What is an Income?
An Income (also known as "Revenue") is an amount the Organization earns for Digital or Physical Royalties, Neighboring, Performance or Mechanical Rights, Synchronizations, or other sources such as Concerts, Touring, or Merchandising.
In accounting, the Incomes are recorded at the Credit of the Organization when the money flows into its bank account. If you are uncomfortable with accounting basics, please check this page to learn more: https://bench.co/blog/bookkeeping/debits-credits.
The Incomes List displays several columns by default, including:
|Name||The Name of the Income|
|Status||The Status of the Income|
|Type||The Type of the Income|
|Payer||The Payer associated with the Income|
|Money In Contract||The Money In Contract associated with the Income|
|Net Amount||The Net Amount of the Income|
|Creation Date||The Creation Date of the Income.|
You can add or remove additional columns using the optional Custom Columns feature.
The followings are the different statuses and meanings you may encounter on the Incomes list:
|Draft||The Income was added but not processed yet.|
|Processing||The Income is being processed.|
|Partially Processed||The Income has not been fully processed (Quarantined).|
|Processed||The Income has been fully processed.|
|Processing Errors||The Income cannot be processed due to detected errors.|
Updated 11 days ago