How to Track Other Income in Vyapar App – Video

Transcript

Tracking other income is essential for maintaining accurate business records. Apart from regular sales, businesses often earn through interest, scrap sales, commissions, rental income, and other sources. Vyapar Accounting Software allows you to record these transactions separately and monitor them with detailed reports.

Step 1: Enable the Other Income Feature
Open Settings from the left menu and go to General Settings. Scroll down and enable the Other Income option. Once enabled, the feature becomes available in the Sales menu.

Step 2: Add a New Other Income Entry
Go to Sales > Other Income and tap Add Other Income. This opens the entry screen where you can record your additional income.

Step 3: Enter the Income Details
Select an income category such as Interest Income, Scrap Sales, Commission, or Rental Income. Add the related item, enter the quantity and price, choose the transaction date if required, and select the correct firm if you manage multiple businesses.

Step 4: Choose Payment Method and Save
Select the payment mode, such as Cash, Cheque, or Bank Account. Review the entered details and tap Save. Your transaction will be recorded successfully and added to your income records.

Step 5: View and Filter Other Income Reports
Open Reports > Other Income to view all your recorded transactions. You can filter the report by month, quarter, year, custom date range, income category, or business to quickly find the information you need.

Step 6: Analyse Your Business Performance
You can also view Category Reports and Item Reports to analyse your income in more detail. To understand how your additional income affects your business, open the Profit & Loss report, where all your other income is included in the overall financial summary.

Vyapar Accounting Software makes it easy to record, organise, and analyse every source of additional income. With detailed reports and Profit & Loss insights, you can keep your financial records accurate and gain a better understanding of your overall business performance.

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