Misc Income Types

Miscellaneous income is used onsite to record any additional cash money coming in that was not a sale through the point of sale terminal.

When entering an miscellaneous income onsite, it is recorded against an income type. Income types define the settings that are applied during entry and determine how the income is processed in subsequent operations.

Adding Income Types

Follow these steps to add income types:

1. Click Add

2. Enter Miscellaneous Income Type Name and Description (optional)

3. Set the following other configurations

   • Inclusive Tax Rule - the tax rule used in calculations

   • Reference Code - any codes used for any finance system integrations

   • Share Entry - this function enables recording of income that is distributed between the site and another party

     • Enter 3rd Party Share - when using this option the total income amount is entered with how much the 3rd party should be receiving, any remaining value will be allocated to the site

     • Enter Site Share - when using this option the total income amount is entered along with the how much the site should be recording, any remaining value will be allocated to the 3rd party

     • No Share Entry - default setting and all monies entered will be entered against the site

4. Click Finish

Assigning Types to Sites

Before a site can use the type created they must be assigned to sites.

Follow these steps to assign income types to sites:

1. From the Allowed Misc Expense Types list make selections of the required types

2. Click Save