Recording Income
Keep accurate records of all your business income to stay compliant with Making Tax Digital.
Adding income manually
- Go to Transactions
- Click Add Transaction
- Select Income
- Enter the date, amount, and category
- Add a description and any notes
- Attach a receipt or invoice if you have one
Income categories
Choose the appropriate category for your income:
- Sales - Income from selling goods or services
- Other income - Miscellaneous business income
- Rental income - For property businesses
Importing income
If you’ve connected your bank account, income transactions are imported automatically. You’ll need to:
- Review the imported transaction
- Confirm the category
- Add any additional details
Invoicing
When you create an invoice in Calceum, the income is automatically recorded when the invoice is marked as paid.
Cash vs invoiced income
- Cash basis - Record income when you receive payment
- Accruals - Record income when you issue the invoice