Real-World Examples
Example 1: Reviewing Monthly Household Income
Maria and her spouse both work full-time. At the end of each month, Maria opens the Income report set to Last Month and the Personal account portfolio. She can immediately see that two paychecks came in and a small interest deposit appeared — confirming that all expected income for the month is accounted for before she adjusts their household budget.
Example 2: Tracking Business Revenue by Quarter
David runs a consulting practice as an sole propriter. At the end of Q1, he opens the Income report, selects his business account portfolio, and sets the date range to Last Quarter. He changes the row grouping to Payee to see revenue organized by client. He can see that one client represents over 60% of his quarterly revenue — a useful signal that he may want to diversify his client base heading into Q2.
Example 3: Using Income Data to Make Better Business Decisions
The Income report becomes especially powerful when you use it to compare — not just to review.
Comparing businesses against each other
If you run more than one business, you can use the account selector to view each business portfolio separately, then compare totals side by side. If one business is generating significantly more income than the other, that's useful information — especially if you're spending equal time on both. The report gives you the data to ask the harder question: is the time I'm putting into this business proportional to what it's bringing back?
Comparing clients within a business
Switch the row grouping to Payee and filter to your business accounts, and the report reorganizes around who is actually paying you. This view makes it easy to see which clients are your biggest income sources — and which ones aren't.
This is where the Income report moves from bookkeeping into business strategy. If you're spending 80% of your time on a client that represents only 20% of your income, that's a signal worth paying attention to. The inverse is also worth watching: if 80% of your income is coming from a single client — especially one whose project is wrapping up — you're exposed. Losing that client next month means losing the majority of your revenue.
Grouping by payee and reviewing the last three to six months can surface patterns that are easy to miss when you're in the middle of doing the work: which client relationships are growing, which are shrinking, and where your time is actually generating a return.
Example 4: Seeing Income You've Earned But Haven't Been Paid Yet
Diane runs a small marketing agency and invoices clients at the end of each project, with payment terms of 30 days. She switches her Income report to Accrual basis so the report reflects income she's already earned — even when payment hasn't arrived yet. She groups the table by Payee to see what each client owes for the current quarter, then filters by Tags to break revenue down by project type.
Without accrual basis, her report would only show what's actually landed in her bank account — undercounting income she's already earned and making her business look less healthy than it actually is. With accrual basis, she can see the full picture: work completed, invoices outstanding, and revenue on the way.
Example 5: Preparing for Tax Season
Priya has a mix of business and personal income. When it's time to file taxes, she opens the Income report set to Last Year and the All Business/Personal view. She uses the Categories filter to isolate business income only, then exports the report to share with her tax preparer. She repeats the process filtering to personal income for a second export. Her tax preparer has clean, organized summaries without needing access to her Quicken account.
Example 6: Verifying a Client Payment
Jordan is waiting on a payment from a client. She opens the Income report, clicks Filters, and filters by the client's name under Payees. The payment appears in the list, confirming it was deposited and categorized correctly — and she can see the exact date and amount without scrolling through her full transaction register.
Tips and Notes
Use this report with the Spending report to understand full cash flow
Transfers may appear but net to $0.00 (they are not income)
Only recorded transactions appear—make sure accounts are up to date