Manually create a new income

What is an income?

An income in Nuvio is considered as all sorts of revenue generating activities including product or service sales or gained interests etc. If your business earned money from an activity, you can record it as an income in Nuvio.

After you create an income, you can always turn that income into an invoice to your customers.

Creating an income on Nuvio

1. There are 2 ways to create a new income on Nuvio. First option is located on our top header on every page, you will see a "+" sign button. This is our shortcut button to create new items in Nuvio. Just click "+" sign and select "Add New Income" and you will be redirected to new income page. The second option is, open Left Navigation menu, and go Income -> Add New Income options to create a new income.

2. Once you hit the "Add New Income" button, you see a page that asks for the income details.

3. Fill the fields explained below:

   • Invoice ID: This will be your invoice's ID and it will be sent to your customer if you choose to send it as an invoice. There are 2 ways to set an invoice ID. If you leave it as it is, it will automatically increment the number when every new invoice created, based on your invoice settings. You can also click "Set Manually" button to assign a different number than your next invoice number manually.

   • Description: This field is for you to reference this income later in your income list. It's a basic explanation for you to remind what was this income for. Feel free to type anything here.

   • Customer: Select an existing customer from the dropdown list. If this is a new customer, just write the customer name into the input field and click "Add new customer" button on the dropdown. No need to go to a different page to add a new customer.

   • Tag: Tagging is an easy way to categorize your income for further analysis. Create new tags (categories) and select those tags here.

   • Invoice Date: Select the date that you want to save this invoice for. This could be a previous or upcoming date based on your income. You can always create an income for the future date, especially useful for installment based incomes.

   • Due Date: Select the date that payment collection is due. This can only be selected the same day with the invoice date or later. You can use shortcuts in the datepicker to select specific dates easily, like "Same date with invoice date", "7 days after than invoice date", "14 days after than invoice date", "30 days after than invoice date".

   • Project: This field is optional. If you want to assign this income as a revenue for a project, select an existing project from the dropdown list. If this is a new project, just write the project name into the input field and click "Add new project" button on the dropdown. No need to go to a different page to add a new project.

   • Currency and Rate: You can record a new income in more than 20 currencies in Nuvio. By default, your functional currency selected here with a corresponding currency rate as 1. When you select a different currency from the dropdown list, Rate option becomes available. Type the corresponding currency conversion rate, and Nuvio calculates the rest for you.

   • Sold items: Select the product/service you sold, enter the unit price into the Net Amount field, select quantity and corresponding taxes and Nuvio will automatically calculate the Total Amount for that line item. You can add a new line item by clicking "Add New Row" button. All the line items will be summed in Total row.

     
   • Invoice Attachment: If you created this invoice in another tool, you can attach your invoice image by browsing your computer or by a simple drag-drop. If you plan to generate the invoice here, do not attach any image, because it will be overwritten once you create your invoice on Nuvio.

4. After filling all the information, click "Save" to record your income.