Database income setup

This screen enables you to configure income accounts in your new database. The fields are as follows:

• Income code and Income name: This is a header account that all other normal income accounts are grouped under. The name of this account will appear on reports that group income together.
• Special income code and Special income name: This account is used for as a header account for all non-normal or extraordinary income accounts. This kind of income is reported separately from normal income because it is not part of the normal earnings of a business. An example of special income is gains on disposal of land that was used for a company factory.