Income v Expense Report Mismatch
After every month, when I review the "income v expense" report, my expectation is "Net Income" is always zero, since I map all inflow/outflow to right categories. However this doesn't seem to be the case. I see a negative "net income" this time.
Where in the budget tab, should i look for this "negative number" to match the income V Expense Report?
FYI - my tbb balance is $0
Net income is all of your income for a given month (which means anything categorized to to be budgeted) less all of your spending for that month. It would only be zero of the amount of money you're spending every month exactly equals your inflows. Not a bad place to be per se but not something to be a goal.
It is a separate idea from your budget. It is negative because for that month, you had to spend more than you made. And that happens, which is why we save. You won't see it tied to a single figure on the budget, but the report shows you line for line how it got that number.