Tracking extra income outside of regular sales is important for accurate accounting. LoomMate allows you to record additional earnings, so your financial records are complete and transparent.
Video Walkthrough
(Watch the video below for a complete step-by-step tutorial. Prefer reading? Continue with the guide.)
Step-by-Step Guide to Recording Extra Income
Step 1: Open the Extra Income Section
- From the Dashboard, go to Finance → Extra Income.
- Click on + Add Extra Income.
Step 2: Enter Income Details
- Fill in the following information:
- Source / Description (e.g., Interest Income, Miscellaneous Sales)
- Amount
- Date
- Payment Method (Cash, Bank, UPI, etc.)
- Notes (optional)
Step 3: Save the Income Record
- Click Save to record the income.
- The entry will now appear in the Extra Income Dashboard.
Step 4: Link to Ledger (Optional)
- You can link the extra income entry to the Ledger for consolidated financial tracking.
Step 5: Generate Reports
- Use the Generate Report option to export extra income data for accounting or review.
Troubleshooting Tips
- Entry not saving? Ensure all mandatory fields (Source, Amount, Date) are filled.
- Incorrect amount? Edit the entry immediately before linking to Ledger.
- Report missing data? Check the date range and filters.
