Getting Started: Incomes

Aug 26, 2017 < 1 min

Getting Started: Incomes

Reading Time: < 1 minute

The purpose of existence for all businesses is to generate an income. And the purpose of Akaunting here is to be able to record any kind of income such as invoice, revenue, deposit, etc. The income functions of Akaunting lets you get the job done fast and with perfect accuracy.

There are two types of incomes within Akaunting: Invoice and Revenue.

An invoice is a document sent to your customer that indicates the items sold by you. Akaunting ships with a clean invoice creation interface so you could create invoices within a couple of minutes. After selecting the customer and currency, all you have to do is to set the due date and invoice items. You can use the items created from the Items page or enter items manually. Each item may also have a different tax rate.

After creating the invoice, you may print, download pdf and send it via email to your customer. You may also add full or partial payments manually to your invoices.

If the invoice is assigned to a customer which has the right to log in, then they can make the payment of your invoices online through the payment gateways you’ve assigned to the invoice.

Thanks to the reminders set up from the Settings > General > Scheduling page, Akaunting allows you to remind you and your customers by email when payment is due, automatically. You can set up the reminding days as you wish.

For any other non-invoicable and paid income, you can use the Revenues feature. You can also record the money deposits from the revenues page. Akaunting offers you the possibility to categorize every revenue. Categories build all your reports and provide insights into your business.