Reviewing the Income Report
Last updated
Last updated
The Income Report details every income transaction made during a given tax year. You can access it by navigating to the Tax screen, selecting the relevant tax year card, and then clicking the download button under the Reports section
Use this report to review the income proceeds for each token. You can do this by examining each transaction line by line or by navigating to the Asset Summary section to see the total proceeds by token.
If the proceeds for any income transactions or assets seem too low or too high, or if you have missing income transactions, here are some of the potential issues and how to resolve them:
One common cause of incorrect proceeds is an asset being mapped incorrectly, leading to incorrect pricing or no pricing at all.
To resolve this, follow the steps outlined in the Unidentified Assets section.
If an income transaction has not been valued, the proceeds will incorrectly show as £0.
To fix this, follow the instructions in the Failed to Value section.
If you expect an income transaction to appear in your Income Report but it's missing, the transaction may have been assigned an incorrect transaction type in Recap.
To resolve this, navigate to the Activity screen and use the filters to locate the transaction. You can change the transaction type by pressing the Edit button under the Details tab.
If the Edit option does not allow you to change the transaction type, you may need to update the transaction data directly in the source CSV file for this account. After making the necessary changes, re-import the updated CSV file into Recap.
