How do I record income from market stalls?
Tommyp2
Member Posts: 1
I sell my goods at a number of market stalls and receive cash and Square payments.
What is the best way to categorise each market and the income from it? I was thinking with the cash I would deposit it into the bank account linked with Wave.
Any thoughts or guides on integrating market stalls with Wave would be appreciated.
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Comments
Hey @Tommyp2! I think the best thing for you to do here would be to create separate Income accounts in your Chart of Accounts for each Market stall, Accounting > Chart of Accounts > Add new account. Then you can either manually create income transactions on your transactions page and categorize them to the appropriate income accounts you have just created. OR let your connected bank account import these transactions, and categorize accordingly
I hope this helps!