💰 How to Add Other Income in Modeliks?

💰 How to Add Other Income in Modeliks?

Adding Other Income in Modeliks helps you track revenue that comes from activities outside your company’s core operations β€” such as investment earnings or subleasing income.

πŸ“Œ Follow these simple steps to record your Other Income accurately:


πŸͺœ Step 1

Click on the "Add Other Income" button in your Modeliks account.
Enter a descriptive name for the income stream in the field provided.

πŸ’‘ For example, β€œInterest income from loan” or β€œOffice sublease income.”


πŸͺœ Step 2

Choose the type of Other Income. You can select from the following:

  • Dividends from investments – Income received from owning shares in other companies.

  • Interest income – Earnings from interest-bearing investments or loans.

  • Miscellaneous other income – Irregular or uncategorized income (e.g. subleasing office space, sale of assets).

πŸ”Ž Selecting the correct type helps with accurate financial reporting and future analysis.


πŸͺœ Step 3

Now choose how to calculate the income. You can define it as:

  • Dollar value – Enter a fixed income amount.

  • Percent of total revenue – Automatically calculate it based on total company revenue.

  • Percent of specific revenue – Link it to a specific revenue stream.

πŸ”Ž On the next screen, you'll be prompted to enter the specific amount or percentage.


πŸͺœ Step 4

Click "Next" and enter the actual income value in the input table.
For example, if you receive $500 per month in interest β€” simply type it in βœ…


βœ… Final Step

Once everything looks good, click β€œSave and close.”


πŸ“ A few tips for working with financial tables in Modeliks:

  • Blue numbers are editable directly.

  • Black numbers are calculated automatically.

  • Use the arrow icon to paste a value across time periods.

Hover over the income item name and click the edit icon to update it at any time.
You can also add more entries by clicking "Add Other Income" again.


πŸŽ₯ Need more help? Watch our walkthrough video to explore different input methods and see tips for working efficiently in Modeliks.


    • Related Articles

    • How to add your Income Tax in Modeliks?

      In this article, we will walk you through the simple steps of adding your Income Tax in Modeliks. Modeliks makes adding your Income Tax a simple and seamless experience! Let us begin ? Step 1 To begin, click on the "Add Tax" button, which allows you ...
    • How to Add Other Expenses in Modeliks?

      Adding Other Expenses in Modeliks is simple and just as intuitive as adding regular expenses. These entries allow you to track non-operational or exceptional costs like donations, one-time events, and miscellaneous charges. ? Follow these quick ...
    • How to add your Value Added Tax in Modeliks?

      In this article, we will guide you through the steps to add VAT in Modeliks, making your tax management more efficient and effective. Managing Value Added Tax (VAT) can be complex, but with Modeliks, you can streamline the process and ensure accurate ...
    • How to add your Sales Tax in Modeliks?

      Whether seasoned entrepreneurs or fledgling business owners, understanding how to calculate and implement Sales Tax is crucial for all of us. Calculating Sales Tax in Modeliks is a straightforward process ? Step 1 We start by locating, clicking the ...
    • 💸 What Other Income Types Are Available in the Other Income Section in Modeliks?

      Other income refers to revenue generated from activities outside your company's core business operations. These earnings may come from investments, interest, or incidental events such as subleasing unused office space. In Modeliks, the Other Income ...