Adding Other Income in Modeliks helps you track revenue that comes from activities outside your companyβs core operations β such as investment earnings or subleasing income.
π Follow these simple steps to record your Other Income accurately:
Click on the "Add Other Income" button in your Modeliks account.
Enter a descriptive name for the income stream in the field provided.
π‘ For example, βInterest income from loanβ or βOffice sublease income.β
Choose the type of Other Income. You can select from the following:
Dividends from investments β Income received from owning shares in other companies.
Interest income β Earnings from interest-bearing investments or loans.
Miscellaneous other income β Irregular or uncategorized income (e.g. subleasing office space, sale of assets).
π Selecting the correct type helps with accurate financial reporting and future analysis.
Now choose how to calculate the income. You can define it as:
Dollar value β Enter a fixed income amount.
Percent of total revenue β Automatically calculate it based on total company revenue.
Percent of specific revenue β Link it to a specific revenue stream.
π On the next screen, you'll be prompted to enter the specific amount or percentage.
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 β
Once everything looks good, click βSave and close.β
π 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.
π₯ Need more help? Watch our walkthrough video to explore different input methods and see tips for working efficiently in Modeliks.