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Interest Income

by Online Tutorial & Training Guide | Nov 6, 2025 | Chart of Accounts, Income, Terminologies

Earnings from investments, bank deposits, or loans. Provides passive income outside main operations. Recorded when earned, not necessarily received.

Royalty Income

by Online Tutorial & Training Guide | Nov 4, 2025 | Chart of Accounts, Income, Terminologies

Earnings from allowing others to use intellectual property like patents, copyrights, or trademarks. Provides passive income streams. Recognized per contract terms.
  • Interest Income
  • Direct Costs
  • Royalty Income
  • Variance Report
  • Accrual Basis Accounting
  • How to Input Company Details in QuickBooks Online
  • Double-Entry System
  • Common Stock
  • Return on Equity (ROE)
  • General Ledger (G/L)

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