Most businesses collect their income by sending invoices. There are though cases that a business may be receiving money through sources that don’t require an invoice. Rental icome, advertising & affiliate income, sales without invoice are such examples. Starting today, you can easily track non-invoice income within Elorus, so you can get a complete picture of your business health.
To add Income into your Elorus account you must go to your Payments Received section. Thus, there is no need to track the payment of the income separately. While recoding all income details, you can also use the tracking categories functionality to also monitor the actual source of the income.
All income recorded will be included into your Payments received detail and Revenue / Expenses detail reports. If you add any sales taxes to your income, these will also be included in your Tax Report.