xBoox

Record Income in Simple Tracking

Record business money in without assigning it to a bank account.

Applies to

  • Bookkeeping setup: Simple Tracking
  • Roles: Workspace Owner; Accountant with transaction-edit permission
  • Business structure: Sole Proprietor

Steps

  1. Open Income.
  2. Select Add Income.
  3. Enter the Date.
  4. Choose the appropriate Income Category.
  5. Enter the total in Received CAD. Use a positive amount for money

received, or a negative amount for an Income reduction or chargeback.

  1. If GST/HST tracking is enabled, choose Tax and review Tax Amount CAD.
  2. Optionally add the payer as a Contact, then add Tags, a Note, or an

attachment. Open Tags to select one or more existing tags. The most recently used tags appear first. Select Add new tag when the tag you need does not exist.

  1. Select Save Income.

Before entering any information, you may select Close, press Escape, or select the shaded area beside the form to close it. After you change a field or add an attachment, xBoox asks whether to Keep editing or Discard changes before closing the unsaved Income. While xBoox saves, the form cannot be closed.

The transaction appears in Income and applicable reports. Simple Tracking does not ask for Deposit To and saves no deposit account.

Important rules

  • Use Income for ordinary money received by the business. Do not record an account-to-account movement as Income.
  • Category controls the accounting account, while transaction type controls which page owns the record.
  • A positive Income entry is Money In. A negative Income entry is stored as

Money Out and reduces the selected Income Category.

  • GST/HST reports track tax amounts but do not file a return.

Troubleshooting

Deposit To is visible

The Workspace is using Bank Account-Based Tracking. Follow the banking-setup Income article instead.

The money was a transfer between your own accounts

Do not use Income. Bank Account-Based Tracking provides the Transfers workflow; Simple Tracking does not track account balances or transfers.