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.

Incomes List

The Incomes List displays several columns by default, including:

Column Name	Instructions
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.

Incomes Statuses

The followings are the different statuses and meanings you may encounter on the Incomes list:

Status Name	Details
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.