The Income Analysis dashboard provides a comprehensive overview of your earnings, helping you track where your revenue comes from and how it trends over time. Whether you're analyzing product sales, consulting fees, or passive income streams, this tab offers clarity to optimize your income strategies.
1. Key Metrics Overview
At the top of the tab, you’ll find a summary of your total income, broken into two main categories:
Sales Income: Revenue earned from products, services, or sales transactions.
Other Income: Earnings from sources like donations, earned interest, or one-off payments.
Total Income: The sum of all income sources within the selected date range.
Why It’s Useful:
This section provides an at-a-glance understanding of how much revenue you’ve generated and its sources.
Pro Tip: Compare sales income to other income to identify opportunities for diversifying revenue streams.
2. Income By Category
This section categorizes income for deeper insight into specific sources.
Column Breakdown:
Category: Lists the different income streams (e.g., Product Sales, Consulting Income).
Monthly Totals: Displays income earned from each category for every month within the selected date range.
Total: Sums up income across all months for each category.
Why It’s Useful:
Pinpoints which income categories are the most profitable.
Tracks seasonality and trends for each category to predict future income patterns.
Pro Tip: Identify low-performing categories and strategize ways to boost their performance.
3. Total Income By Month (Graph)
This visual representation shows monthly income trends over time. The filled line graph highlights fluctuations in earnings, making it easy to spot spikes or dips.
Why It’s Useful:
Quickly assess which months performed best.
Spot trends, such as revenue growth or seasonality.
Pro Tip: If income spikes in certain months, analyze contributing factors and replicate them to drive consistency across other months.
4. Benefits of Income Analysis
Informed Decision-Making: Gain clarity on your revenue streams to identify growth opportunities.
Revenue Trends: Understand how income evolves over time to forecast more accurately.
Diversification: Assess income diversity to reduce dependency on a single source.
Use Cases
Freelancers: Break down consulting or project-based income for clearer financial planning.
E-Commerce Owners: Identify best-selling product lines and peak sales months.
Nonprofits: Track donations and other fundraising efforts for better resource allocation.
Track Irregular Sources: Monitor one-off payments under "Other Income" to identify potential recurring opportunities.
Leverage Insights: Use insights to strategize promotional activities during months with historically low income.
Optimize Income Streams: Focus on high-performing categories and consider discontinuing less profitable ones.
With the Income Analysis tab, you'll always have a clear picture of your earnings, empowering you to optimize and grow your revenue streams effectively.