When you create an invoice in Balabook, you can add multiple products or services to it:
- Each product or service must be linked to an income account.
- Balabook automatically tracks invoice income under the income account assigned to each item, no need to manually categorize invoice payments.
Income from invoices is recorded on an accrual basis, meaning:
- Even if an invoice isn’t paid yet, the income will appear in your reports under the appropriate income account.
- Once the invoice is marked as paid, it is reflected as paid income in your reports.
When adding a new product or service via the Items page, you’ll be prompted to select an income account:
- The same applies when adding a new product or service directly while creating an invoice.
