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 section allows you to track and categorize these sources separately to ensure accurate planning, forecasting, and reporting.
Earnings received from equity stakes in other companies. These are not part of the company’s operational revenue but are still an important source of financial inflow.
Examples include:
Dividends from publicly traded stocks
Payouts from joint ventures or subsidiaries
Revenue from interest-earning assets and investments.
Examples include:
Interest on term deposits
Earnings from loans extended to third parties or affiliates
A catch-all for irregular, small-scale, or otherwise uncategorized non-operational income sources.
Examples include:
Income from subleasing office space
Sale of outdated or unused assets
Refunds, rebates, or reimbursements
Penalty charges received or other minor inflows
Tracking other income in its own section helps:
Provide greater financial transparency
Clearly separate operational and non-operational revenue
Improve forecasting, reforecasting, and variance analysis
Ensure compliance with accounting standards and audit clarity
💡 Tip: Always choose the type that best reflects the nature of the income. This ensures it appears correctly in reports, dashboards, and future forecasts.