How to code income
Income is coded to the profit centre that made the sale and the type of sale. Code the net amount, never the VAT.
Task 1Income has codes too3 questions
Income is coded in the same way as costs. The first three digits are the profit centre that made the sale. The last three are the type of income.
| Part of the code | Name | Digits |
|---|---|---|
| Profit centre | Showroom | 400 |
| Profit centre | Trade sales | 500 |
| Type of income | Table sales | 310 |
| Type of income | Chair sales | 320 |
| Type of income | Repairs | 330 |
The Showroom sells to the public. Trade sales sells to hotels and restaurants.
Task 2Code the net amount4 questions
Task 3A week of coded income3 questions