Review Income versus Expenses

Income vs Expense Summary compares recorded collection entries with recorded expense entries and calculates operational net movement.

Permission required

Owners have full access. Managers and staff need Income vs Expense access and access to the selected locations.

Review performance

Open Accounting → Income vs Expense.

Compare a period

1. Choose From Date and To Date.
2. Select a Location or Account when narrowing the review.
3. Choose Day or Month under Trend Grouping.
4. Review Total Income, Total Expense, Net Result, and the income and expense entry counts.
5. Compare the income and expense trends.
6. Review breakdowns by payment mode, account and location.
7. Trace unexpected totals to Cashbook / Bankbook, invoices or Expense Manager.

The summary can also show expense as a percentage of income and net result as a percentage of income. A positive result means recorded income exceeded recorded expense in the selected scope; a negative result means the reverse.

Important information

This is an Accounting Lite operational comparison, not a profit-and-loss statement, tax return or assessment of business profitability. It may exclude accruals, depreciation, payroll, inventory valuation and other professional accounting adjustments.

Tip

Keep the same date, location and account scope when comparing this page with Daily Closing or Cashbook / Bankbook.

Related guides

• Use the Cashbook and Bankbook
• Complete the Daily Closing Report
• Track Outstanding Customer and Supplier Balances

Last reviewed: 12 July 2026