How to process general income received? - Costbucket

How to process general income received?

You are here:
< Back

Processing general non-operational income ie income not from a customer require general payment into the business bank account. Examples of general income are a tax refund, interest income, or other general bank transactions.

On the left menu in the cloud cost accounting software,navigate to the bank menu, then general receipts.

The process is in two parts. First select the bank account to debit with the income then click “Accept” and the second process is to select the GL account to credit. Then accept and process batch.