Many firms receive outside income for Mediation, Speaking Events, etc. to record income other than fee income. 


Follow these steps:

 

  1. Go to Accounting > Bank > Select Operating Account > Details
  2. Under the Transaction tab, click Add.
  3. Complete the deposit and for the Account use 4150: Other Income, which is a designated income account. 
    • This account will group the income "above the line" on your Profit and Loss and be included in the calculation of income/loss from activities of the firm.