Hey! what does money in quick books mean?

I'm here to provide an answer to your question, @mariahfitzwillia.

If you're referring to QuickBooks Money, it helps you manage business money with a QuickBooks Checking account and Visa debit card. You can get paid by invoice or quick payment request, keep track of your business transactions, know when invoices get paid, keep tabs on open invoices, and send reminders to customers with a tap. For more information, visit this link: https://quickbooks.intuit.com/get-money/.

Now, if you're referring to the "Money in" movement, it refers to the money that comes into your account from your business activities. This may include sales revenue, fees, or income from services. In QuickBooks Online (QBO), there are different detail types associated with the Income account type. These include:

• Discounts/Refunds Given - track discounts you give to customers. This account typically has a negative balance, so it offsets other income. For discounts from suppliers, use an Expense account instead.
• Foreign Taxes Incurred - track expenses related to taxes paid to foreign governments.
• Non-Profit Income - track money coming in if you are a non-profit organisation.
• Other Primary Income - track income from normal business operations that don't fall into another Income type.
• Rent a room relief - Rents Received - track rental income received under the Rent a Room Scheme.
• Sales of Product Income - track income from selling products. This can include various products, like crops and livestock, rental fees, performances, and food served.
• Service/Fee income - track income services or ordinary usage fees you charge. For fees customers pay you, late payments, or other uncommon situations, use an Other Income account type with the detail type called Other miscellaneous income instead.
• UK Taxes withheld - track taxes that are withheld from income tax or payments.
• Unapplied Cash Payment income - reports the Cash Basis income from customers' payments you've received but not applied to invoices or charges. In general, you'd never use this directly in a purchase or sale transaction.

To learn more about these detail types and how they work, please check out this article: A complete guide to account types and detail types in QuickBooks Online.

Moreover, the "Money in" transactions are forms under the "Customers" column in the +New button. This includes Invoices, Estimates, Credit memos, and more.

In QBO, you can use the cash flow planner to forecast your income (money in) and expenses (money out). For guidance on how to use this tool, please refer to this article: Use the cash flow planner in QuickBooks Online.

Please return to this thread if you have any follow-up concerns regarding QBO. I'm always here to help.