Is monthly income based on all open invoices created or just the paid/deposited invoices recorded through transactions

Hi little-miss-orch Thanks for reaching out to us here on the Community. The income would depend on whether you have the accounting method within the settings set to cash or accrual. If you're on a cash basis then your income will be included when you receive a payment against an invoice. If you have the accounting method is set to accrual, then the income will be accounted for as soon as you've created the invoice. We have included an article that references the above and maybe of some use: https://intuit.me/4dF00iw