What is Other Income (Cash)
Other Income (Cash) is a financial metric in QuickBooks that quantifies income from non-primary business activities such as rental income, interest income, or asset sale profits.
Why Other Income (Cash) Matters
This metric is crucial as it helps businesses identify and track alternative revenue sources, adding to overall income and financial stability.
Key Considerations for Other Income (Cash)
When analyzing this metric, it's important to consider the consistency and reliability of these income sources, as they can fluctuate more than primary business income.
Maximize Your Other Income (Cash)
Businesses can maximize the value of this metric by actively seeking and exploiting opportunities for ancillary income streams, thereby improving their overall financial health.